Trade Alert: Chair of International Of Howden Joinery Group Andy Witts Has Sold Stock

Some Howden Joinery Group Plc (LON:HWDN) shareholders may be a little concerned to see that the Chair of International, Andy Witts, recently sold a substantial UK£1.8m worth of stock at a price of UK£9.15 per share. That sale reduced their total holding by 31% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Howden Joinery Group

The Last 12 Months Of Insider Transactions At Howden Joinery Group

In fact, the recent sale by Andy Witts was the biggest sale of Howden Joinery Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below the current price (UK£9.19). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 31% of Andy Witts's holding.

Howden Joinery Group insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Howden Joinery Group

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Howden Joinery Group insiders own about UK£15m worth of shares. That equates to 0.3% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Howden Joinery Group Insiders?

An insider hasn't bought Howden Joinery Group stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for Howden Joinery Group you should be aware of.

Of course Howden Joinery Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.