Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) PT at $59.00

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been assigned an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $59.00.

A number of equities research analysts recently commented on WOR shares. The Goldman Sachs Group boosted 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. Canaccord Genuity Group increased their target price on Worthington Enterprises from $69.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Wall Street Zen raised shares of Worthington Enterprises from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. Finally, Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th.

Institutional Trading of Worthington Enterprises

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its position in Worthington Enterprises by 128.8% in the 2nd quarter. Squarepoint Ops LLC now owns 115,310 shares of the industrial products company’s stock worth $7,338,000 after purchasing an additional 64,909 shares during the period. State of Wyoming bought a new position in shares of Worthington Enterprises during the second quarter valued at approximately $199,000. Public Sector Pension Investment Board raised its holdings in shares of Worthington Enterprises by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 105,618 shares of the industrial products company’s stock worth $6,722,000 after buying an additional 7,262 shares during the period. Security National Bank of SO Dak purchased a new stake in shares of Worthington Enterprises in the second quarter worth approximately $210,000. Finally, Corient Private Wealth LLC lifted its stake in shares of Worthington Enterprises by 100.0% during the 2nd quarter. Corient Private Wealth LLC now owns 26,196 shares of the industrial products company’s stock worth $1,667,000 after acquiring an additional 13,098 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors.

Worthington Enterprises Stock Performance

Shares of NYSE WOR opened at $61.48 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. The firm has a fifty day moving average price of $63.96 and a 200-day moving average price of $56.78. The stock has a market cap of $3.06 billion, a PE ratio of 32.19 and a beta of 1.20. Worthington Enterprises has a 1 year low of $37.88 and a 1 year high of $70.91.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.22. The firm had revenue of $317.88 million during the quarter, compared to analyst estimates of $300.96 million. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%.The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. Equities 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 declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.19 dividend. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, September 15th. Worthington Enterprises’s dividend payout ratio (DPR) is 39.79%.

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.