Worthington Enterprises, Inc. (NYSE:WOR) Given Average Rating of “Hold” by Brokerages

Worthington Enterprises, Inc. (NYSE:WOR) has received a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $61.00.

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, January 21st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $69.00 target price on shares of Worthington Enterprises in a research report on Thursday, March 26th.

Hedge Funds Weigh In On Worthington Enterprises

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its position in shares of Worthington Enterprises by 823.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 675 shares during the period. Corient Private Wealth LLC raised its position in shares of Worthington Enterprises by 21.3% during the fourth quarter. Corient Private Wealth LLC now owns 12,190 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 2,138 shares during the period. Mariner Investment Group LLC acquired a new position in shares of Worthington Enterprises during the fourth quarter worth approximately $216,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Worthington Enterprises during the fourth quarter worth approximately $240,000. Finally, Summit Global Investments acquired a new position in shares of Worthington Enterprises during the fourth quarter worth approximately $963,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $52.07 on Tuesday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 23.14 and a beta of 1.32. Worthington Enterprises has a 52-week low of $43.35 and a 52-week high of $70.91. The stock’s 50 day moving average price is $53.65 and its two-hundred day moving average price is $54.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.44 and a current ratio of 2.36.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $378.68 million for the quarter, compared to analysts’ expectations of $349.41 million. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. On average, equities analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is presently 33.78%.

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.