Worthington Enterprises, Inc. (NYSE:WOR – Get Free Report) declared a quarterly dividend on Tuesday, June 25th, NASDAQ reports. Investors of record on Friday, September 13th will be paid a dividend of 0.17 per share by the industrial products company on Friday, September 27th. This represents a $0.68 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, September 13th. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.16.
Worthington Enterprises has raised its dividend payment by an average of 8.7% per year over the last three years. Worthington Enterprises has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings.
Worthington Enterprises Trading Down 1.7 %
Worthington Enterprises stock traded down $0.73 during trading on Wednesday, reaching $41.96. 23,657 shares of the company were exchanged, compared to its average volume of 273,975. Worthington Enterprises has a 52-week low of $36.29 and a 52-week high of $69.96. The company has a market capitalization of $2.10 billion, a P/E ratio of 18.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. The stock’s 50 day simple moving average is $45.98 and its two-hundred day simple moving average is $53.70.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on WOR. StockNews.com cut Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. The Goldman Sachs Group dropped their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research note on Tuesday, July 2nd. Finally, Canaccord Genuity Group dropped their price objective on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, Worthington Enterprises presently has an average rating of “Hold” and a consensus target price of $50.33.
Read Our Latest Stock Report on Worthington Enterprises
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.
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