We’d be surprised if Worthington Industries, Inc. (NYSE:WOR) shareholders haven’t noticed that an insider, Richard Welch, recently sold US$322k worth of stock at US$43.49 per share. That sale was 24% of their holding, so it does make us raise an eyebrow.
Worthington Industries Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Lead Independent Director John Blystone for US$997k worth of shares, at about US$40.00 per share. That implies that an insider found the current price of US$43.19 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Worthington Industries share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was John Blystone.
You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Worthington Industries is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Worthington Industries
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It’s great to see that Worthington Industries insiders own 12% of the company, worth about US$284m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Worthington Industries Insider Transactions Indicate?
Insiders sold Worthington Industries shares recently, but they didn’t buy any. On the other hand, the insider transactions over the last year are encouraging. And insider ownership remains quite considerable. So we’re happy to look past recent trading. Of course, the future is what matters most. So if you are interested in Worthington Industries, you should check out this free report on analyst forecasts for the company.
But note: Worthington Industries may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
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