Worthington Enterprises (NYSE:WOR) PT Lowered to $46.00 at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR) had its target price lowered by Canaccord Genuity Group from $52.00 to $46.00 in a report published on Thursday morning, Briefing.com reports. Canaccord Genuity Group currently has a hold rating on the industrial products company’s stock.

A number of other equities analysts have also recently issued reports on WOR. StockNews.com raised shares of Worthington Enterprises from a sell rating to a hold rating in a research report on Wednesday. Canaccord Genuity Group cut their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a hold rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price target on shares of Worthington Enterprises from $56.00 to $43.00 and set a sell rating on the stock in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $45.00.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $40.83 on Thursday. The company has a market cap of $2.05 billion, a P/E ratio of 18.48 and a beta of 1.25. The business has a 50-day moving average price of $45.35 and a two-hundred day moving average price of $52.17. The company has a current ratio of 3.78, a quick ratio of 2.86 and a debt-to-equity ratio of 0.33. Worthington Enterprises has a 1-year low of $36.29 and a 1-year high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). The company had revenue of $257.31 million for the quarter, compared to the consensus estimate of $296.05 million. Worthington Enterprises had a return on equity of 11.40% and a net margin of 1.96%. Worthington Enterprises’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period last year, the company earned $2.06 EPS.

Hedge Funds Weigh In On Worthington Enterprises

Several large investors have recently added to or reduced their stakes in WOR. New York State Teachers Retirement System lifted its position in shares of Worthington Enterprises by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 57,557 shares of the industrial products company’s stock worth $3,582,000 after buying an additional 200 shares in the last quarter. Creative Planning increased its stake in shares of Worthington Enterprises by 2.0% during the 2nd quarter. Creative Planning now owns 12,160 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 244 shares during the last quarter. Comerica Bank increased its stake in shares of Worthington Enterprises by 0.5% during the 1st quarter. Comerica Bank now owns 46,919 shares of the industrial products company’s stock worth $2,920,000 after purchasing an additional 250 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Worthington Enterprises by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the industrial products company’s stock worth $729,000 after purchasing an additional 300 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of Worthington Enterprises by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,690 shares of the industrial products company’s stock worth $1,661,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

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.