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

Wall Street Zen upgraded shares of Worthington Enterprises (NYSE:WOR) from a hold rating to a buy rating in a report published on Saturday.

A number of other research firms have also weighed in on WOR. CJS Securities raised shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a research note on Wednesday, September 24th. Canaccord Genuity Group dropped their target price on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Worthington Enterprises Stock Up 0.5%

NYSE WOR opened at $53.78 on Friday. The stock’s 50-day moving average price is $54.26 and its 200-day moving average price is $58.90. 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 52 week low of $38.82 and a 52 week high of $70.91. The company has a market capitalization of $2.67 billion, a P/E ratio of 25.37 and a beta of 1.34.

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

Worthington Enterprises Announces Dividend

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

Institutional Trading of Worthington Enterprises

A number of large investors have recently added to or reduced their stakes in WOR. Teacher Retirement System of Texas boosted its position in shares of Worthington Enterprises by 3.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,930 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 173 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Worthington Enterprises by 61.0% during the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 199 shares during the last quarter. CWM LLC grew its stake in shares of Worthington Enterprises by 33.5% in 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 in the last quarter. VELA Investment Management LLC increased its holdings in shares of Worthington Enterprises by 0.7% in 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 last quarter. Finally, ORG Partners LLC increased its holdings in shares of Worthington Enterprises by 61.0% in 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 during the last quarter. Institutional investors own 51.59% of the company’s stock.

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.