Worthington Enterprises, Inc. (NYSE:WOR) Receives Consensus Rating of “Hold” from Brokerages

Worthington Enterprises, Inc. (NYSE:WOR) has been assigned a consensus rating of “Hold” from the four analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.00.

A number of research analysts have issued reports on the company. Canaccord Genuity Group lifted their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in shares of Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after buying an additional 156,762 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock valued at $33,739,000 after buying an additional 25,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Worthington Enterprises by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company’s stock valued at $20,446,000 after buying an additional 18,480 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Worthington Enterprises by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company’s stock valued at $16,627,000 after buying an additional 14,328 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Worthington Enterprises by 187.9% in the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock valued at $8,114,000 after buying an additional 132,040 shares during the last quarter. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Stock Up 0.9 %

WOR stock opened at $42.41 on Thursday. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $69.96. The company has a market cap of $2.12 billion, a PE ratio of 51.09 and a beta of 1.24. The business’s 50-day simple moving average is $40.91 and its 200 day simple moving average is $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.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. During the same period last year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, research analysts anticipate that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

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

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.