Worthington Enterprises
WOR

$50.80

1.44%

Market Cap: 2.55B

About: Worthington Enterprises Inc formerly Worthington Industries Inc is a diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products. Its manufactured metal products include pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, refrigerant, and other industrial gas storage; cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas and other gas storage applications; light gauge steel framing for commercial and residential construction; and several other products. The firm's operating segments are Steel Processing, Consumer Products, Building Products and Sustainable Energy Solutions.

Employees: 8,200

Materials Steel Works, Blast Furnaces & Rolling & Finishing Mills

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 5 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

119% more call options, than puts

Call options by funds: $10.7M | Put options by funds: $4.87M

7% more capital invested

Capital invested by funds: $1.48B [Q4 2023] → $1.59B (+$109M) [Q1 2024]

1% more funds holding

Funds holding: 270 [Q4 2023] → 273 (+3) [Q1 2024]

7% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 44

0.39% less ownership

Funds ownership: 51.58% [Q4 2023] → 51.19% (-0.39%) [Q1 2024]

31% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 100

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Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$43

15%

downside

Avg. target

$54

7%

upside

High target

$64

26%

upside

5 analyst ratings

0 positive

0%

3 neutral

60%

2 negative

40%

Goldman Sachs Susan Maklari	15%downside $43	Sell Maintained	2 Jul 2024
Canaccord Genuity Brian McNamara	2%upside $52	Hold Maintained	27 Jun 2024
Canaccord Genuity Brian McNamara	26%upside $64	Hold Maintained	25 Mar 2024
Goldman Sachs Susan Maklari	10%upside $56	Sell Maintained	22 Mar 2024
Canaccord Genuity Brian McNamara	10%upside $56	Hold Initiated	30 Jan 2024

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Financial journalist opinion

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Worthington Enterprises, Inc. (WOR) Q4 2024 Earnings Call Transcript

Worthington Enterprises, Inc. (NYSE:WOR ) Q4 2024 Earnings Conference Call June 26, 2024 8:30 AM ET Company Participants Marcus Rogier - Treasurer and IRO Andy Rose - President and CEO Joseph Hayek - CFO and COO Conference Call Participants Brian Biros - Thompson Research Group Charles Perron-Piché - Goldman Sachs Dan Moore - CJS Securities John Tumazos - John Tumazos Very Independent Research Brian McNamara - Canaccord Genuity Operator Good morning, and welcome to the Worthington Enterprises Fourth Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] This conference is being recorded at the request of Worthington Enterprises.

Worthington Enterprises, Inc. (WOR) Q4 2024 Earnings Call Transcript

Worthington Enterprises Reports Fourth Quarter Fiscal 2024 Results

COLUMBUS, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) reported net sales of $318.8 million and a net loss from continuing operations of $31.5 million, or $(0.64) per diluted share, for its fiscal 2024 fourth quarter ended May 31, 2024. This compares to net sales of $368.8 million and net earnings from continuing operations of $50.1 million, or $1.01 per diluted share, in the fourth quarter of fiscal 2023.

Worthington Enterprises Reports Fourth Quarter Fiscal 2024 Results

Worthington Enterprises Increases Quarterly Dividend by 6.25%

COLUMBUS, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors today declared a quarterly dividend of $0.17 per share, which represents an increase of $0.01 per share or 6.25 percent from the prior quarter. The dividend is payable on September 27, 2024, to shareholders of record on September 13, 2024.

Worthington Enterprises Increases Quarterly Dividend by 6.25%

Worthington Enterprises Schedules Fourth Quarter 2024 Earnings Call for June 26

COLUMBUS, Ohio, June 12, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE: WOR) will hold its quarterly earnings conference call Wednesday, June 26 at 8:30 a.m. ET. The Company will discuss its fiscal fourth quarter results, which will be released after the market closes on June 25.

Worthington Enterprises Schedules Fourth Quarter 2024 Earnings Call for June 26

Worthington Enterprises Completes Acquisition of Hexagon Ragasco

Worthington Enterprises announced the closing of its acquisition of Hexagon Ragasco, a global leader in lightweight, customizable LPG composite cylinders.

Worthington Enterprises Completes Acquisition of Hexagon Ragasco

Worthington Enterprises: A Small Reshuffling (Rating Upgrade)

Worthington Enterprises, Inc. is a diversified industrial manufacturer with a unique business model, including profitable joint ventures. The company split itself into Worthington Enterprises and Worthington Steel, with both businesses trading at appealing valuations. Shares have risen quickly since the separation, but have fallen a bit recently, creating potential to add shares on dips in this quality long-term compounder.

Worthington Enterprises: A Small Reshuffling (Rating Upgrade)

Hexagon Composites announces sale of Hexagon Ragasco to Worthington Enterprises and acquisition of 49% of Worthington Enterprises' Sustainable Energy Solutions business segment

OSLO, Norway , May 29, 2024 /PRNewswire/ -- Hexagon Composites ASA (OSE: HEX.OL), announces the signing of two definitive agreements with Worthington Enterprises (NYSE: WOR). Sale of Hexagon Ragasco Worthington Enterprises will acquire 100% of Hexagon Ragasco at an enterprise value of NOK 1,050 million.

Hexagon Composites announces sale of Hexagon Ragasco to Worthington Enterprises and acquisition of 49% of Worthington Enterprises' Sustainable Energy Solutions business segment

Worthington Enterprises Announces Planned Acquisition of Hexagon Ragasco and Sustainable Energy Solutions Joint Venture with Hexagon Composites

COLUMBUS, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises (NYSE: WOR), a designer and manufacturer of market-leading brands that enable people to live safer, healthier and more expressive lives, today announced the signing of two definitive agreements with Hexagon Composites ASA (OSE: HEX.OL) of Norway. One agreement is to acquire 100 percent of Hexagon Ragasco and a second agreement is to sell 49 percent of Worthington's Sustainability Energy Solutions (SES) business segment to Hexagon Composites forming a joint venture with the company.

Worthington Enterprises Announces Planned Acquisition of Hexagon Ragasco and Sustainable Energy Solutions Joint Venture with Hexagon Composites

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