Canaccord Genuity Group Issues Positive Forecast for Worthington Enterprises (NYSE:WOR) Stock Price

Worthington Enterprises (NYSE:WOR) had its target price hoisted by equities research analysts at Canaccord Genuity Group from $67.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Canaccord Genuity Group’s price target points to a potential upside of 24.48% from the stock’s previous close.

WOR has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Friday, July 17th. Wall Street Zen downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $60.25 on Thursday. The company has a market cap of $2.95 billion, a P/E ratio of 18.11 and a beta of 1.30. The firm has a fifty day moving average price of $57.64 and a 200 day moving average price of $55.52. The company has a current ratio of 2.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. Worthington Enterprises has a 12 month low of $45.01 and a 12 month high of $67.54.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Worthington Enterprises had a return on equity of 16.92% and a net margin of 11.50%.The company had revenue of $343.89 million during the quarter, compared to the consensus estimate of $331.26 million. During the same period in the previous year, the business earned $0.74 EPS. Worthington Enterprises’s revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts predict that Worthington Enterprises will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder John McConnell sold 41,704 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $55.85, for a total transaction of $2,329,168.40. Following the completion of the sale, the insider directly owned 1,335,648 shares of the company’s stock, valued at $74,595,940.80. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Worthington Enterprises

Several large investors have recently made changes to their positions in WOR. Security National Bank of SO Dak acquired a new position in shares of Worthington Enterprises during the second quarter worth about $177,000. WINTON GROUP Ltd purchased a new stake in Worthington Enterprises during the 2nd quarter worth $308,000. Nykredit A S purchased a new position in Worthington Enterprises in the 2nd quarter valued at about $30,000. VELA Investment Management LLC lifted its stake in shares of Worthington Enterprises by 5.1% in the second quarter. VELA Investment Management LLC now owns 222,561 shares of the industrial products company’s stock worth $11,965,000 after acquiring an additional 10,760 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Worthington Enterprises during the 2nd quarter worth approximately $1,115,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises News Roundup

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Quarterly earnings beat expectations. Worthington reported fiscal Q1 EPS of $0.82, above the $0.75 analyst consensus and up from $0.74 a year earlier. Revenue increased 13.2% year over year to $343.89 million, exceeding expectations of $331.26 million. Worthington Enterprises Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Data-center demand is an important growth catalyst. Management expects ASME tank revenue to grow sequentially, with liquid-cooling applications for data centers potentially representing a market many times larger than the company’s legacy opportunity. Bundled product offerings and customer demand could support future growth. Worthington expects ASME tank revenue to grow sequentially
• Positive Sentiment: Cash flow and shareholder returns supported sentiment. Coverage cited a cash-flow improvement alongside the earnings release, and Worthington declared a quarterly dividend of $0.20 per share, payable December 29 to shareholders of record December 15. The indicated annual dividend yield is approximately 1.3%. Worthington Enterprises Declares Quarterly Dividend
• Neutral Sentiment: Analyst commentary is constructive but valuation-sensitive. One review maintained a cautious Buy view, citing WOR’s long-term bullish technical trend and data-center prospects, but favored buying on pullbacks. Rising steel prices and longer lead times remain factors investors will monitor. Worthington Enterprises After Q1 Earnings

About Worthington Enterprises

Worthington Enterprises, Inc (NYSE: WOR) is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.