Worthington Enterprises director John McConnell sells $2.57M in shares

John P. McConnell, a director and 10% owner of WORTHINGTON ENTERPRISES, INC. (NYSE:WOR), sold common shares valued at $2,567,544 on September 28, 2026. The company currently trades at $63.65 with a market capitalization of $3.14 billion. These sales followed the exercise of stock options by Mr. McConnell on the same day.

Mr. McConnell disposed of a total of 42,491 common shares. These shares were sold in multiple transactions, with prices ranging from $59.61 to $60.93 per share. The stock trades at a P/E ratio of 19.33 and an attractive PEG ratio of 0.35, suggesting the company may be undervalued relative to its growth prospects—a view supported by InvestingPro analysis.

Concurrently, Mr. McConnell acquired 42,491 common shares through the exercise of non-qualified stock options. These shares were obtained at an exercise price of $24.73 per share, totaling $1,050,802. The options were granted under the Worthington Industries, Inc. 2010 Stock Option Plan and had vested in portions annually since June 2020, with an expiration date of September 29, 2026.

Following these transactions, Mr. McConnell directly holds 1,335,648 common shares. He also maintains substantial indirect holdings, including 12,415,982 shares through JMAC, Inc., 2,428,312 shares via the Porter Rardin Trust, and other holdings through various trusts and custodial accounts for family members. His indirect holdings also include 25,224 shares through the Worthington Enterprises, Inc. Deferred Profit Sharing Plan, based on information available as of June 30, 2026.According to InvestingPro Tips, Worthington has maintained dividend payments for 54 consecutive years, demonstrating the company’s commitment to shareholder returns. For investors seeking deeper insights, InvestingPro offers comprehensive Pro Research Reports covering WOR and 1,400+ other US equities, transforming complex data into actionable intelligence.

The transactions were reported in a Form 4 filing with the Securities and Exchange Commission, dated September 29, 2026, and signed by Patrick J. Kennedy as attorney-in-fact for John P. McConnell.

In other recent news, Worthington Enterprises reported impressive financial results for the first quarter of fiscal 2027. The company achieved adjusted earnings of $0.82 per share, surpassing Wall Street’s forecast of $0.75. Revenue also exceeded expectations, coming in at $343.9 million, which represents a 13% increase from the previous year. This growth was attributed to both organic expansion and recent acquisitions. Additionally, Worthington Enterprises nearly doubled its free cash flow, reflecting strong operational performance. These developments have been positively received by the market. Analyst firms have taken note of the company’s strong start to the fiscal year, although specific upgrades or downgrades were not mentioned. The company’s management remains focused on sustaining this positive momentum.