Worthington Enterprises (NYSE:WOR) Price Target Raised to $44.00 at The Goldman Sachs Group

Worthington Enterprises (NYSE:WOR - Get Free Report) had its price objective increased by analysts at The Goldman Sachs Group from $39.00 to $44.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "sell" rating on the industrial products company's stock. The Goldman Sachs Group's target price suggests a potential upside of 0.17% from the company's previous close.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group increased their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Thursday, March 27th. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $48.00.

Worthington Enterprises Stock Down 3.9 %

Shares of Worthington Enterprises stock traded down $1.77 during trading on Thursday, hitting $43.93. 660,560 shares of the stock traded hands, compared to its average volume of 299,233. The firm has a market cap of $2.20 billion, a P/E ratio of 52.92 and a beta of 1.06. Worthington Enterprises has a 52-week low of $37.88 and a 52-week high of $62.20. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $43.19 and its 200 day simple moving average is $41.62.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, equities analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Worthington Enterprises

A number of large investors have recently bought and sold shares of the business. PDS Planning Inc grew its holdings in Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock valued at $473,000 after purchasing an additional 356 shares during the period. Quadrant Capital Group LLC grew its stake 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 valued at $33,000 after acquiring an additional 455 shares during the period. Itau Unibanco Holding S.A. increased its holdings in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after acquiring an additional 501 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after acquiring an additional 585 shares during the period. Finally, Graham Capital Management L.P. lifted its holdings in Worthington Enterprises by 9.9% during the fourth quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Company Profile

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.