Worthington Enterprises, Inc. (NYSE:WOR) Receives Average Rating of “Hold” from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $61.00.

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Finally, Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $52.09 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 24.57 and a beta of 1.32. Worthington Enterprises has a 1-year low of $39.05 and a 1-year high of $70.91. The company has a current ratio of 3.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $54.93 and its 200-day simple moving average is $56.86.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). The company had revenue of $327.45 million during the quarter, compared to analysts’ expectations of $310.60 million. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.Worthington Enterprises’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, sell-side analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.5%. Worthington Enterprises’s dividend payout ratio is currently 35.85%.

Institutional Trading of Worthington Enterprises

Several large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its stake in shares of Worthington Enterprises by 3.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,930 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 173 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Worthington Enterprises by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 189 shares in the last quarter. Hantz Financial Services Inc. increased its position in Worthington Enterprises by 61.0% during the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Worthington Enterprises by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock valued at $999,000 after buying an additional 240 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Worthington Enterprises by 2.0% during the third quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock valued at $752,000 after buying an additional 267 shares in the last quarter. 51.59% of the stock is owned by institutional investors.

About Worthington Enterprises

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.