Worthington Enterprises (NYSE:WOR) Stock Price Down 5.9% – Here’s Why

Worthington Enterprises, Inc. (NYSE:WOR) traded down 5.9% on Wednesday . The company traded as low as $47.51 and last traded at $48.8330. 91,836 shares were traded during mid-day trading, a decline of 47% from the average session volume of 173,899 shares. The stock had previously closed at $51.88.

Key Headlines Impacting Worthington Enterprises

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Q3 results: Worthington reported EPS of $0.98, beating consensus (~$0.95–$0.96), with revenue of $378.7M (up ~24.4% YoY) and above estimates — confirms solid top- and bottom-line performance. Read More.
• Positive Sentiment: Dividend: Board declared a $0.19 quarterly dividend payable June 29 (record June 15), implying a ~1.6% yield — supports income-focused investors and signals cash-return commitment. Read More.
• Neutral Sentiment: Investor materials: Company posted the press release, slide deck and conference call for the quarter — useful for evaluating management commentary and guidance. Read More.
• Negative Sentiment: Market reaction: Several outlets reported the stock fell despite the beat; the sell-off suggests investors were disappointed by commentary or forward signals in the release/conference call. Read More.
• Negative Sentiment: Investor concerns: Pre- and post-earnings coverage highlighted worries about consumer-demand trends and macro pressures that may have weighed on sentiment even after a strong quarter. Read More.

Analysts Set New Price Targets

Several research analysts recently weighed in on WOR shares. Wall Street Zen upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group lowered their price objective on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and a consensus target price of $61.00.

Worthington Enterprises Trading Down 9.7%

The company has a quick ratio of 2.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $54.00 and its 200-day moving average is $55.20. The company has a market cap of $2.32 billion, a PE ratio of 21.85 and a beta of 1.32.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.The company had revenue of $378.68 million for the quarter, compared to analyst estimates of $349.41 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.6%. Worthington Enterprises’s dividend payout ratio is presently 35.85%.

Institutional Investors Weigh In On Worthington Enterprises

A number of large investors have recently made changes to their positions in WOR. Rockefeller Capital Management L.P. increased its position in shares of Worthington Enterprises by 823.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 675 shares during the period. Corient Private Wealth LLC lifted its position in Worthington Enterprises by 21.3% during the 4th quarter. Corient Private Wealth LLC now owns 12,190 shares of the industrial products company’s stock worth $629,000 after acquiring an additional 2,138 shares during the period. Mariner Investment Group LLC acquired a new stake in Worthington Enterprises during the 4th quarter worth about $216,000. Mercer Global Advisors Inc. ADV purchased a new stake in Worthington Enterprises during the 4th quarter valued at about $240,000. Finally, Summit Global Investments acquired a new position in shares of Worthington Enterprises in the fourth quarter valued at about $963,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

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.