Wall Street Zen Downgrades Worthington Enterprises (NYSE:WOR) to Buy

Worthington Enterprises (NYSE:WOR) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently commented on WOR. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, October 8th. Zacks Research downgraded Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, September 25th. CJS Securities upgraded Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a research note on Wednesday, September 24th. Finally, The Goldman Sachs Group upped their target price on Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.33.

Worthington Enterprises Price Performance

Shares of WOR stock opened at $54.98 on Friday. The stock’s 50-day moving average is $61.88 and its 200 day moving average is $58.75. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.24. The company has a market cap of $2.73 billion, a P/E ratio of 25.81 and a beta of 1.17.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business had revenue of $1.23 billion during the quarter. Research analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Insider Transactions at Worthington Enterprises

In other news, Director Michael J. Endres purchased 10,000 shares of the stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $52.95 per share, with a total value of $529,500.00. Following the transaction, the director owned 95,524 shares in the company, valued at $5,057,995.80. The trade was a 11.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Worthington Enterprises

Institutional investors and hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas lifted its position in shares of Worthington Enterprises by 3.6% during the second quarter. Teacher Retirement System of Texas now owns 4,930 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 173 shares in the last quarter. CWM LLC increased 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 worth $52,000 after buying an additional 204 shares during the period. VELA Investment Management LLC increased its stake in Worthington Enterprises by 0.7% during the 2nd quarter. VELA Investment Management LLC now owns 31,363 shares of the industrial products company’s stock worth $1,996,000 after buying an additional 213 shares during the period. ORG Partners LLC lifted its holdings in Worthington Enterprises by 61.0% during the 2nd quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock worth $43,000 after buying an additional 250 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Worthington Enterprises by 0.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 33,460 shares of the industrial products company’s stock valued at $2,129,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

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.