WOR Should I Buy
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Worthington Enterprises Inc (WOR) is not a strong buy at this moment for a beginner, long-term investor with $50,000-$100,000. While the company has shown strong revenue growth, its declining net income, EPS, and gross margin, coupled with neutral technical indicators and lack of significant positive catalysts, suggest it is better to hold off on buying for now.
The MACD is positive at 0.269 but contracting, indicating weakening momentum. RSI is neutral at 64.646, and moving averages are converging, signaling no strong trend. The price is near resistance levels (R1: 59.222), suggesting limited upside in the short term.
Hedge funds are significantly increasing their buying activity, with a 546.21% increase in the last quarter. Analysts maintain a Buy or Overweight rating despite slight price target reductions.
Declining net income (-3.30% YoY), EPS (-1.79% YoY), and gross margin (-4.37% YoY) in the latest quarter. No recent news or congress trading data to support bullish sentiment. Technical indicators are neutral, and the stock has a 60% chance of a slight decline (-0.94%) in the next day.
In Q2 2026, revenue increased by 19.49% YoY to $327.45M, but net income dropped by 3.30% YoY to $27.33M. EPS also declined by 1.79% YoY to 0.55, and gross margin fell by 4.37% YoY to 25.84%.
Canaccord lowered the price target from $73 to $69 but maintained a Buy rating, citing solid top-line results but margin misses due to one-time items. KeyBanc raised the price target for Worthington Steel from $36 to $39, maintaining an Overweight rating, but noted tighter near-term spot galvanized spreads.
