WOR President Steven Caravati Sells $9.9K of Stock

Steven Caravati, President of Worthington Enterprises, Inc. (NYSE: WOR), sold 185 shares on June 29, 2026, for about $9,947.45. He sold the shares at a price of $53.77 each. This sale continues a pattern of insider transactions at the company, where other executives have also recently sold shares.

Inside Steven Caravati's Trade

Caravati's transaction occurred on June 29, reflecting a strategic decision amidst a series of insider sales at Worthington. This sale fits into a broader trend of executives trimming their stakes, as President and CEO Joseph Hayek also sold shares the same day, contributing to a total insider selling pattern.

Other Institutional Activity in Worthington Enterprises

Other institutional investors have also been active in Worthington Enterprises recently. Blackrock Inc. increased its holdings by 139,077 shares, totaling 5,271,058 shares worth about $335.6 million. State Street Corporation added 49,944 shares for a total of 1,250,528 shares valued at approximately $79.6 million. Meanwhile, Dimensional Fund Advisors LP added 10,308 shares, ending with 1,596,160 shares worth about $101.6 million. In contrast, Vanguard Portfolio Management LLC reduced its holdings by 7,167 shares, bringing its total down to 2,100,718 shares valued at around $133.8 million.

Worthington Enterprises, Inc. Stock Down 6.3%

Currently, Worthington Enterprises stock trades at $53.76, which is notably lower than its previous close of $57.38. The shares have fluctuated between a 52-week low of $45.01 and a high of $63.13, reflecting some volatility in price. Investors may find the current position interesting given the ongoing insider selling.

Recent Earnings

In its most recent earnings report, Worthington Enterprises reported revenues of $1.38 billion, reflecting a 16.9% increase from the previous year. The company's earnings per share (EPS) stood at $3.14, with a net margin of 11.3%. The next earnings release is scheduled for September 22, 2026.

Dividend

Worthington Enterprises currently pays an annual dividend of $0.80 per share, yielding about 1.38%. This payout ratio is 23.57%, indicating a balanced approach to returning profits to shareholders while reinvesting in growth initiatives.

Insider Buying and Selling at Worthington Enterprises, Inc.

In addition to Caravati's sale, President and CEO Joseph Hayek sold 785 shares on June 29, 2026, valued at approximately $42,209.45. On the same date, Patrick Kennedy, the VP-General Counsel, also sold 741 shares for about $39,843.57. Just a day later, Kennedy sold another 1,545 shares at a value of around $83,059.20, showing a pattern of multiple insider transactions in a short period.

Analysts Set New Price Targets

On June 25, 2026, Canaccord Genuity maintained a Buy rating on Worthington Enterprises with a target price of $67.00, slightly down from a prior target of $69.00. After that, on September 24, Canaccord Genuity increased its target to $75.00, reflecting confidence in the company’s future performance. The average target price among analysts is currently $65.60, with a consensus recommendation of Buy from five analysts.

About Worthington Enterprises

Worthington Enterprises, Inc. is an industrial manufacturing firm based in Columbus, Ohio. The company operates through two main segments: Consumer Products and Building Products. The Consumer Products segment includes a variety of items in tools and outdoor living. With a strong market position and recent insider activity, Worthington has been under scrutiny by analysts and investors alike.

Bottom Line

Investors should keep an eye on upcoming earnings on September 22, 2026, as well as further insider activity. The latest transactions reflect a backward-looking view from June 29 and may not indicate current positions as insider trading can vary frequently.