Analysts Set Worthington Enterprises, Inc. (NYSE:WOR) Target Price at $61.00

Worthington Enterprises, Inc. (NYSE:WOR) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $61.00.

Several research analysts recently commented on the company. Canaccord Genuity Group cut their price target on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Finally, Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th.

Institutional Investors Weigh In On Worthington Enterprises

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of Worthington Enterprises by 872.0% during the fourth quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 436 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Worthington Enterprises by 61.0% during the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares in the last quarter. McMillan Office Inc. acquired a new stake in Worthington Enterprises during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in Worthington Enterprises by 693.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after buying an additional 541 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Worthington Enterprises by 81.3% in the 4th quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $51.06 on Friday. Worthington Enterprises has a 12-month low of $39.05 and a 12-month high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.26. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 24.08 and a beta of 1.32. The firm’s fifty day moving average price is $54.89 and its 200 day moving average price is $56.64.

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

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 13th. Worthington Enterprises’s dividend payout ratio is 35.85%.

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.