Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) PT at $62.33

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $62.3333.

WOR has been the subject of a number of research analyst reports. Canaccord Genuity Group dropped their price target on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. The Goldman Sachs Group upped their target price on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, CJS Securities upgraded shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a research note on Wednesday, September 24th.

Worthington Enterprises Price Performance

Shares of NYSE WOR opened at $55.60 on Tuesday. The business has a 50 day moving average price of $61.74 and a two-hundred day moving average price of $58.78. Worthington Enterprises has a fifty-two week low of $37.88 and a fifty-two week high of $70.91. The firm has a market cap of $2.76 billion, a PE ratio of 26.10 and a beta of 1.17. The company has a quick ratio of 2.24, a current ratio of 3.30 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The company had revenue of $1.23 billion during the quarter. Sell-side analysts expect that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be paid 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 Monday, December 15th. Worthington Enterprises’s dividend payout ratio is 35.68%.

Insider Activity

In related news, Director Michael J. Endres bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $52.95 per share, for a total transaction of $529,500.00. Following the purchase, the director owned 95,524 shares in the company, valued at $5,057,995.80. This trade represents a 11.69% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Worthington Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in Worthington Enterprises by 693.6% during the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 541 shares during the period. ORG Partners LLC raised its stake in Worthington Enterprises by 61.0% during the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 250 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Worthington Enterprises during the second quarter worth about $46,000. Quarry LP acquired a new stake in Worthington Enterprises during the first quarter worth about $49,000. Finally, CWM LLC raised its stake in Worthington Enterprises by 33.5% during the second quarter. CWM LLC now owns 813 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

About Worthington Enterprises

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.