Worthington Enterprises, Inc. (NYSE:WOR) Given Consensus Recommendation of “Reduce” by Analysts

Worthington Enterprises, Inc. (NYSE:WOR) has been given an average rating of “Reduce” by the four ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $61.00.

WOR has been the topic of several recent analyst reports. StockNews.com downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Canaccord Genuity Group began coverage on shares of Worthington Enterprises in a research report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, March 25th.

Worthington Enterprises Stock Down 1.5 %

Shares of WOR stock opened at $58.38 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. Worthington Enterprises has a one year low of $33.96 and a one year high of $69.96. The company’s fifty day moving average price is $61.65 and its 200-day moving average price is $60.16. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.67 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.44). Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. The business had revenue of $316.76 million during the quarter, compared to analysts’ expectations of $326.70 million. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis.

Insider Transactions at Worthington Enterprises

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.25, for a total value of $62,250.00. Following the sale, the director now owns 41,688 shares in the company, valued at $2,595,078. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael J. Endres sold 66,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares of the company’s stock, valued at approximately $4,928,035.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now owns 41,688 shares of the company’s stock, valued at approximately $2,595,078. The disclosure for this sale can be found here. Insiders have sold 68,000 shares of company stock valued at $4,364,750 in the last ninety days. Corporate insiders own 38.50% of the company’s stock.

Institutional Trading of Worthington Enterprises

A number of institutional investors have recently bought and sold shares of WOR. Commonwealth Equity Services LLC increased its position in Worthington Enterprises by 2.6% during the first quarter. Commonwealth Equity Services LLC now owns 7,582 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 189 shares during the last quarter. Millburn Ridgefield Corp boosted its stake in shares of Worthington Enterprises by 55.7% during the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 206 shares during the period. FMR LLC boosted its stake in shares of Worthington Enterprises by 11.2% during the 1st quarter. FMR LLC now owns 2,146 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 216 shares during the period. Belpointe Asset Management LLC grew its holdings in Worthington Enterprises by 5.5% during the 1st quarter. Belpointe Asset Management LLC now owns 4,221 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 220 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Worthington Enterprises by 0.4% in the 4th quarter. Alliancebernstein L.P. now owns 68,927 shares of the industrial products company’s stock worth $3,426,000 after purchasing an additional 247 shares during the period. 51.59% of the stock is currently owned by institutional investors.

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.