Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Target Price at $46.00

Worthington Enterprises, Inc. (NYSE:WOR) has been assigned a consensus rating of “Hold” from the four brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $47.67.

Several analysts have recently issued reports on WOR shares. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday.

Hedge Funds Weigh In On Worthington Enterprises

Several large investors have recently added to or reduced their stakes in WOR. Pacer Advisors Inc. grew its holdings in Worthington Enterprises by 9.7% in the 4th 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 period. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 25,824 shares during the period. American Century Companies Inc. increased its position in Worthington Enterprises by 11.5% during the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company’s stock worth $26,559,000 after purchasing an additional 68,363 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Worthington Enterprises by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock worth $21,390,000 after purchasing an additional 39,996 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Worthington Enterprises by 3.6% in the 4th 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 purchasing an additional 14,328 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $51.67 on Friday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.59 billion, a P/E ratio of 62.25 and a beta of 1.21. The firm has a 50-day moving average price of $42.22 and a two-hundred day moving average price of $41.45. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $62.86.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period in the previous year, the firm posted $0.80 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts expect that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Worthington Enterprises’s dividend payout ratio is currently 57.63%.

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.