Worthington Enterprises (NYSE:WOR) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Worthington Enterprises (NYSE:WOR) from a hold rating to a sell rating in a research note released on Wednesday.

A number of other research analysts have also recently weighed in on WOR. The Goldman Sachs Group lifted their target price on Worthington Enterprises from $50.00 to $56.00 and gave the company a sell rating in a report on Friday, March 22nd. Canaccord Genuity Group lifted their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a hold rating in a report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $58.00.

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $47.33 on Wednesday. The company has a market cap of $2.37 billion, a P/E ratio of 21.42 and a beta of 1.35. The company has a quick ratio of 2.47, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. Worthington Enterprises has a 52 week low of $36.29 and a 52 week high of $69.96. The business has a fifty day simple moving average of $55.55 and a 200-day simple moving average of $57.90.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, June 25th. The industrial products company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14). The business had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $352.82 million. Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. Worthington Enterprises’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.74 EPS.

Insiders Place Their Bets

In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the transaction, the director now owns 40,688 shares in the company, valued at $2,495,801.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 38.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WOR. Millburn Ridgefield Corp lifted its stake in shares of Worthington Enterprises by 55.7% in the fourth quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 206 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Worthington Enterprises in the first quarter valued at about $38,000. GAMMA Investing LLC bought a new stake in Worthington Enterprises in the fourth quarter valued at about $53,000. Neo Ivy Capital Management bought a new stake in Worthington Enterprises in the fourth quarter valued at about $81,000. 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 valued at $105,000 after buying an additional 1,821 shares during the last quarter. Institutional investors and hedge funds 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.