John P. McConnell, a director and 10% owner of Worthington Enterprises, Inc. (), reported a series of stock transactions, including the exercise of non-qualified stock options and subsequent sales of common shares, according to a recent SEC Form 4 filing. The transactions, which occurred on various dates between May 7, 2024, and July 1, 2026, involved the acquisition of 141,163 shares through option exercises, valued at a total of $3,348,698, and the disposal of an equal number of shares for a total of $8,209,011. The stock currently trades at $55.28 with a P/E ratio of 17.49 and a notably low PEG ratio of 0.27, suggesting the company may be undervalued relative to its growth prospects—a view supported by InvestingPro Fair Value analysis.
Mr. McConnell disposed of a total of 141,163 common shares of Worthington Enterprises through multiple transactions. These sales took place on May 7, 2024, May 13, 2025, June 26, 2026, and July 1, 2026. The shares were sold at prices ranging from $53.00 to $61.50 per share, resulting in a total value of $8,209,011.
Prior to these sales, Mr. McConnell acquired 141,163 common shares through the exercise of non-qualified stock options. These acquisitions also occurred on May 7, 2024, May 13, 2025, June 26, 2026, and July 1, 2026. The exercise prices for these options ranged from $19.65 to $27.35 per share, totaling $3,348,698. Notably, Worthington Enterprises has maintained dividend payments for 54 consecutive years, according to InvestingPro, which offers deeper insights through comprehensive Pro Research Reports covering this and 1,400+ other US equities.
Following these reported transactions, Mr. McConnell directly holds 1,335,648 common shares. He also maintains significant indirect ownership through various entities and trusts, including 12,415,982 shares through JMAC, Inc., 2,428,312 shares via the Porter Rardin Trust, and other holdings through family trusts and a deferred profit sharing plan.
In other recent news, Worthington Enterprises reported fiscal fourth-quarter 2026 earnings and sales that fell short of Wall Street’s expectations. The company posted earnings of $0.97 per share on revenue of $371.5 million, missing analyst forecasts of $1.06 per share and $386.49 million in sales. Despite this, Worthington noted a 20% increase in full-year sales, reaching $1.4 billion, with adjusted EBITDA up by 12% to $296 million and free cash flow hitting a record $170 million. Canaccord Genuity responded to these results by lowering its price target for Worthington Industries to $67 from $69, while maintaining a Buy rating. The company’s sales for the quarter were reported at $372 million, marking a 17% increase year-over-year but falling 3% below Canaccord’s estimates and 4% below consensus. Organic sales growth for the quarter was reported at 3%. Adjusted EBITDA and adjusted EPS were approximately 6% and 9% below Street expectations, respectively. These developments have caught the attention of investors and analysts alike.
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