Latest news with #WOR
Yahoo
2 days ago
- General
- Yahoo
Northeast Florida organization honors women veterans with weeklong recognition event
Northeast Florida Women Veterans, Inc. (WOR) kicks off the annual Women Veterans Recognition Week on June 8 to honor all women veterans. As part of recognition week, women who served in the military are honored for their accomplishments, as well as the challenges they face when they return to civilian life. >>> STREAM ACTION NEWS JAX LIVE <<< Mayor Deegan will present the city's proclamation in City Hall to begin the event, and will end with a gala honoring women who served in WWII, the Korean War, and Vietnam. [DOWNLOAD: Free Action News Jax app for alerts as news breaks] The event will be open to the public and filled with fun and community awareness. 'Northeast Florida Women Veterans is a non-profit organization dedicated to serving women who served in the military, whether onactive duty, in the reserves, or in the National Guard, as well as their children. Over our 13 years of existence, we have provided food, clothing, shelter, financial assistance, case management, counseling, and true sisterhood to women veterans and their children,' said WOR. For more information, click here. [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
CNBC
05-05-2025
- Business
- CNBC
Made in the USA: This domestic manufacturer could benefit from tariffs, Canaccord Genuity says
With most if its manufacturing done in the United States, Worthington Enterprises is a tariff-proof stock that can benefit from record-high duties slapped on imported goods, according to one Wall Street analyst. Shares in the Columbus, Ohio-based company that makes dozens of consumer and industrial products, from Coleman propane tanks to acoustic ceiling systems, are already 37% higher in 2025. "We believe this stock is primed for outperformance, being a hidden gem that many investors are generally unaware of since its December 2023 separation from its Steel business, Worthington Steel," Canaccord Genuity analyst Brian McNamara wrote in a Sunday note. The investment bank upgraded Worthington to buy from hold, and raised its price target by 24%, to $67 per share from $54. Canaccord's forecast implies roughly 23% upside from Friday's $51.99 close. McNamara said a recent meeting with company executives left him more optimistic, given Worthington's "advantageous" manufacturing position. WOR YTD mountain Worthington Enterprises stock in 2025. "The wide-ranging conversations demonstrated a humble, yet confident management team that believes it is well positioned with predominant domestic manufacturing in a tariff-riddled environment," the analyst said. McNamara noted that Worthington is the sole domestic manufacturer of gas grill cylinders and that peers have moved manufacturing overseas, giving the company a leg up as tariffs push higher. At the same time, McNamara estimated that only $60 million to $80 million of Worthington's annual revenue comes from products sourced from China. Estimated sales in the fiscal year ending May 31 are pegged to come in at $1.137 billion, according to analyst polled by FactSet. "Some relatively low-priced components and small valves are affected by China tariffs, but management noted they have good relationships, which will help with mitigation efforts," McNamara said. "The most significant component is steel, which WOR purchases domestically." The analyst also forecast that if competitors raise prices in response to tariffs, Worthington won't follow suit or not to the same extent. "If tariff-exposed competitors raise prices, we expect WOR to take less price and prioritize [market] share gains," McNamara wrote.
Yahoo
24-04-2025
- Business
- Yahoo
Why Worthington Enterprises, Inc. (WOR) Is Up the Most So Far in 2025
We recently published a list of . In this article, we are going to take a look at where Worthington Enterprises, Inc. (NYSE:WOR) stands against other industrial stocks that are up the most so far in 2025. Industrial stocks are sensitive to the economic cycle. Many of them have already fallen victim to the downturn and have reversed much of their earlier gains from the past few years. However, 2025 is shaping up to be a breakout year for industrial stocks elsewhere. The industrial sector is very broad, and you'll always find winners that outpace expectations and draw the attention of investors who once overlooked these workhorse companies. Manufacturing and industrial firms have doubled down on digital transformation and have poured resources into automation to boost efficiency. This investment is paying off as companies become more agile and better equipped to handle shocks, whether from geopolitical tensions, labor shortages, or shifting customer needs. It's worth looking into the biggest winners so far this year, as they could continue building on the momentum. For this article, I screened the best-performing industrial stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A factory floor of a heavy industry with a view of industrial manufacturing being done. Number of Hedge Fund Holders In Q4 2024: 16 Worthington Enterprises, Inc. (NYSE:WOR) designs and manufactures pressure vessels, steel cylinders, and a variety of consumer and building products. The most significant event driving the stock's surge in 2025 was it reporting a strong third quarter for fiscal 2025, with adjusted earnings per share of $0.91, handily beating analyst expectations of $0.70, and revenue of $304.5 million, exceeding forecasts. Earnings before taxes rose 30% and operating cash flow increased 14% to $57.1 million, despite a 4% drop in net sales due to the deconsolidation of the Sustainable Energy Solutions segment. The acquisition of Ragasco and the launch of new products, such as the Halo Griddle at Walmart and Level5 drywall tools at Sherwin-Williams, contributed to the positive outlook. Worthington's ongoing share buybacks and consistent dividend payments further signaled management's confidence in the company's trajectory. The consensus price target of $48 implies 0.5% upside. Worthington Enterprises, Inc. (NYSE:WOR) stock is up 19.71% year-to-date. Overall, WOR ranks 12th on our list of industrial stocks that are up the most so far in 2025. While we acknowledge the potential of WOR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WOR but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
