Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Price Target at $61.00

Worthington Enterprises, Inc. (NYSE:WOR) has received an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $61.00.

A number of equities research analysts recently issued reports on WOR shares. Wall Street Zen lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Canaccord Genuity Group reissued a “buy” rating and issued a $69.00 target price on shares of Worthington Enterprises in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Monday, April 20th.

Worthington Enterprises Stock Up 1.2%

Shares of Worthington Enterprises stock opened at $55.83 on Friday. The business’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $54.28. Worthington Enterprises has a 52-week low of $45.01 and a 52-week high of $70.91. The firm has a market cap of $2.75 billion, a PE ratio of 24.82 and a beta of 1.32. 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 (NYSE:WOR) last announced its earnings results 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. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The business had revenue of $378.68 million for the quarter, compared to analyst estimates of $349.41 million. During the same quarter last year, the firm earned $0.91 EPS. Worthington Enterprises’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, analysts predict that Worthington Enterprises will post 3.41 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. Worthington Enterprises’s payout ratio is 33.78%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its position in shares of Worthington Enterprises by 872.0% during the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 436 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of 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. McMillan Office Inc. acquired a new position in shares of Worthington Enterprises during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in shares of Worthington Enterprises by 81.3% during the 4th quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 304 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Worthington Enterprises by 823.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 675 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

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.