Worthington Enterprises (NYSE:WOR) Rating Reiterated by Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR)‘s stock had its “hold” rating reiterated by equities researchers at Canaccord Genuity Group in a note issued to investors on Friday, Benzinga reports. They presently have a $46.00 target price on the industrial products company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 9.92% from the stock’s current price.

A number of other equities analysts also recently issued reports on WOR. Canaccord Genuity Group reduced their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. The Goldman Sachs Group cut their target price on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday, July 2nd. Finally, StockNews.com raised Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Worthington Enterprises Stock Up 1.9 %

Shares of NYSE WOR opened at $41.85 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 18.94 and a beta of 1.25. The stock has a 50 day moving average price of $44.52 and a 200 day moving average price of $51.35. Worthington Enterprises has a 52-week low of $36.29 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). The company had revenue of $257.31 million for the quarter, compared to analysts’ expectations of $296.05 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The firm’s quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS.

Institutional Trading of Worthington Enterprises

Several institutional investors have recently added to or reduced their stakes in WOR. Creative Planning boosted its position in Worthington Enterprises by 2.0% in the 2nd quarter. Creative Planning now owns 12,160 shares of the industrial products company’s stock valued at $576,000 after buying an additional 244 shares during the period. Comerica Bank boosted its position in Worthington Enterprises by 0.5% in the 1st quarter. Comerica Bank now owns 46,919 shares of the industrial products company’s stock valued at $2,920,000 after buying an additional 250 shares during the period. Louisiana State Employees Retirement System boosted its position in Worthington Enterprises by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the industrial products company’s stock valued at $729,000 after buying an additional 300 shares during the period. Texas Permanent School Fund Corp boosted its position in Worthington Enterprises by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,690 shares of the industrial products company’s stock valued at $1,661,000 after buying an additional 361 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Worthington Enterprises by 19.7% during the 1st quarter. SG Americas Securities LLC now owns 2,376 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 391 shares during the last quarter. 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.