Worthington Enterprises, Inc. (NYSE:WOR – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $62.3333.
Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Worthington Enterprises from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Thursday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday. Canaccord Genuity Group decreased their target price on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Zacks Research downgraded Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Wall Street Zen downgraded Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday.
Insiders Place Their Bets
Institutional Investors Weigh In On Worthington Enterprises
A number of hedge funds have recently bought and sold shares of WOR. EverSource Wealth Advisors LLC grew its stake in Worthington Enterprises by 693.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 541 shares in the last quarter. ORG Partners LLC grew its stake in Worthington Enterprises by 61.0% during the 2nd quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 250 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Worthington Enterprises during the 2nd quarter valued at approximately $46,000. Quarry LP acquired a new stake in Worthington Enterprises during the 1st quarter valued at approximately $49,000. Finally, CWM LLC grew its stake in Worthington Enterprises by 33.5% during the 2nd quarter. CWM LLC now owns 813 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.
Worthington Enterprises Price Performance
WOR stock opened at $54.98 on Tuesday. The stock has a 50-day moving average price of $61.88 and a two-hundred day moving average price of $58.70. Worthington Enterprises has a 12-month low of $37.88 and a 12-month high of $70.91. The company has a current ratio of 3.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.73 billion, a PE ratio of 25.81 and a beta of 1.17.
Worthington Enterprises (NYSE:WOR – Get Free Report) last issued its earnings results on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The company had revenue of $1.23 billion during the quarter. As a group, research analysts predict that Worthington Enterprises will post 2.67 EPS for the current year.
Worthington Enterprises Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, December 15th. Worthington Enterprises’s dividend payout ratio (DPR) is 35.68%.
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.
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