Worthington Enterprises, Inc. (NYSE:WOR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been given a consensus rating of “Moderate Buy” by the four brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $59.00.

Several research firms have recently weighed in on WOR. The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Thursday. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $69.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday.

Institutional Investors Weigh In On Worthington Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of Worthington Enterprises during the 1st quarter valued at about $496,000. Belpointe Asset Management LLC bought a new stake in shares of Worthington Enterprises during the 1st quarter valued at about $211,000. Goldman Sachs Group Inc. grew its position in shares of Worthington Enterprises by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,461 shares of the industrial products company’s stock valued at $11,143,000 after buying an additional 7,575 shares during the last quarter. Millennium Management LLC grew its position in shares of Worthington Enterprises by 54.9% during the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock valued at $17,656,000 after buying an additional 124,867 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Worthington Enterprises by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,704 shares of the industrial products company’s stock valued at $937,000 after buying an additional 793 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $63.62 on Friday. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.60. The firm has a market capitalization of $3.18 billion, a P/E ratio of 33.31 and a beta of 1.19. The company’s fifty day moving average price is $57.43 and its two-hundred day moving average price is $47.83.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The firm had revenue of $317.88 million for the quarter, compared to analyst estimates of $300.96 million. During the same quarter in the previous year, the business posted $0.74 EPS. The firm’s revenue was down .3% compared to the same quarter last year. On average, research analysts anticipate that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.19%. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.17. Worthington Enterprises’s payout ratio is presently 57.63%.

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.