We wouldn't blame THOR Industries, Inc. (NYSE:THO) shareholders if they were a little worried about the fact that W. Woelfer, the Senior VP & COO recently netted about US$524k selling shares at an average price of US$115. However, that sale only accounted for 5.5% of their holding, so arguably it doesn't say much about their conviction.
We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
THOR Industries Insider Transactions Over The Last Year
Notably, that recent sale by W. Woelfer is the biggest insider sale of THOR Industries shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$115. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
W. Woelfer divested 6.30k shares over the last 12 months at an average price of US$112. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. THOR Industries insiders own 4.6% of the company, currently worth about US$281m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About THOR Industries Insiders?
An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since THOR Industries is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. While conducting our analysis, we found that THOR Industries has 1 warning sign and it would be unwise to ignore this.
But note: THOR Industries 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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
