Wall Street Zen Upgrades Worthington Enterprises (NYSE:WOR) to Buy

Worthington Enterprises (NYSE:WOR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

WOR has been the subject of a number of other research reports. CJS Securities upgraded shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research report on Wednesday, September 24th. Canaccord Genuity Group dropped their price target on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Worthington Enterprises has an average rating of “Moderate Buy” and an average price target of $61.00.

Worthington Enterprises Trading Up 0.5%

NYSE:WOR opened at $53.78 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.26. Worthington Enterprises has a fifty-two week low of $38.82 and a fifty-two week high of $70.91. The stock’s 50-day moving average is $54.26 and its two-hundred day moving average is $58.88. The stock has a market cap of $2.67 billion, a PE ratio of 25.37 and a beta of 1.34.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). The company had revenue of $327.45 million during the quarter, compared to analysts’ expectations of $310.60 million. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.Worthington Enterprises’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Worthington Enterprises

Hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its position in shares of Worthington Enterprises by 61.0% in the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Worthington Enterprises by 693.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 541 shares in the last quarter. ORG Partners LLC lifted its holdings in Worthington Enterprises by 61.0% in the 2nd quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 250 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Worthington Enterprises in the 2nd quarter worth approximately $46,000. Finally, CWM LLC boosted its position in Worthington Enterprises by 33.5% during the second quarter. CWM LLC now owns 813 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 204 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Company Profile

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.