Worthington Enterprises, Inc. (NYSE:WOR) Receives $46.00 Average PT from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WORGet Free Report) have been given an average recommendation of “Hold” by the four brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $46.00.

WOR has been the subject of a number of research reports. Canaccord Genuity Group lifted their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th.

Check Out Our Latest Stock Report on WOR

Hedge Funds Weigh In On Worthington Enterprises

Several institutional investors have recently modified their holdings of WOR. Pacer Advisors Inc. grew its position in shares of Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock worth $71,032,000 after buying an additional 156,762 shares during the period. Fisher Asset Management LLC grew its position in shares of Worthington Enterprises by 187.9% in the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock valued at $8,114,000 after purchasing an additional 132,040 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Worthington Enterprises in the 3rd quarter valued at approximately $3,663,000. JPMorgan Chase & Co. grew its position in shares of Worthington Enterprises by 90.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock valued at $5,725,000 after purchasing an additional 65,685 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Worthington Enterprises in the 3rd quarter valued at approximately $1,764,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Price Performance

Shares of WOR stock opened at $42.41 on Thursday. The stock has a 50-day moving average price of $40.91 and a 200 day moving average price of $42.32. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 51.09 and a beta of 1.24. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $69.96.

Worthington Enterprises (NYSE:WORGet Free Report) last announced its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $274.05 million during the quarter, compared to analyst estimates of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company’s revenue was down 8.1% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. Research analysts expect that Worthington Enterprises will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.60%. Worthington Enterprises’s payout ratio is currently 81.93%.

About Worthington Enterprises

(Get Free Report

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.

See Also

Receive News & Ratings for Worthington Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.