We’d be surprised if Moog Inc. (NYSE:MOG.A) shareholders haven’t noticed that the Executive, R. Burghardt, recently sold US$390k worth of stock at US$91.76 per share. Equally important, that sale actually reduced their holding by a full 87% which hardly makes us feel bullish about the stock.
Moog Insider Transactions Over The Last Year
Notably, that recent sale by R. Burghardt is the biggest insider sale of Moog shares that we’ve seen in the last year. That means that an insider was selling shares at around the current price of US$88.40. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last twelve months insiders purchased 1650 shares for US$128k. But they sold 13232 for US$1.2m. All up, insiders sold more shares in Moog than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Does Moog Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Moog insiders own about US$38m worth of shares. That equates to 1.3% of the company. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Do The Moog Insider Transactions Indicate?
Insiders haven’t bought Moog stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn’t make us feel much more positive. But it is good to see that Moog is growing earnings. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. So we’d only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Moog.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.