Worthington Enterprises, Inc. (NYSE:WOR) Receives Consensus Recommendation of “Hold” from Brokerages

Worthington Enterprises, Inc. (NYSE:WOR) has been assigned a consensus rating of “Hold” from the four research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $46.00.

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

Hedge Funds Weigh In On Worthington Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of 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 purchasing an additional 455 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Worthington Enterprises during the 4th quarter worth approximately $40,000. KBC Group NV boosted its holdings in Worthington Enterprises by 45.1% in the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 353 shares during the period. State of Wyoming acquired a new stake in Worthington Enterprises in the fourth quarter valued at approximately $51,000. Finally, Itau Unibanco Holding S.A. increased its stake in Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock worth $68,000 after buying an additional 501 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Stock Down 2.7 %

Shares of NYSE:WOR opened at $42.32 on Monday. The stock has a market cap of $2.12 billion, a P/E ratio of 50.99 and a beta of 1.24. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $69.96. The firm has a fifty day moving average price of $41.43 and a 200 day moving average price of $41.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company had revenue of $274.05 million during the quarter, compared to analysts’ expectations of $273.77 million. During the same quarter last year, the business earned $0.78 EPS. The business’s revenue was down 8.1% on a year-over-year basis. Sell-side analysts predict that Worthington Enterprises will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, March 14th. Worthington Enterprises’s dividend payout ratio (DPR) is presently 81.93%.

About Worthington Enterprises

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.