Worthington Enterprises, Inc. (NYSE:WOR) Receives $58.00 Average PT from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received an average recommendation of “Reduce” from the three brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $50.33.

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a report on Thursday, June 27th. The Goldman Sachs Group dropped their target price on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $46.20 on Friday. The company has a current ratio of 3.78, a quick ratio of 2.86 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.31 billion, a PE ratio of 20.90 and a beta of 1.28. The company’s fifty day simple moving average is $54.54 and its 200-day simple moving average is $57.63. Worthington Enterprises has a 52 week low of $36.29 and a 52 week high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, June 26th. The industrial products company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.14). Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The company had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $352.82 million. During the same period last year, the business earned $2.74 earnings per share. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Institutional Investors Weigh In On Worthington Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Worthington Enterprises by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock worth $224,548,000 after purchasing an additional 242,833 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Worthington Enterprises by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,448,876 shares of the industrial products company’s stock worth $140,934,000 after acquiring an additional 125,592 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Worthington Enterprises by 67,348.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock valued at $128,017,000 after acquiring an additional 2,221,154 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Worthington Enterprises by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,150 shares of the industrial products company’s stock valued at $27,518,000 after acquiring an additional 8,108 shares in the last quarter. Finally, Capital International Investors bought a new position in Worthington Enterprises during the fourth quarter worth $26,329,000. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.