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

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have earned an average recommendation of “Reduce” from the four brokerages 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 updated their coverage on the stock in the last year is $61.00.

A number of analysts have commented on WOR shares. The Goldman Sachs Group upped their price target on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. StockNews.com lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Canaccord Genuity Group raised their price target on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Canaccord Genuity Group started coverage on shares of Worthington Enterprises in a research note on Tuesday, January 30th. They set a “hold” rating and a $56.00 price target for the company.

Insider Activity

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

Hedge Funds Weigh In On Worthington Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Worthington Enterprises in the 3rd quarter valued at approximately $31,000. Millburn Ridgefield Corp increased its stake in Worthington Enterprises by 55.7% during the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Worthington Enterprises in the first quarter worth $38,000. GAMMA Investing LLC acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $53,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Worthington Enterprises during the fourth quarter valued at $81,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

WOR stock opened at $58.70 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 10.73 and a beta of 1.39. The business’s 50-day moving average is $60.69 and its two-hundred day moving average is $59.68. Worthington Enterprises has a fifty-two week low of $33.96 and a fifty-two week high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $326.70 million. During the same quarter in the previous year, the business posted $1.04 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis.

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.