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

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

WOR has been the subject of a number of other reports. Canaccord Genuity Group cut their price target on Worthington Enterprises from $64.00 to $52.00 and set a hold rating for the company in a report on Thursday, June 27th. The Goldman Sachs Group cut their target price on shares of Worthington Enterprises from $56.00 to $43.00 and set a sell rating for the company in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, Worthington Enterprises presently has a consensus rating of Hold and an average price target of $45.00.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $40.83 on Wednesday. The company has a current ratio of 3.78, a quick ratio of 2.86 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.05 billion, a P/E ratio of 18.48 and a beta of 1.25. The firm has a 50-day moving average price of $45.35 and a two-hundred day moving average price of $52.17. Worthington Enterprises has a twelve month low of $36.29 and a twelve month high of $69.96.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital International Investors acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $26,329,000. Norges Bank acquired a new stake in Worthington Enterprises in the 4th quarter worth about $19,073,000. Vanguard Group Inc. grew its holdings in Worthington Enterprises by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock valued at $224,548,000 after buying an additional 242,833 shares during the period. American Century Companies Inc. grew its holdings in Worthington Enterprises by 43.7% in the 2nd quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company’s stock valued at $26,916,000 after buying an additional 172,850 shares during the period. Finally, Private Wealth Strategies L.L.C. acquired a new position in shares of Worthington Enterprises during the 2nd quarter valued at about $3,913,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

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.