Insiders At Taylor Morrison Home Sold US$1.1m In Stock, Alluding To Potential Weakness
Insiders At Taylor Morrison Home Sold US$1.1m In Stock, Alluding To Potential Weakness
The fact that multiple Taylor Morrison Home Corporation (NYSE:TMHC) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
在过去的一年中，多位Taylor Morrison Home Corporation（纽交所：TMHC）内部人士大量抛售股票的事实可能会引起投资者的疑虑。当评估内部人员股票交易时，了解内部人员是否正在买入股票通常比了解他们是否在卖出更有益，因为后者可能引起多种解读。然而，如果几个内部人员在特定时间段内抛售股票，股东们应该更深入地了解情况。
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
虽然我们不认为股东应该简单地跟随内部交易，但我们认为监控内部人士的行动是很合理的。
Taylor Morrison Home Insider Transactions Over The Last Year
Taylor Morrison Home过去一年的内部人员交易
In the last twelve months, the biggest single sale by an insider was when the Executive VP & CFO, Curt VanHyfte, sold US$1.0m worth of shares at a price of US$57.89 per share. That means that even when the share price was below the current price of US$64.34, an insider wanted to cash in some shares. 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. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was 100% of Curt VanHyfte's holding.
在过去的12个月中，最大的单笔交易是高管副总裁兼首席财务官Curt VanHyfte以57.89美元的价格出售价值100万美元的股票。这意味着即使股票价格低于当前的64.34美元，内部人员也想套现一些股票。当内部人员以低于当前价格的价位出售时，这表明他们认为较低的价格是合理的。这使我们想知道他们对（更高的）最近估值的看法。然而，虽然内部人员出售有时令人沮丧，但其只是一个弱信号。值得注意的是，此次交易是Curt VanHyfte全部持股的100％。
In the last year Taylor Morrison Home insiders didn't buy any company stock. 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!
在过去的一年中，Taylor Morrison Home的内部人员没有购买任何公司股票。您可以在下面的表格中查看过去一年内的内部人员交易（按公司和个人分类）。如果想要了解确切的卖出人、卖出数量和时间，请点击下面的图表！
I will like Taylor Morrison Home 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.
如果我看到一些大规模内部人员买入Taylor Morrison Home的话，我会更喜欢它。等待时，请查看这个免费的被低估的小盘股票列表，其中包含了最近有相当多内部人员购买的股票。
Insider Ownership Of Taylor Morrison Home
Taylor Morrison Home的内部所有权
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. We usually like to see fairly high levels of insider ownership. It's great to see that Taylor Morrison Home insiders own 2.6% of the company, worth about US$180m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
我喜欢了解内部人员在公司中持有的股票数量，以帮助确定他们与内部股东之间的利益是否一致。通常，我们希望看到相当高的内部人员持股水平。很高兴看到Taylor Morrison Home的内部人员持有公司的2.6％股份，价值约1亿8000万美元。大多数股东将很高兴看到这种内部人员持股，因为它表明管理层的激励与其他股东基本一致。
So What Do The Taylor Morrison Home Insider Transactions Indicate?
那么，Taylor Morrison Home的内部人员交易表明什么？在最近一个季度中没有内部人员交易股票并不意味着什么。虽然我们对Taylor Morrison Home的高内部人员持股感到满意，但我们对股票的抛售并不满意。当然，未来才是最重要的。因此，如果您对Taylor Morrison Home有兴趣，您应该查看这份有关分析师对该公司的预测的免费报告。
It doesn't really mean much that no insider has traded Taylor Morrison Home shares in the last quarter. While we feel good about high insider ownership of Taylor Morrison Home, we can't say the same about the selling of shares. Of course, the future is what matters most. So if you are interested in Taylor Morrison Home, you should check out this free report on analyst forecasts for the company.
过去一个季度内没有内部人员交易Taylor Morrison Home的股票并不意味着什么。尽管我们对Taylor Morrison Home高度的内部人员持股感到满意，但是对于抛售股票则不满意。当然，未来才是最重要的事。因此，如果您对Taylor Morrison Home感兴趣，则应查看该公司的分析师预测免费报告。
But note: Taylor Morrison Home 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.
但是请注意：Taylor Morrison Home可能不是最佳的股票购买选择。因此，请查看这个免费的有高ROE和低债务的有趣公司列表。
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.
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@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
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。