Worthington Enterprises (NYSE:WOR) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Worthington Enterprises (NYSE:WOR) in a research report released on Thursday,Benzinga reports. They currently have a $69.00 target price on the industrial products company’s stock.

WOR has been the topic of several other reports. Wall Street Zen raised shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.00.

Worthington Enterprises Stock Up 2.6%

Shares of Worthington Enterprises stock opened at $50.79 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 2.26. Worthington Enterprises has a 1 year low of $43.35 and a 1 year high of $70.91. The firm’s 50-day moving average is $53.85 and its two-hundred day moving average is $55.13. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 22.57 and a beta of 1.32.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, research analysts expect that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s dividend payout ratio (DPR) is currently 33.78%.

Hedge Funds Weigh In On Worthington Enterprises

Several hedge funds have recently modified their holdings of WOR. ProShare Advisors LLC raised its position in shares of Worthington Enterprises by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 189 shares during the last quarter. Hantz Financial Services Inc. grew its position in Worthington Enterprises by 61.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares during the last quarter. State of Alaska Department of Revenue grew its position in Worthington Enterprises by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock worth $999,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Bancorp increased its stake in Worthington Enterprises by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 267 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Worthington Enterprises by 1.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 16,463 shares of the industrial products company’s stock valued at $914,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Key Worthington Enterprises News

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Canaccord Genuity reaffirmed a “buy” rating and set a $69 price target (roughly mid‑30% upside from current levels), which likely boosted investor confidence and buying interest. Canaccord Buy Rating / Price Target
• Positive Sentiment: Q3 results showed top‑line strength and an EPS beat (revenue growth ~24% year‑over‑year and EPS above consensus), supporting the case for continued margin and earnings improvement. That beats-and-growth combination is a key driver for the rally. Q3 Earnings Growth
• Positive Sentiment: Company commentary highlights ongoing market‑share gains and expansion in data‑center solutions — a higher‑margin, growing end market — which supports revenue durability and investor expectations for future growth. Market Share Gains & Data Center Expansion
• Positive Sentiment: Worthington declared a quarterly cash dividend of $0.19 per share (annualized yield ~1.5%), with record/ex‑dividend dates in June — a modest but supportive signal for income‑oriented investors and management’s confidence in cash flow. (Payable June 29; ex‑dividend June 15.)
• Neutral Sentiment: Full earnings‑call materials and transcript are available for investors wanting detail on guidance, segment trends, and margin drivers — useful for assessing sustainability of the quarter’s performance. Earnings Call Transcript
• Neutral Sentiment: The company’s Q3 presentation provides slides and metrics investors can use to model forward performance; no new guidance surprises were reported in the summary items. Earnings Presentation

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.