Patrick Kennedy Sells Shares of Worthington Enterprises
Worthington's VP-General Counsel sold shares worth nearly $40,000.
Key Points
- Patrick Kennedy, VP-General Counsel & Secretary at Worthington Enterprises, sold 741 shares valued at $39,843.57 on June 29, 2026.
- Shares of NYSE:WOR traded near $53.76 on Wednesday, with a market cap of $2.66 billion and a P/E ratio of 17.12.
- BlackRock and Vanguard opened new positions while Dimensional Fund Advisors reduced its stake in Worthington.
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Patrick Kennedy, the Vice President-General Counsel & Secretary at Worthington Enterprises, Inc. (NYSE:WOR), sold 741 shares of the company on June 29, 2026. The transaction was valued at $39,843.57, with an average price of $53.77 per share. This insider transaction was not part of a pre-planned trading program.
Other Institutional Activity in Worthington Enterprises
BlackRock, Inc. increased its holdings in Worthington Enterprises by 19,763 shares, ending with 5,131,777 shares valued at approximately $267.57 million. Vanguard Portfolio Management LLC opened a new position with 2,107,847 shares, valued at about $109.90 million. Dimensional Fund Advisors LP reduced its stake by 32,977 shares, leaving it with 1,585,876 shares worth around $82.68 million, marking a 2.0% decrease. Meanwhile, State Street Corp added 3,145 shares to its holdings, now totaling 1,200,626 shares valued at approximately $62.60 million.
Worthington Enterprises, Inc. Stock Down 6.2%
Shares of Worthington Enterprises traded near $53.76 on Wednesday. The company, with a market cap of about $2.66 billion, has a P/E ratio of 17.12 and a forward P/E of 13.01. Its beta is 1.19, indicating moderate volatility relative to the market. The stock's 52-week range is between $45.01 and $67.80. The company maintains a 50-day moving average of $56.19 and a 200-day moving average of $55.15. Worthington's liquidity is supported by a current ratio of 2.37 and a quick ratio of 1.25, with a debt-to-equity ratio of 34.06.
$WOR stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest earnings report, Worthington Enterprises reported revenue of $1.38 billion, reflecting a growth of 16.9%. The company's earnings per share (EPS) stood at $3.14, with a net margin of 11.3% and a return on equity of 15.78%. The next earnings release is scheduled for September 22, 2026.
Dividend
Worthington Enterprises pays an annual dividend rate of $0.80, yielding 1.49% with a payout ratio of 23.57%. The company continues to provide steady returns to its shareholders.
Insider Buying and Selling at Worthington Enterprises, Inc.
In addition to Patrick Kennedy's sale, other notable insider transactions at Worthington Enterprises include Steven Caravati, President of Consumer Products, who sold 1,571 shares on June 30, 2026, and Colin Souza, VP & CFO, who sold 2,668 shares on the same day. James Bowes, President of Building Products, and Joseph Hayek, President & CEO, also sold shares on June 30, 2026, with transactions involving 562 and 4,633 shares respectively.
Analysts Set New Price Targets
On June 25, 2026, Canaccord Genuity maintained its 'buy' rating on Worthington Enterprises with a price target of $67. The consensus among analysts is a 'buy' recommendation, with a mean target price of $65.60 based on five analyst opinions.
About Worthington Enterprises
Worthington Enterprises, Inc., headquartered in Columbus, Ohio, operates in the industrial manufacturing sector. The company is divided into two main segments: Consumer Products and Building Products. The Consumer Products segment offers a variety of tools and outdoor living products, while the Building Products segment specializes in pressurized containment solutions for various applications. Led by CEO Joseph B. Hayek, Worthington Enterprises has been a part of the industrial landscape since its founding in 1955.
Bottom Line
Patrick Kennedy's recent sale of Worthington Enterprises shares is a noteworthy transaction among several insider sales. Investors keep an eye on such transactions for potential insights into company insiders' perspectives. While insider moves can be telling, it's essential to consider them alongside broader market and company fundamentals.
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