Worthington Enterprises, Inc. (NYSE:WOR) Receives $61.00 Consensus Target Price from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $61.00.

WOR has been the topic of a number of analyst reports. CJS Securities raised Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a report on Wednesday, September 24th. Canaccord Genuity Group reduced their price target on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday.

Worthington Enterprises Stock Performance

Shares of WOR opened at $52.91 on Friday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 24.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.26 and a current ratio of 3.26. Worthington Enterprises has a 1 year low of $38.63 and a 1 year high of $70.91. The company’s fifty day moving average is $55.13 and its two-hundred day moving average is $59.41.

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

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, March 13th. Worthington Enterprises’s dividend payout ratio (DPR) is currently 35.85%.

Institutional Trading of Worthington Enterprises

A number of institutional investors have recently added to or reduced their stakes in WOR. Vanguard Group Inc. increased its holdings in Worthington Enterprises by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,753,434 shares of the industrial products company’s stock valued at $208,278,000 after buying an additional 15,894 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Worthington Enterprises by 23.0% in the 2nd quarter. American Century Companies Inc. now owns 1,010,730 shares of the industrial products company’s stock worth $64,323,000 after acquiring an additional 188,783 shares during the period. Geode Capital Management LLC grew its holdings in shares of Worthington Enterprises by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 733,238 shares of the industrial products company’s stock worth $46,670,000 after acquiring an additional 8,293 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in 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 purchasing an additional 193,319 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Worthington Enterprises by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 408,990 shares of the industrial products company’s stock worth $26,028,000 after purchasing an additional 3,248 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

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.