The Goldman Sachs Group Forecasts Strong Price Appreciation for Worthington Enterprises (NYSE:WOR) Stock

Worthington Enterprises (NYSE:WOR) had its price target boosted by research analysts at The Goldman Sachs Group from $39.00 to $44.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sell” rating on the industrial products company’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 5.22% from the company’s previous close.

A number of other equities analysts have also recently commented on WOR. Canaccord Genuity Group lifted their price target on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, March 27th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Worthington Enterprises currently has a consensus rating of “Hold” and an average target price of $48.00.

Worthington Enterprises Trading Down 3.4 %

Shares of Worthington Enterprises stock opened at $46.42 on Thursday. Worthington Enterprises has a 12-month low of $37.88 and a 12-month high of $62.20. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $43.12 and its 200-day moving average is $41.68. The stock has a market cap of $2.32 billion, a P/E ratio of 55.93 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Worthington Enterprises

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock worth $33,000 after buying an additional 455 shares during the period. Anchor Investment Management LLC bought a new position in Worthington Enterprises during the fourth quarter worth about $40,000. State of Wyoming acquired a new stake in Worthington Enterprises in the 4th quarter worth about $51,000. Itau Unibanco Holding S.A. boosted its holdings in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 501 shares during the period. Finally, KBC Group NV grew its position in shares of Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 724 shares in the last quarter. 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.