Worthington Enterprises, Inc. (NYSE:WOR) Receives Average Recommendation of “Hold” from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been given a consensus rating of “Hold” by the four ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.00.

A number of equities analysts have issued reports on the company. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group increased their target price on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On Worthington Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in Worthington Enterprises by 121.0% in the fourth 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 in the last quarter. Anchor Investment Management LLC acquired a new position in Worthington Enterprises in the fourth quarter valued at $40,000. KBC Group NV raised its holdings in shares of Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after buying an additional 353 shares during the last quarter. State of Wyoming acquired a new position in Worthington Enterprises in the 4th quarter valued at about $51,000. Finally, Itau Unibanco Holding S.A. lifted 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 worth $68,000 after acquiring an additional 501 shares during the period. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

Shares of WOR stock opened at $41.73 on Friday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 50.28 and a beta of 1.21. Worthington Enterprises has a fifty-two week low of $37.88 and a fifty-two week high of $62.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock’s 50-day simple moving average is $41.82 and its 200-day simple moving average is $41.31.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS 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 analysts’ expectations of $289.09 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.63%. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

About Worthington Enterprises

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.