Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Target Price at $46.00

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received a consensus recommendation of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.67.

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group increased their price target on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th.

Hedge Funds Weigh In On Worthington Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in WOR. Quadrant Capital Group LLC boosted its holdings in 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 acquired a new stake in shares of Worthington Enterprises during the 4th quarter valued at approximately $40,000. KBC Group NV lifted its position in shares of Worthington Enterprises by 45.1% during the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 353 shares during the period. State of Wyoming purchased a new stake in shares of Worthington Enterprises during the 4th quarter worth approximately $51,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of 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 during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Trading Up 0.3 %

NYSE WOR opened at $51.67 on Friday. Worthington Enterprises has a one year low of $37.88 and a one year high of $62.86. The firm has a market cap of $2.59 billion, a PE ratio of 62.25 and a beta of 1.21. The firm’s fifty day moving average is $42.22 and its two-hundred day moving average is $41.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating 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 firm had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period in the prior year, the business earned $0.80 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts expect that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 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.