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From what we can see, insiders were net buyers in Mueller Water Products, Inc.'s (NYSE:MWA ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
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.
The Last 12 Months Of Insider Transactions At Mueller Water Products
The Senior VP & Chief HR Officer Todd Helms made the biggest insider purchase in the last 12 months. That single transaction was for US$130k worth of shares at a price of US$13.15 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$15.80. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
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!
Mueller Water Products is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Mueller Water Products Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Mueller Water Products insiders own 1.4% of the company, worth about US$34m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Mueller Water Products Tell Us?
It doesn't really mean much that no insider has traded Mueller Water Products shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Mueller Water Products and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Mueller Water Products.
But note: Mueller Water Products 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.
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.
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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