Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Target Price at $61.00

Worthington Enterprises, Inc. (NYSE:WOR) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $61.00.

Several research firms have recently issued reports on WOR. Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Canaccord Genuity Group dropped their price objective on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of Worthington Enterprises by 872.0% during the fourth quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 436 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Worthington Enterprises by 61.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the period. McMillan Office Inc. bought a new stake in Worthington Enterprises in the fourth quarter valued at $31,000. Farther Finance Advisors LLC raised its holdings in shares of Worthington Enterprises by 81.3% during the fourth quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 304 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Worthington Enterprises by 693.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 541 shares in the last quarter. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

WOR opened at $58.91 on Monday. The business has a fifty day simple moving average of $54.61 and a 200 day simple moving average of $57.56. The company has a market capitalization of $2.92 billion, a PE ratio of 27.79 and a beta of 1.35. Worthington Enterprises has a 1 year low of $39.05 and a 1 year high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.26.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, December 16th. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.The business had revenue of $327.45 million for the quarter, compared to the consensus estimate of $310.60 million. During the same period in the prior year, the business posted $0.60 earnings per share. Worthington Enterprises’s revenue was up 19.5% compared to the same quarter last year. Research analysts expect that Worthington Enterprises will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. Worthington Enterprises’s dividend payout ratio is 35.85%.

About Worthington Enterprises

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi?division organization with operations in the United States, Canada and Mexico.