Worthington Industries, listed on the NYSE, is still well oriented and is going towards new highs.
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by 3.7% on the current year, with a net margin of 4.6%. Analysts widely revised upward their earnings per share estimates, which is a reliable indicator reflecting the company is healthy.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward the USD 32.76 short term resistance and would give a strong buying signal if the crossing is confirmed in daily closing.
Therefore, investors could take a long position in Worthington Industries, on crossing of the USD 32.76 short-term resistance. A first target will be set near USD 35. A stop loss should be placed under the USD 31.36 pivot point.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.
Worthington Enterprises Inc. is a designer and manufacturer of brands that enable people to live safer, healthier and more expressive lives. The Company operates through two primary business segments: building products and consumer products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time, Bernzomatic, Coleman, CoMet, Garden-Weasel, General, HALO, Hawkeye, Level5 Tools, Mag Torch, NEXI, Pactool International, PowerCore, Well-X-Trol, and XLite, among others. The Company also serves the global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions. The Company also operates in lightweight, customizable LPG composite cylinders.
WORTHINGTON ENTERPRISES, INC. 
