Worthington Enterprises (NYSE:WOR - Get Free Report) had its target price boosted by equities researchers at The Goldman Sachs Group from $39.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "sell" rating on the industrial products company's stock. The Goldman Sachs Group's price target suggests a potential downside of 5.22% from the company's previous close.
WOR has been the topic of several other research reports. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group raised their price objective on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Worthington Enterprises presently has an average rating of "Hold" and a consensus target price of $48.00.
View Our Latest Research Report on Worthington Enterprises
Worthington Enterprises Price Performance
WOR stock traded down $1.65 during mid-day trading on Thursday, hitting $46.42. 504,005 shares of the stock were exchanged, compared to its average volume of 296,541. The business has a fifty day moving average price of $43.12 and a 200 day moving average price of $41.62. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $62.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 55.93 and a beta of 1.06.
Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the previous year, the company posted $0.80 EPS. Worthington Enterprises's quarterly revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Worthington Enterprises will post 2.67 EPS for the current year.
Institutional Trading of Worthington Enterprises
Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after buying an additional 455 shares during the period. Anchor Investment Management LLC purchased a new stake in Worthington Enterprises in the fourth quarter worth $40,000. State of Wyoming bought a new stake in Worthington Enterprises in the fourth quarter valued at $51,000. Itau Unibanco Holding S.A. increased its position in Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 501 shares during the period. Finally, KBC Group NV raised its holdings in Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after purchasing an additional 724 shares in the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.
About Worthington Enterprises
(
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Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.
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