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

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been assigned a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.00.

A number of research analysts recently issued reports on WOR shares. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. Canaccord Genuity Group restated a “buy” rating and set a $69.00 price objective on shares of Worthington Enterprises in a report on Thursday, March 26th. Finally, Wall Street Zen upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, June 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WOR. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Worthington Enterprises in the first quarter valued at approximately $23,824,000. Windsor Advisory Group LLC acquired a new position in shares of Worthington Enterprises in the third quarter valued at approximately $16,319,000. Keybank National Association OH acquired a new position in shares of Worthington Enterprises in the fourth quarter valued at approximately $10,749,000. LSV Asset Management acquired a new position in Worthington Enterprises during the fourth quarter worth $10,684,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Worthington Enterprises by 67.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 481,541 shares of the industrial products company’s stock worth $26,721,000 after purchasing an additional 193,319 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Down 0.0%

Shares of NYSE WOR opened at $60.39 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 26.84 and a beta of 1.28. The firm has a 50 day moving average price of $56.02 and a 200 day moving average price of $54.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.44 and a current ratio of 2.36. Worthington Enterprises has a 52-week low of $45.01 and a 52-week high of $70.91.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $378.68 million during the quarter, compared to analysts’ expectations of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. Analysts expect that Worthington Enterprises will post 3.41 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. Stockholders of record on Monday, June 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is 33.78%.

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.