Yahoo Finance TimkenSteel Corporation (NYSE:TMST) insiders are undoubtedly delighted they bought last year with gains to date at US$12k
Insiders who bought TimkenSteel Corporation (NYSE:TMST) stock lover the last 12 months are probably not as affected by last week’s 18% loss. Even after accounting for the recent loss, the US$866k worth of stock purchased by them is now worth US$878k or in other words, their investment continues to give good returns.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for TimkenSteel
TimkenSteel Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Kenneth Garcia for US$469k worth of shares, at about US$17.93 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$16.57). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Kenneth Garcia.
Kenneth Garcia bought a total of 53.00k shares over the year at an average price of US$16.34. 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!
TimkenSteel is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of TimkenSteel
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that TimkenSteel insiders own 1.7% of the company, worth about US$13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At TimkenSteel Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of TimkenSteel we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TimkenSteel. To that end, you should learn about the 2 warning signs we've spotted with TimkenSteel (including 1 which can't be ignored).
Of course TimkenSteel 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, but not derivative transactions.
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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.
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