We wouldn't blame Simpson Manufacturing Co., Inc. (NYSE:SSD) shareholders if they were a little worried about the fact that Roger Dankel, the Executive Vice President of North American Sales - Simpson Strong-Tie Company Inc recently netted about US$514k selling shares at an average price of US$190. That's a big disposal, and it decreased their holding size by 11%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Simpson Manufacturing
Notably, that recent sale by Roger Dankel is the biggest insider sale of Simpson Manufacturing 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$174. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Simpson Manufacturing insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership Of Simpson Manufacturing
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. It appears that Simpson Manufacturing insiders own 0.5% of the company, worth about US$35m. 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 Simpson Manufacturing Insiders?
Insiders sold Simpson Manufacturing shares recently, but they didn't buy any. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Simpson Manufacturing.
Of course Simpson Manufacturing 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.