Worthington Enterprises’ (WOR) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of Worthington Enterprises (NYSE:WOR) in a research report sent to investors on Friday,Weiss Ratings reports.

A number of other brokerages have also weighed in on WOR. Wall Street Zen lowered Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. Zacks Research lowered Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. CJS Securities raised Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a research note on Wednesday, September 24th. Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Finally, The Goldman Sachs Group increased 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Worthington Enterprises presently has an average rating of “Moderate Buy” and a consensus price target of $62.33.

Worthington Enterprises Trading Up 1.7%

WOR stock opened at $58.73 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.24. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $70.91. The business has a 50 day simple moving average of $60.49 and a two-hundred day simple moving average of $59.39. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 27.57 and a beta of 1.17.

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

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. Worthington Enterprises’s payout ratio is currently 35.68%.

Insiders Place Their Bets

In other news, Director Michael J. Endres acquired 10,000 shares of Worthington Enterprises stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $52.95 per share, with a total value of $529,500.00. Following the transaction, the director directly owned 95,524 shares of the company’s stock, valued at $5,057,995.80. This trade represents a 11.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in Worthington Enterprises during the 1st quarter valued at $256,000. GAMMA Investing LLC lifted its position in shares of Worthington Enterprises by 77.2% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 716 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Worthington Enterprises by 44.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 8,794 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 2,704 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Worthington Enterprises during the first quarter valued at $226,000. Finally, Nuveen LLC bought a new position in shares of Worthington Enterprises in the first quarter worth about $4,082,000. Institutional investors 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.