Worthington Enterprises (NYSE:WOR) PT Lowered to $43.00

Worthington Enterprises (NYSE:WOR) had its target price lowered by investment analysts at The Goldman Sachs Group from $56.00 to $43.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “sell” rating on the industrial products company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 6.93% from the company’s previous close.

WOR has been the topic of several other research reports. StockNews.com cut Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. Canaccord Genuity Group dropped their target price on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, Worthington Enterprises currently has an average rating of “Hold” and an average target price of $50.33.

Worthington Enterprises Stock Up 2.3 %

Shares of NYSE:WOR opened at $46.20 on Tuesday. Worthington Enterprises has a 52-week low of $36.29 and a 52-week high of $69.96. The stock has a market cap of $2.31 billion, a P/E ratio of 20.90 and a beta of 1.29. The business’s 50 day moving average is $54.77 and its 200 day moving average is $57.71. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Wednesday, June 26th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.14). Worthington Enterprises had a return on equity of 15.57% and a net margin of 3.79%. The firm had revenue of $318.80 million during the quarter, compared to the consensus estimate of $352.82 million. During the same period last year, the company earned $2.74 EPS. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the sale, the director now owns 40,688 shares of the company’s stock, valued at approximately $2,495,801.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 38.50% of the company’s stock.

Institutional Trading of Worthington Enterprises

A number of institutional investors have recently made changes to their positions in WOR. Millburn Ridgefield Corp boosted its position in shares of Worthington Enterprises by 55.7% in the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Worthington Enterprises in the 1st quarter worth $38,000. GAMMA Investing LLC purchased a new position in Worthington Enterprises in the 4th quarter worth $53,000. Neo Ivy Capital Management purchased a new position in Worthington Enterprises in the 4th quarter worth $81,000. Finally, TFO Wealth Partners LLC raised its stake in Worthington Enterprises by 60,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,824 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 1,821 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Company Profile

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.