Worthington Enterprises (NYSE:WOR) Price Target Raised to $64.00 at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR) had its price objective lifted by Canaccord Genuity Group from $56.00 to $64.00 in a research note released on Monday morning, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the industrial products company’s stock.

WOR has been the topic of a number of other research reports. StockNews.com lowered Worthington Enterprises from a buy rating to a hold rating in a report on Friday, March 22nd. TheStreet raised Worthington Enterprises from a c+ rating to a b rating in a research report on Monday, December 4th. The Goldman Sachs Group boosted their price target on Worthington Enterprises from $50.00 to $56.00 and gave the company a sell rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group started coverage on shares of Worthington Enterprises in a report on Tuesday, January 30th. They set a hold rating and a $56.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $61.00.

Worthington Enterprises Trading Up 0.4 %

NYSE WOR opened at $62.22 on Monday. Worthington Enterprises has a one year low of $33.96 and a one year high of $69.96. The firm has a 50 day simple moving average of $60.76 and a 200-day simple moving average of $60.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 11.37 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.44). The company had revenue of $316.76 million during the quarter, compared to analysts’ expectations of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share.

Insider Activity

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares in the company, valued at $4,928,035.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 38.50% of the company’s stock.

Institutional Trading of Worthington Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacifica Partners Inc. bought a new position in Worthington Enterprises in the 3rd quarter worth $30,000. Headlands Technologies LLC bought a new position in shares of Worthington Enterprises in the third quarter valued at approximately $31,000. Millburn Ridgefield Corp increased its stake in shares of Worthington Enterprises by 55.7% in the fourth quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock valued at $33,000 after buying an additional 206 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Worthington Enterprises during the third quarter worth approximately $35,000. Finally, GAMMA Investing LLC bought a new position in Worthington Enterprises in the 4th quarter valued at $53,000. Institutional investors and hedge funds 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.