Worthington Enterprises (NYSE:WOR) Upgraded at StockNews.com

StockNews.com upgraded shares of Worthington Enterprises (NYSE:WOR) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other equities research analysts have also recently commented on WOR. Canaccord Genuity Group cut their price target on Worthington Enterprises from $64.00 to $52.00 and set a hold rating for the company in a research note on Thursday, June 27th. The Goldman Sachs Group dropped their price objective on shares of Worthington Enterprises from $56.00 to $43.00 and set a sell rating on the stock in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, Worthington Enterprises presently has an average rating of Hold and a consensus price target of $45.00.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $40.83 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 18.48 and a beta of 1.25. Worthington Enterprises has a 12 month low of $36.29 and a 12 month high of $69.96. The firm’s fifty day simple moving average is $45.35 and its 200-day simple moving average is $52.17.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share (EPS) 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 11.40% and a net margin of 1.96%. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new position in shares of Worthington Enterprises during the 4th quarter worth $204,000. Norges Bank purchased a new position in Worthington Enterprises in the fourth quarter valued at about $19,073,000. TFO Wealth Partners LLC increased its holdings 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 buying an additional 1,821 shares in the last quarter. Capital International Investors acquired a new stake in shares of Worthington Enterprises during the 4th quarter valued at approximately $26,329,000. Finally, Quantedge Capital Pte Ltd purchased a new stake in shares of Worthington Enterprises during the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors 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.