TopBuild Insiders Sell US$10m Of Stock, Possibly Signalling Caution
TopBuild Insiders Sell US$10m Of Stock, Possibly Signalling Caution
Over the past year, many TopBuild Corp. (NYSE:BLD) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.
過去一年，許多TopBuild公司（NYSE:BLD）內部人士出售了公司的重要股份，這可能引起了投資者的興趣。 了解內部人員是否購買股票通常在評估內部交易時更有幫助，因爲內部銷售可能有不同的解釋。然而，如果多位內部人士在賣出股份，股東應該進行更多調查。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we 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 TopBuild
TopBuild過去12個月的內部交易情況
The CEO, President & Director, Robert Buck, made the biggest insider sale in the last 12 months. That single transaction was for US$2.0m worth of shares at a price of US$404 each. So what is clear is that an insider saw fit to sell at around the current price of US$385. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
過去12個月，首席執行官、總裁兼董事Robert Buck進行了最大的內部銷售。那筆單獨的交易價值爲200萬美元，每股價格爲404美元。因此，可以明顯看出內部人員看到了股價在當前的385美元左右時適合銷售。雖然內部銷售是一個負面的信號，但對我們而言，如果股票以較低價格出售，這更加不利。考慮到銷售發生在當前價格附近，這使我們有點謹慎，但幾乎沒有什麼大的問題。
TopBuild insiders didn't buy any shares 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
TopBuild內部人員在過去一年沒有購買任何股份。您可以在下面看到過去12個月的內部交易（由公司和個人）的圖形表示。如果想確切地知道誰、以什麼價格和何時出售，只需單擊下面的圖形！
I will like TopBuild 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購買，我會更喜歡TopBuild。在等待的同時，查看這個免費的表格，其中列出了具有相當大的最新內部購買的低估和小盤股票。
TopBuild Insiders Are Selling The Stock
TopBuild內部人員正在拋售股票
The last quarter saw substantial insider selling of TopBuild shares. In total, insiders dumped US$3.7m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
過去一個季度，TopBuild股票的內部人員大量拋售。總共，內部人員在那段時間內拋售了價值370萬美元的股票，而我們沒有記錄到任何購買。這可能意味着一些內部人員認爲該股票不便宜。
Insider Ownership
內部人員持股情況
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. TopBuild insiders own about US$75m worth of shares. That equates to 0.6% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
查看公司內部人員持有的股票總數可以幫助您確定他們是否與普通股東的利益保持一致。如果內部人員擁有公司中相當數量的股份，我認爲這是一個好的跡象。TopBuild內部人員持有價值約7500萬美元的股票。這相當於該公司的0.6％。這種內部所有權水平很高，但僅略顯突出。它當然表明了一定程度的一致。
What Might The Insider Transactions At TopBuild Tell Us?
TopBuild內部交易可能告訴我們什麼？
Insiders sold TopBuild shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, TopBuild makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TopBuild. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of TopBuild.
內部人員最近出售了TopBuild股票，但他們沒有買入任何股票。在過去的12個月中，我們的數據沒有顯示任何內部人員購買。好的一面是，TopBuild能夠賺錢，並且利潤不斷增長。雖然內部人員擁有股份，但他們並不擁有大量股份，並且一直在出售。在購買之前，我們需要謹慎一些！除了了解正在進行的內部交易之外，確定面臨的風險是有益的。爲此，我們發現了1個風險警告，您可以仔細查看，以更好地了解TopBuild。
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。
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.
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
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@simplywallst.com。
譯文內容由第三人軟體翻譯。