Possible Bearish Signals With Lockheed Martin Insiders Disposing Stock
Possible Bearish Signals With Lockheed Martin Insiders Disposing Stock
In the last year, many Lockheed Martin Corporation (NYSE:LMT) 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, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
在過去的一年裏，許多洛克希德馬丁公司（紐交所：LMT）內部人士出售了公司的大部分股份，這可能引起了股東的關注。當分析內部交易時，通常更有價值的是知道內部人士是否在購買而不是知道他們是否在出售，因爲後者傳遞的是含糊不清的信息。然而，當多個內部人士在特定時間內出售股票時，股東應該注意，因爲這可能是一個紅旗。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
雖然我們永遠不會建議投資者僅基於公司董事已經做出的決策而做出決策，但同時我們認爲完全忽略內部交易是愚蠢的。
The Last 12 Months Of Insider Transactions At Lockheed Martin
洛克希德馬丁公司的內部交易情況近12個月來的交易記錄。
The Chief Operating Officer, Frank St. John, made the biggest insider sale in the last 12 months. That single transaction was for US$2.8m worth of shares at a price of US$428 each. That means that an insider was selling shares at slightly below the current price (US$466). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 100% of Frank St. John's stake.
過去12個月中，首席運營官Frank St. John進行了最大規模的內部交易。 單筆交易價值280萬美元，股價爲428美元。這意味着一個內部人士在股價略低於當前價格（466美元）時出售了股票。當內部人士以低於當前價格的價格出售股票時，這表明他們認爲更低的價格是公平的。這使我們想知道他們對（更高的）最近估值的看法。然而，雖然內部人士的賣出有時令人沮喪，但這只是一個薄弱的信號。這筆單一交易是Frank St. John持股的100％。
In total, Lockheed Martin insiders sold more than they bought over 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!
總體來看，洛克希德馬丁公司的內部人士在過去的一年裏賣出的股票比買入的股票多。您可以看到下面的關於公司和個人的內部交易（通過可視化展示）在過去12個月中的情況。如果單擊圖表，您可以查看所有單個交易，包括股價，個人和日期！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
Insider Ownership
內部人員持股情況
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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 Lockheed Martin insiders own 0.06% of the company, worth about US$64m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
我喜歡查看內部人士在公司中擁有多少股份，以幫助我了解他們與內部人士的對齊程度。通常情況下，內部人士持股比例越高，他們爲長期建設公司的動力就越大。似乎洛克希德馬丁公司的內部人士擁有該公司的0.06％，價值約6400萬美元。我們當然在其他地方看到了更高的內部持股比例，但這些持股足以表明內部人士與其他股東之間的對齊程度。
So What Does This Data Suggest About Lockheed Martin Insiders?
這些數據對洛克希德馬丁公司內部人士表示什麼？最近沒有洛克希德馬丁的內部交易當然不會讓我們擔憂。然而，過去12個月中的洛克希德馬丁公司內部交易並不令人鼓舞。但很高興看到內部人士持有該公司的股份。因此，了解內部人士在購買或出售方面的情況雖然有幫助，但了解特定公司面臨的風險也很有幫助。在投資風險方面，我們已經識別出洛克希德馬丁公司的1個警告信號，了解它應該是您投資過程的一部分。
The fact that there have been no Lockheed Martin insider transactions recently certainly doesn't bother us. Still, the insider transactions at Lockheed Martin in the last 12 months are not very heartening. But it's good to see that insiders own shares in the company. 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. In terms of investment risks, we've identified 1 warning sign with Lockheed Martin and understanding it should be part of your investment process.
最近沒有洛克希德馬丁的內部交易當然不會讓我們擔憂。仍然，過去12個月中的洛克希德馬丁公司內部交易並不令人鼓舞。但很高興看到內部人士持有該公司的股份。因此，了解內部人士在購買或出售方面的情況雖然有幫助，但了解特定公司面臨的風險也很有幫助。在投資風險方面，我們已經識別出洛克希德馬丁公司的1個警告信號，了解它應該是您投資過程的一部分。
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。