Worthington Enterprises, Inc. (NYSE:WOR) Receives $61.00 Average Price Target from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.00.

Several brokerages have recently weighed in on WOR. Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, December 18th. CJS Securities upgraded Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Wednesday, September 24th. Wall Street Zen cut Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Worthington Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. bought a new stake in Worthington Enterprises in the third quarter valued at approximately $256,000. OmniStar Financial Group Inc. acquired a new position in shares of Worthington Enterprises during the 3rd quarter worth approximately $253,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Worthington Enterprises by 11.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 97,360 shares of the industrial products company’s stock worth $5,403,000 after acquiring an additional 9,672 shares during the last quarter. SHUTTLEWORTH & Co bought a new stake in Worthington Enterprises in the 3rd quarter valued at $226,000. Finally, Windsor Advisory Group LLC acquired a new stake in Worthington Enterprises during the 3rd quarter valued at $16,319,000. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Shares of WOR opened at $52.87 on Friday. The company has a quick ratio of 2.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. Worthington Enterprises has a twelve month low of $38.63 and a twelve month high of $70.91. The stock has a market capitalization of $2.63 billion, a P/E ratio of 24.94 and a beta of 1.33. The company has a 50 day moving average of $55.20 and a 200-day moving average of $59.47.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.06). The business had revenue of $327.45 million for the quarter, compared to analyst estimates of $310.60 million. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities research analysts forecast that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Worthington Enterprises’s dividend payout ratio (DPR) is 35.85%.

Worthington Enterprises Company Profile

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.