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

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received a consensus recommendation of “Hold” from the four ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $46.00.

A number of research analysts recently weighed in on WOR shares. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group raised their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On Worthington Enterprises

A number of institutional investors have recently added to or reduced their stakes in WOR. Pacer Advisors Inc. increased its stake in shares of 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 worth $71,032,000 after acquiring an additional 156,762 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Worthington Enterprises by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock worth $33,739,000 after acquiring an additional 25,824 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Worthington Enterprises by 11.5% in the 4th quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company’s stock worth $26,559,000 after acquiring an additional 68,363 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Worthington Enterprises by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock worth $21,390,000 after acquiring an additional 39,996 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 worth $16,627,000 after acquiring an additional 14,328 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

NYSE WOR opened at $41.97 on Monday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $69.96. The stock has a 50-day moving average of $41.63 and a 200 day moving average of $41.78. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 50.57 and a beta of 1.24.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $274.05 million for the quarter, compared to analysts’ expectations of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. Sell-side analysts anticipate that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.17 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.62%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 81.93%.

Worthington Enterprises Company Profile

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.