Canaccord Genuity Group Forecasts Strong Price Appreciation for Worthington Enterprises (NYSE:WOR) Stock

Worthington Enterprises (NYSE:WOR) had its price objective lifted by Canaccord Genuity Group from $67.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 24.48% from the stock’s previous close.

WOR has been the subject of several other reports. Wall Street Zen cut Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Worthington Enterprises has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Worthington Enterprises Trading Up 0.9%

Shares of WOR stock opened at $60.25 on Thursday. The stock has a 50 day simple moving average of $57.64 and a 200-day simple moving average of $55.52. Worthington Enterprises has a 1-year low of $45.01 and a 1-year high of $67.54. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 18.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.37 and a quick ratio of 1.43.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Worthington Enterprises had a net margin of 11.50% and a return on equity of 16.92%. The firm had revenue of $343.89 million for the quarter, compared to analyst estimates of $331.26 million. During the same period last year, the company posted $0.74 EPS. Worthington Enterprises’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Worthington Enterprises will post 3.75 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder John McConnell sold 17,625 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $53.04, for a total transaction of $934,830.00. Following the sale, the insider owned 1,335,648 shares of the company’s stock, valued at approximately $70,842,769.92. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Worthington Enterprises

A number of hedge funds have recently added to or reduced their stakes in WOR. BlackRock Inc. acquired a new position in shares of Worthington Enterprises in the second quarter worth $283,372,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Worthington Enterprises in the first quarter valued at $23,824,000. Windsor Advisory Group LLC purchased a new position in Worthington Enterprises in the second quarter valued at $20,945,000. Bank of New York Mellon Corp acquired a new position in Worthington Enterprises during the 2nd quarter worth $18,376,000. Finally, Bank of America Corp DE acquired a new position in Worthington Enterprises during the 2nd quarter worth $10,939,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Worthington Enterprises

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Quarterly earnings beat expectations. Worthington reported fiscal Q1 EPS of $0.82, above the $0.75 analyst consensus and up from $0.74 a year earlier. Revenue increased 13.2% year over year to $343.89 million, exceeding expectations of $331.26 million. Worthington Enterprises Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Data-center demand is an important growth catalyst. Management expects ASME tank revenue to grow sequentially, with liquid-cooling applications for data centers potentially representing a market many times larger than the company’s legacy opportunity. Bundled product offerings and customer demand could support future growth. Worthington expects ASME tank revenue to grow sequentially
• Positive Sentiment: Cash flow and shareholder returns supported sentiment. Coverage cited a cash-flow improvement alongside the earnings release, and Worthington declared a quarterly dividend of $0.20 per share, payable December 29 to shareholders of record December 15. The indicated annual dividend yield is approximately 1.3%. Worthington Enterprises Declares Quarterly Dividend
• Neutral Sentiment: Analyst commentary is constructive but valuation-sensitive. One review maintained a cautious Buy view, citing WOR’s long-term bullish technical trend and data-center prospects, but favored buying on pullbacks. Rising steel prices and longer lead times remain factors investors will monitor. Worthington Enterprises After Q1 Earnings

Worthington Enterprises Company Profile

Worthington Enterprises, Inc (NYSE: WOR) is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.