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.
去年，洛克希德·馬丁公司（紐約證券交易所代碼：LMT）的許多內部人士出售了該公司的大量股份，這可能引起了股東的關注。在分析內幕交易時，了解內部人士是否在買入通常比知道他們是否在賣出更有價值，因爲後者發出的信息模棱兩可。但是，當多個內部人士在特定期限內出售股票時，股東應注意，因爲這可能是一個危險信號。
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.
儘管我們絕不會建議投資者僅根據公司董事的所作所爲做出決定，但我們認爲完全忽視內幕交易是愚蠢的。
The Last 12 Months Of Insider Transactions At Lockheed Martin
洛克希德·馬丁公司最近12個月的內幕交易
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.
首席運營官弗蘭克·聖約翰進行了過去12個月中最大規模的內幕出售。這筆單筆交易是價值280萬美元的股票，每股價格爲428美元。這意味着一位內部人士正在以略低於當前價格（466美元）的價格出售股票。當內部人士以低於當前價格的價格出售時，這表明他們認爲較低的價格是公平的。這讓我們想知道他們如何看待最近（更高的）估值。但是，儘管內幕銷售有時令人沮喪，但這只是一個微弱的信號。此次出售是弗蘭克·聖約翰100％的股份。
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!
洛克希德·馬丁公司內部人士的總銷售量超過了去年的買入量。你可以在下面看到過去 12 個月內幕交易（公司和個人）的直觀描述。如果你點擊圖表，你可以看到所有的個人交易，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).
如果你喜歡買入內部人士正在買入的股票，而不是賣出，那麼你可能會喜歡這份免費的公司名單。（提示：它們中的大多數都在雷達下飛行）。
Insider Ownership
內部所有權
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.
我喜歡看看內部人士在一家公司擁有多少股票，以幫助我了解他們與內部人士的看法。通常，內部人士的所有權越高，內部人士長期建立公司的可能性就越大。洛克希德·馬丁內部人士似乎擁有該公司0.06％的股份，價值約6400萬美元。當然，我們在其他地方看到了更高的內部所有權水平，但這些持股足以表明內部人士與其他股東之間的一致性。
So What Does This Data Suggest About Lockheed Martin Insiders?
那麼這些數據對洛克希德·馬丁內部人士有什麼啓示呢？
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·馬丁公司的內幕交易這一事實肯定不會打擾我們。儘管如此，洛克希德·馬丁公司在過去12個月中的內幕交易並不十分令人鼓舞。但很高興看到內部人士擁有該公司的股份。因此，雖然了解內部人士在買入或賣出方面的所作所爲很有幫助，但了解特定公司面臨的風險也很有幫助。在投資風險方面，我們已經向洛克希德·馬丁公司確定了一個警告信號，並知道這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，通過尋找其他地方，你可能會找到一筆不錯的投資。因此，來看看這份有趣的公司的免費清單吧。
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.
就本文而言，內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益，不包括衍生品交易或間接權益。
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 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。