Meritage Homes Insiders Sell US$3.4m Of Stock, Possibly Signalling Caution
Meritage Homes Insiders Sell US$3.4m Of Stock, Possibly Signalling Caution
In the last year, many Meritage Homes Corporation (NYSE:MTH) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, if numerous insiders are selling, shareholders should investigate more.
在过去的一年中，许多meritage homes公司（纽交所：MTH）内部人士出售了大量的公司股份，这可能引起了股东的注意。在分析内部人士交易时，了解内部人士是否买入相对于知道他们是否卖出更有价值，因为后者发出了模糊不清的信息。但是，如果众多内部人士出售，股东应该进行更多的调查。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
虽然我们绝不建议投资者仅基于公司董事所做的事情来作出决策，但我们认为密切关注内部人士所做的事情是完全合理的。
Meritage Homes Insider Transactions Over The Last Year
过去一年中的Meritage Homes内部交易
In the last twelve months, the biggest single sale by an insider was when the Executive VP, Phillippe Lord, sold US$1.0m worth of shares at a price of US$146 per share. That means that an insider was selling shares at slightly below the current price (US$163). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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 8.2% of Phillippe Lord's holding.
在过去12个月中，一位内部人士最大的单笔卖出是执行副总裁Phillippe Lord以每股146美元的价格出售了价值100万美元的股份。这意味着内部人士以略低于当前价格（163美元）的价格出售股票。我们通常认为，如果内部人士一直在出售股票，特别是如果他们在当前价格之下出售股票，这是一个负面的信号，因为这表明他们认为更低的价格是合理的。但是请注意，卖家可能出售股票的原因有很多，所以我们无法确定他们对股票价格的看法。值得注意的是，这次交易仅占Phillippe Lord所持股份的8.2%。
Insiders in Meritage Homes didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Meritage Homes的内部人士在过去一年中没有买入任何股票。以下是上述公司和个人在过去12个月中内部交易的可视化描述。如果您单击图表，可以查看所有个人交易，包括股票价格、个人和日期！
I will like Meritage Homes better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
如果我看到一些大的内部人士购买股票，我会更喜欢Meritage Homes。在等待时，可以查看这份免费的低估价值和小盘股票列表，其中包括相当多、最近发生的内部买入。
Does Meritage Homes Boast High Insider Ownership?
Meritage Homes是否拥有高内部人士持股？
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Meritage Homes insiders own about US$121m worth of shares (which is 2.0% 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.
对于一位普通股东，检查公司内部人士持有多少股份是值得的。通常，内部人士持股越高，就越可能激励内部人士为长期建设公司。Meritage Homes的内部人士拥有价值约1.21亿美元的股票（占公司总股本的2.0%）。大多数股东会很高兴看到这种类型的内部人士持股，因为这表明管理层的激励与其他股东的激励高度一致。
What Might The Insider Transactions At Meritage Homes Tell Us?
Meritage Homes的内部交易告诉我们什么？
The fact that there have been no Meritage Homes insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Meritage Homes insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Meritage Homes. Case in point: We've spotted 2 warning signs for Meritage Homes you should be aware of, and 1 of them shouldn't be ignored.
事实上，最近没有Meritage Homes的内部交易并不令我们困扰。看到高水平的内部持股是好事，但回顾过去一年，Meritage Homes内部人士的卖出并没有增强我们的信心。除了了解正在进行的内部交易外，还有有益的识别Meritage Homes面临的风险。例如：我们发现了2个Meritage Homes的警告信号，您应该注意其中的1个。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然，您可能会在其他地方找到一项出色的投资。因此，请查看此免费的有趣公司列表。
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.
对于本文而言，内部人是指向相关监管机构报告其交易的个人。我们目前仅考虑公开市场交易和直接利益的私人处置，但不包括衍生交易或间接利益。
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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.
对本文有反馈？关于内容有所顾虑？直接和我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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