Worthington Enterprises (NYSE:WOR) Given New $46.00 Price Target at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR) had its price target decreased by Canaccord Genuity Group from $52.00 to $46.00 in a report published on Thursday, Briefing.com reports. Canaccord Genuity Group currently has a hold rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on WOR. Canaccord Genuity Group reduced their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a hold rating for the company in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of Worthington Enterprises from $56.00 to $43.00 and set a sell rating for the company in a research note on Tuesday, July 2nd. Finally, StockNews.com upgraded shares of Worthington Enterprises from a sell rating to a hold rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $45.00.

Worthington Enterprises Trading Up 1.9 %

Shares of WOR stock opened at $40.83 on Thursday. The company has a 50 day moving average of $45.35 and a 200-day moving average of $52.17. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. Worthington Enterprises has a 12-month low of $36.29 and a 12-month high of $69.96. The firm has a market cap of $2.05 billion, a P/E ratio of 18.48 and a beta of 1.25.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). Worthington Enterprises had a net margin of 1.96% and a return on equity of 11.40%. The business had revenue of $257.31 million during the quarter, compared to analysts’ expectations of $296.05 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The firm’s quarterly revenue was down 17.5% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of Worthington Enterprises during the 1st quarter worth $38,000. Itau Unibanco Holding S.A. bought a new stake in shares of Worthington Enterprises during the 2nd quarter worth $57,000. Neo Ivy Capital Management bought a new stake in shares of Worthington Enterprises during the 4th quarter worth $81,000. EntryPoint Capital LLC lifted its stake in Worthington Enterprises by 255.3% in the first quarter. EntryPoint Capital LLC now owns 1,723 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,238 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in Worthington Enterprises by 60,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,824 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 1,821 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

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.