Canaccord Genuity Group Cuts Worthington Enterprises (NYSE:WOR) Price Target to $52.00

Worthington Enterprises (NYSE:WOR) had its price objective lowered by Canaccord Genuity Group from $64.00 to $52.00 in a research report report published on Thursday morning, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the industrial products company’s stock.

Several other research analysts have also weighed in on the company. The Goldman Sachs Group increased their target price on Worthington Enterprises from $50.00 to $56.00 and gave the stock a sell rating in a research report on Friday, March 22nd. StockNews.com lowered Worthington Enterprises from a hold rating to a sell rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $54.67.

Worthington Enterprises Trading Up 0.7 %

Shares of WOR opened at $47.33 on Thursday. The company has a current ratio of 3.78, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.37 billion, a P/E ratio of 21.42 and a beta of 1.35. The stock’s fifty day simple moving average is $55.55 and its 200 day simple moving average is $57.95. Worthington Enterprises has a twelve month low of $36.29 and a twelve month high of $69.96.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Wednesday, June 26th. The industrial products company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). The firm had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $352.82 million. Worthington Enterprises had a return on equity of 15.57% and a net margin of 3.79%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period last year, the business posted $2.74 earnings per share.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $61.34, for a total value of $61,340.00. Following the transaction, the director now directly owns 40,688 shares of the company’s stock, valued at $2,495,801.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 38.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Worthington Enterprises

Several large investors have recently modified their holdings of WOR. Millburn Ridgefield Corp grew its stake in Worthington Enterprises by 55.7% in the fourth quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Worthington Enterprises in the first quarter valued at approximately $38,000. GAMMA Investing LLC acquired a new position in Worthington Enterprises in the fourth quarter valued at approximately $53,000. Neo Ivy Capital Management acquired a new position in Worthington Enterprises in the fourth quarter valued at approximately $81,000. Finally, TFO Wealth Partners LLC boosted its stake in Worthington Enterprises by 60,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,824 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 1,821 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

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.