Executive VP & CFO Todd Fister Sold A Bunch Of Shares In Owens Corning

We wouldn't blame Owens Corning (NYSE:OC) shareholders if they were a little worried about the fact that Todd Fister, the Executive VP & CFO recently netted about US$1.8m selling shares at an average price of US$180. That's a big disposal, and it decreased their holding size by 26%, which is notable but not too bad.

View our latest analysis for Owens Corning

The Last 12 Months Of Insider Transactions At Owens Corning

In the last twelve months, the biggest single sale by an insider was when the President of Roofing, Gunner Smith, sold US$3.3m worth of shares at a price of US$191 per share. That means that an insider was selling shares at around the current price of US$178. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Owens Corning didn't buy any shares in the last year. You can see the insider transactions (by companies and 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Owens Corning insiders own about US$107m worth of shares (which is 0.7% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Owens Corning Insiders?

Insiders haven't bought Owens Corning stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Owens Corning. At Simply Wall St, we found 2 warning signs for Owens Corning that deserve your attention before buying any shares.

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 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.