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

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $61.00.

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Monday, April 20th. Wall Street Zen raised shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $69.00 target price on shares of Worthington Enterprises in a research report on Thursday, March 26th.

Worthington Enterprises Trading Up 2.3%

NYSE WOR opened at $60.39 on Friday. Worthington Enterprises has a 12 month low of $45.01 and a 12 month high of $70.91. The company has a 50-day moving average of $55.91 and a 200-day moving average of $54.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 1.44. The company has a market cap of $2.97 billion, a P/E ratio of 26.84 and a beta of 1.28.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $378.68 million during the quarter, compared to the consensus estimate of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. As a group, equities analysts predict that Worthington Enterprises will post 3.41 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is 33.78%.

Institutional Trading of Worthington Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC increased its position in Worthington Enterprises by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 189 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Worthington Enterprises by 61.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 199 shares during the period. State of Alaska Department of Revenue boosted its holdings in Worthington Enterprises by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock worth $999,000 after acquiring an additional 240 shares during the period. Parallel Advisors LLC boosted its holdings in Worthington Enterprises by 57.3% in the 1st quarter. Parallel Advisors LLC now owns 722 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 263 shares during the period. Finally, Sei Investments Co. boosted its holdings in Worthington Enterprises by 6.1% in the 1st quarter. Sei Investments Co. now owns 4,601 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 264 shares during the period. Institutional investors and hedge funds 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.