Steven Caravati Sells Shares of Worthington Enterprises

On June 29, 2026, Steven Caravati, the President of Consumer Products at Worthington Enterprises, Inc. (NYSE: WOR), sold 185 shares of the company. The transaction was valued at $9,947.45, with an average price of $53.77 per share. This insider sale was not part of a pre-arranged trading plan.

Insider Buying and Selling at Worthington Enterprises, Inc.

In addition to Steven Caravati's transaction, several other insiders at Worthington Enterprises sold shares recently. On June 30, 2026, Colin Souza, the VP & Chief Financial Officer, sold 2,668 shares, and Joseph Hayek, the President & CEO, sold 4,633 shares, among others. These transactions were also not part of any pre-arranged trading plans.

Other Institutional Activity in Worthington Enterprises

Institutional investors have been active in Worthington Enterprises. BlackRock, Inc. increased its holdings by 19,763 shares, bringing its total to 5,131,777 shares valued at approximately $267.57 million. Vanguard Portfolio Management LLC opened a new position with 2,107,847 shares worth about $109.90 million. Dimensional Fund Advisors LP, however, reduced its stake by 32,977 shares, now holding 1,585,876 shares valued at $82.68 million. State Street Corp added 3,145 shares, totaling 1,200,626 shares worth approximately $62.60 million.

Worthington Enterprises, Inc. Stock Down 6.2%

Shares of Worthington Enterprises (NYSE: WOR) traded near $53.76 on Wednesday. The company has a market capitalization of approximately $2.66 billion and a P/E ratio of 17.12. Its beta, a measure of volatility, stands at 1.19. The stock's 52-week range is between $45.01 and $67.80, with a 50-day moving average of $56.19 and a 200-day moving average of $55.15.

Analysts Set New Price Targets

On June 25, 2026, Canaccord Genuity maintained its 'buy' rating on Worthington Enterprises with a price target of $67. Meanwhile, the consensus among analysts suggests a 'buy' recommendation, with a mean target price of $65.60, based on five analyst opinions.

About Worthington Enterprises

Worthington Enterprises, Inc. is an industrial manufacturing company headquartered in Columbus, Ohio. It operates through two main segments: Consumer Products and Building Products. The Consumer Products segment includes items like hand-held torches and propane-filled cylinders, while the Building Products segment offers pressurized containment solutions like refrigerant gas cylinders and water tanks. The company, led by CEO Joseph B. Hayek, serves mass merchandisers, retailers, and distributors.

Bottom Line

Steven Caravati's recent share sale at Worthington Enterprises is part of a broader pattern of insider transactions. While institutional investors like BlackRock are increasing their stakes, others like Dimensional Fund Advisors are scaling back. Investors often track these movements for insights, though it's important to remember that insider sales don't necessarily signal negative sentiment. As always, these transactions are reported after the fact, providing a snapshot of past activity.