Worthington Enterprises (NYSE:WOR) Trading Down 5.9% – Should You Sell?

Worthington Enterprises, Inc. (NYSE:WOR) shares traded down 5.9% during trading on Wednesday . The stock traded as low as $47.51 and last traded at $48.8330. 91,836 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 173,899 shares. The stock had previously closed at $51.88.

Worthington Enterprises News Roundup

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Q3 results: Worthington reported EPS of $0.98, beating consensus (~$0.95–$0.96), with revenue of $378.7M (up ~24.4% YoY) and above estimates — confirms solid top- and bottom-line performance. Read More.
• Positive Sentiment: Dividend: Board declared a $0.19 quarterly dividend payable June 29 (record June 15), implying a ~1.6% yield — supports income-focused investors and signals cash-return commitment. Read More.
• Neutral Sentiment: Investor materials: Company posted the press release, slide deck and conference call for the quarter — useful for evaluating management commentary and guidance. Read More.
• Negative Sentiment: Market reaction: Several outlets reported the stock fell despite the beat; the sell-off suggests investors were disappointed by commentary or forward signals in the release/conference call. Read More.
• Negative Sentiment: Investor concerns: Pre- and post-earnings coverage highlighted worries about consumer-demand trends and macro pressures that may have weighed on sentiment even after a strong quarter. Read More.

Wall Street Analyst Weigh In

Several analysts have issued reports on WOR shares. Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group cut their target price on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.00.

Worthington Enterprises Stock Performance

The company has a market cap of $2.32 billion, a P/E ratio of 21.85 and a beta of 1.32. The stock’s fifty day moving average price is $54.00 and its two-hundred day moving average price is $55.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.26 and a current ratio of 3.26.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $378.68 million during the quarter, compared to the consensus estimate of $349.41 million. Worthington Enterprises had a net margin of 8.46% and a return on equity of 17.70%. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. As a group, equities analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is currently 35.85%.

Hedge Funds Weigh In On Worthington Enterprises

Several institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in Worthington Enterprises by 823.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 675 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Worthington Enterprises by 21.3% in the 4th quarter. Corient Private Wealth LLC now owns 12,190 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 2,138 shares in the last quarter. Mariner Investment Group LLC bought a new position in Worthington Enterprises in the 4th quarter valued at $216,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Worthington Enterprises during the 4th quarter valued at $240,000. Finally, Summit Global Investments purchased a new stake in shares of Worthington Enterprises in the fourth quarter worth $963,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

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.