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

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been given a consensus rating of “Moderate Buy” by the four research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $59.00.

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Thursday, June 26th. Wall Street Zen downgraded Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Canaccord Genuity Group upped their target price on Worthington Enterprises from $69.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 26th.

Institutional Trading of Worthington Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board lifted its position in shares of Worthington Enterprises by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 105,618 shares of the industrial products company’s stock worth $6,722,000 after buying an additional 7,262 shares during the last quarter. Security National Bank of SO Dak bought a new stake in shares of Worthington Enterprises during the 2nd quarter worth $210,000. Corient Private Wealth LLC lifted its position in shares of Worthington Enterprises by 100.0% during the 2nd quarter. Corient Private Wealth LLC now owns 26,196 shares of the industrial products company’s stock worth $1,667,000 after buying an additional 13,098 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Worthington Enterprises during the 2nd quarter worth $354,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Worthington Enterprises during the 2nd quarter worth $277,000. 51.59% of the stock is currently owned by institutional investors.

Worthington Enterprises Stock Performance

Shares of NYSE WOR opened at $64.93 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. The stock’s fifty day moving average price is $62.47 and its two-hundred day moving average price is $53.41. Worthington Enterprises has a one year low of $37.88 and a one year high of $70.91. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 33.99 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, beating 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 firm had revenue of $317.88 million for the quarter, compared to analyst estimates of $300.96 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts forecast that Worthington Enterprises will post 2.67 EPS for the current year.

Worthington Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.19 per share. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. Worthington Enterprises’s dividend payout ratio is currently 35.60%.

About Worthington Enterprises

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.