Worthington Enterprises (NYSE:WOR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Worthington Enterprises (NYSE:WOR) had its price target lifted by research analysts at Canaccord Genuity Group from $49.00 to $54.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 7.05% from the stock’s current price.

Separately, Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.67.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $50.44 on Thursday. The stock has a fifty day moving average price of $42.39 and a 200 day moving average price of $41.50. 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 has a market cap of $2.52 billion, a PE ratio of 60.77 and a beta of 1.21. Worthington Enterprises has a 1 year low of $37.88 and a 1 year high of $62.56.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business 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. The business’s revenue was down 3.9% on a year-over-year basis. Sell-side analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of Worthington Enterprises by 121.0% during the fourth 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 in the last quarter. Anchor Investment Management LLC purchased a new stake in Worthington Enterprises in the 4th quarter worth approximately $40,000. State of Wyoming acquired a new position in Worthington Enterprises in the 4th quarter valued at $51,000. Itau Unibanco Holding S.A. lifted its stake in shares of 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 purchasing an additional 501 shares during the period. Finally, KBC Group NV lifted its stake in shares of Worthington Enterprises by 63.7% during 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 during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

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.