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

Worthington Enterprises, Inc. (NYSE:WOR) has received an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $61.00.

A number of research firms recently weighed in on WOR. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Wall Street Zen lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $69.00 price objective on shares of Worthington Enterprises in a research note on Thursday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Worthington Enterprises by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,753,434 shares of the industrial products company’s stock valued at $208,278,000 after purchasing an additional 15,894 shares during the period. Geode Capital Management LLC boosted its holdings in Worthington Enterprises by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 768,013 shares of the industrial products company’s stock valued at $39,613,000 after purchasing an additional 4,745 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Worthington Enterprises by 67.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 481,541 shares of the industrial products company’s stock valued at $26,721,000 after purchasing an additional 193,319 shares during the period. Windsor Advisory Group LLC boosted its holdings in Worthington Enterprises by 23.5% in the 1st quarter. Windsor Advisory Group LLC now owns 459,633 shares of the industrial products company’s stock valued at $23,965,000 after purchasing an additional 87,351 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Worthington Enterprises in the 1st quarter valued at $23,824,000. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Stock Up 1.1%

Worthington Enterprises stock opened at $55.72 on Wednesday. Worthington Enterprises has a 1-year low of $45.01 and a 1-year high of $70.91. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 24.76 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $53.29 and a 200 day simple moving average of $54.06.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The business had revenue of $378.68 million during the quarter, compared to analyst estimates of $349.41 million. During the same period in the previous year, the business earned $0.91 EPS. Worthington Enterprises’s revenue was up 24.4% compared to the same quarter last year. On average, analysts predict that Worthington Enterprises will post 3.41 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, June 15th. Worthington Enterprises’s payout ratio is currently 33.78%.

About Worthington Enterprises

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.