Worthington Enterprises, Inc. (NYSE:WOR) Given Average Recommendation of “Reduce” by Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have earned an average recommendation of “Reduce” from the three research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $46.00.

Separately, Canaccord Genuity Group upped their price target on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WOR. Creative Planning grew its stake in Worthington Enterprises by 2.0% during the second quarter. Creative Planning now owns 12,160 shares of the industrial products company’s stock worth $576,000 after buying an additional 244 shares in the last quarter. KBC Group NV increased its stake in Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 353 shares during the last quarter. Hsbc Holdings PLC raised its position in Worthington Enterprises by 10.9% during the second quarter. Hsbc Holdings PLC now owns 4,531 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 445 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Worthington Enterprises by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 17,718 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 462 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Worthington Enterprises by 7.5% in the 3rd quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company’s stock valued at $751,000 after purchasing an additional 1,293 shares in the last quarter. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR traded up $2.81 during trading on Thursday, reaching $44.15. 32,226 shares of the stock were exchanged, compared to its average volume of 248,801. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $69.96. The stock has a 50-day moving average price of $40.71 and a 200-day moving average price of $42.57. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.21 billion, a PE ratio of 53.34 and a beta of 1.25.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. During the same period in the previous year, the company posted $0.78 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis.

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 81.93%.

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.