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

Worthington Enterprises, Inc. (NYSE:WOR) has received an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $61.00.

WOR has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $69.00 price target on shares of Worthington Enterprises in a research report on Thursday, March 26th.

Worthington Enterprises Stock Down 1.8%

WOR stock opened at $53.32 on Wednesday. Worthington Enterprises has a 12 month low of $45.01 and a 12 month high of $70.91. The firm has a market cap of $2.63 billion, a PE ratio of 23.70 and a beta of 1.28. The firm has a 50 day simple moving average of $52.64 and a 200 day simple moving average of $54.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 1.44.

Worthington Enterprises (NYSE:WOR) last released its 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 period in the prior year, the business earned $0.91 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. Equities research analysts forecast that Worthington Enterprises will post 3.41 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

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

Institutional Investors Weigh In On Worthington Enterprises

Several hedge funds have recently made changes to their positions in WOR. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Worthington Enterprises in the 1st quarter valued at approximately $23,824,000. Windsor Advisory Group LLC purchased a new stake in shares of Worthington Enterprises in the 3rd quarter valued at approximately $16,319,000. Keybank National Association OH purchased a new stake in shares of Worthington Enterprises in the 4th quarter valued at approximately $10,749,000. LSV Asset Management purchased a new stake in shares of Worthington Enterprises in the 4th quarter valued at approximately $10,684,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Worthington Enterprises by 67.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 481,541 shares of the industrial products company’s stock valued at $26,721,000 after acquiring an additional 193,319 shares in the last quarter. Hedge funds and other institutional investors 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.