Meritage Homes Insiders Sell US$3.4m Of Stock, Possibly Signalling Caution
Meritage Homes Insiders Sell US$3.4m Of Stock, Possibly Signalling Caution
In the last year, many Meritage Homes Corporation (NYSE:MTH) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, if numerous insiders are selling, shareholders should investigate more.
在過去的一年中，許多meritage homes公司（紐交所：MTH）內部人士出售了大量的公司股份，這可能引起了股東的注意。在分析內部人士交易時，了解內部人士是否買入相對於知道他們是否賣出更有價值，因爲後者發出了模糊不清的信息。但是，如果衆多內部人士出售，股東應該進行更多的調查。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
雖然我們絕不建議投資者僅基於公司董事所做的事情來作出決策，但我們認爲密切關注內部人士所做的事情是完全合理的。
Meritage Homes Insider Transactions Over The Last Year
過去一年中的Meritage Homes內部交易
In the last twelve months, the biggest single sale by an insider was when the Executive VP, Phillippe Lord, sold US$1.0m worth of shares at a price of US$146 per share. That means that an insider was selling shares at slightly below the current price (US$163). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 8.2% of Phillippe Lord's holding.
在過去12個月中，一位內部人士最大的單筆賣出是執行副總裁Phillippe Lord以每股146美元的價格出售了價值100萬美元的股份。這意味着內部人士以略低於當前價格（163美元）的價格出售股票。我們通常認爲，如果內部人士一直在出售股票，特別是如果他們在當前價格之下出售股票，這是一個負面的信號，因爲這表明他們認爲更低的價格是合理的。但是請注意，賣家可能出售股票的原因有很多，所以我們無法確定他們對股票價格的看法。值得注意的是，這次交易僅佔Phillippe Lord所持股份的8.2%。
Insiders in Meritage Homes didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Meritage Homes的內部人士在過去一年中沒有買入任何股票。以下是上述公司和個人在過去12個月中內部交易的可視化描述。如果您單擊圖表，可以查看所有個人交易，包括股票價格、個人和日期！
I will like Meritage Homes 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.
如果我看到一些大的內部人士購買股票，我會更喜歡Meritage Homes。在等待時，可以查看這份免費的低估價值和小盤股票列表，其中包括相當多、最近發生的內部買入。
Does Meritage Homes Boast High Insider Ownership?
Meritage Homes是否擁有高內部人士持股？
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. Meritage Homes insiders own about US$121m worth of shares (which is 2.0% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
對於一位普通股東，檢查公司內部人士持有多少股份是值得的。通常，內部人士持股越高，就越可能激勵內部人士爲長期建設公司。Meritage Homes的內部人士擁有價值約1.21億美元的股票（佔公司總股本的2.0%）。大多數股東會很高興看到這種類型的內部人士持股，因爲這表明管理層的激勵與其他股東的激勵高度一致。
What Might The Insider Transactions At Meritage Homes Tell Us?
Meritage Homes的內部交易告訴我們什麼？
The fact that there have been no Meritage Homes insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Meritage Homes insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Meritage Homes. Case in point: We've spotted 2 warning signs for Meritage Homes you should be aware of, and 1 of them shouldn't be ignored.
事實上，最近沒有Meritage Homes的內部交易並不令我們困擾。看到高水平的內部持股是好事，但回顧過去一年，Meritage Homes內部人士的賣出並沒有增強我們的信心。除了了解正在進行的內部交易外，還有有益的識別Meritage Homes面臨的風險。例如：我們發現了2個Meritage Homes的警告信號，您應該注意其中的1個。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然，您可能會在其他地方找到一項出色的投資。因此，請查看此免費的有趣公司列表。
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.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。