Worthington Enterprises (NYSE:WOR) Stock Rating Lowered by Wall Street Zen

Worthington Enterprises (NYSE:WOR) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on WOR. The Goldman Sachs Group lifted their price objective on Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a report on Thursday, June 26th. Canaccord Genuity Group lifted their price objective on Worthington Enterprises from $69.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Worthington Enterprises Stock Up 0.1%

WOR stock opened at $64.93 on Friday. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a market cap of $3.23 billion, a PE ratio of 33.99 and a beta of 1.21. The business’s 50-day simple moving average is $62.47 and its 200 day simple moving average is $53.26. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.22. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%. The business had revenue of $317.88 million for the quarter, compared to the consensus estimate of $300.96 million. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, research analysts anticipate that Worthington Enterprises will post 2.67 earnings per share for the current year.

Institutional Investors Weigh In On Worthington Enterprises

Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in shares of Worthington Enterprises by 23.0% in the second quarter. American Century Companies Inc. now owns 1,010,730 shares of the industrial products company’s stock valued at $64,323,000 after acquiring an additional 188,783 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Worthington Enterprises by 1.1% in the second quarter. Geode Capital Management LLC now owns 733,238 shares of the industrial products company’s stock valued at $46,670,000 after acquiring an additional 8,293 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Worthington Enterprises by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 540,040 shares of the industrial products company’s stock valued at $27,051,000 after acquiring an additional 6,764 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Worthington Enterprises by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 408,990 shares of the industrial products company’s stock valued at $26,028,000 after acquiring an additional 3,248 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Worthington Enterprises by 7.4% in the fourth quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company’s stock valued at $15,276,000 after acquiring an additional 26,178 shares during the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

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.