Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Price Target at $46.00

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received an average rating of “Hold” from the four analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $46.00.

A number of equities research analysts have recently commented on WOR shares. Canaccord Genuity Group raised their price target on Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th.

Worthington Enterprises Price Performance

Shares of WOR opened at $41.97 on Monday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. Worthington Enterprises has a 1 year low of $37.88 and a 1 year high of $69.96. The stock has a market cap of $2.10 billion, a P/E ratio of 50.57 and a beta of 1.24. The stock’s 50-day moving average price is $41.63 and its two-hundred day moving average price is $41.81.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm had revenue of $274.05 million for the quarter, compared to analysts’ expectations of $273.77 million. During the same quarter last year, the business earned $0.78 earnings per share. The company’s revenue was down 8.1% compared to the same quarter last year. 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 Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, March 14th. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

Institutional Investors Weigh In On Worthington Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Worthington Enterprises by 33.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,544 shares of the industrial products company’s stock valued at $2,549,000 after buying an additional 15,981 shares during the last quarter. Vident Advisory LLC increased its position in shares of Worthington Enterprises by 11.6% during the 4th quarter. Vident Advisory LLC now owns 12,645 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 1,318 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Worthington Enterprises by 6.1% during the 4th quarter. Squarepoint Ops LLC now owns 49,205 shares of the industrial products company’s stock worth $1,974,000 after purchasing an additional 2,830 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Worthington Enterprises during the 4th quarter worth approximately $421,000. Finally, State of Wyoming acquired a new position in shares of Worthington Enterprises during the 4th quarter worth approximately $51,000. 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.