Worthington Enterprises (NYSE:WOR) Raised to Hold at StockNews.com

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

Other equities analysts have also issued reports about the company. The Goldman Sachs Group lowered their target price on Worthington Enterprises from $56.00 to $43.00 and set a sell rating for the company in a report on Tuesday, July 2nd. Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $64.00 to $52.00 and set a hold rating for the company in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, Worthington Enterprises currently has an average rating of Hold and a consensus price target of $45.00.

Worthington Enterprises Stock Performance

Shares of WOR opened at $40.83 on Wednesday. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $45.50 and its two-hundred day moving average is $52.32. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 18.48 and a beta of 1.25. Worthington Enterprises has a 52-week low of $36.29 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.21). Worthington Enterprises had a net margin of 1.96% and a return on equity of 11.40%. The firm had revenue of $257.31 million during the quarter, compared to the consensus estimate of $296.05 million. During the same period in the prior year, the firm earned $2.06 earnings per share. The firm’s quarterly revenue was down 17.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fidelis Capital Partners LLC purchased a new stake in Worthington Enterprises in the 1st quarter worth approximately $38,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Worthington Enterprises during the 2nd quarter valued at about $57,000. Neo Ivy Capital Management bought a new stake in shares of Worthington Enterprises in the 4th quarter valued at approximately $81,000. EntryPoint Capital LLC grew its stake in shares of Worthington Enterprises by 255.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,723 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,238 shares in the last quarter. Finally, 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 worth $105,000 after buying an additional 1,821 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

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.