Trade Alert: The Chief Information Officer Of Astec Industries, Inc. (NASDAQ:ASTE), Matthew Litchfield, Has Sold Some Shares Recently

By
Simply Wall St
Published
November 24, 2021
NasdaqGS:ASTE
Source: Shutterstock

Investors may wish to note that the Chief Information Officer of Astec Industries, Inc., Matthew Litchfield, recently netted US$78k from selling stock, receiving an average price of US$71.10. That might not be a huge sum but it was 50% of their personal holding, so we find it a little discouraging.

View our latest analysis for Astec Industries

The Last 12 Months Of Insider Transactions At Astec Industries

Notably, that recent sale by Matthew Litchfield is the biggest insider sale of Astec Industries shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$69.12. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Astec Industries insiders didn't buy any company stock. 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!

insider-trading-volume
NasdaqGS:ASTE Insider Trading Volume November 24th 2021

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Astec Industries

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Astec Industries insiders own 1.0% of the company, worth about US$15m. 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 Do The Astec Industries Insider Transactions Indicate?

An insider sold Astec Industries shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Astec Industries is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. 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 2 warning signs for Astec Industries you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Make Confident Investment Decisions

Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.