U.S. Markets closed
  • S&P Futures

    3,656.50
    +33.25 (+0.92%)
     
  • Dow Futures

    29,890.00
    +261.00 (+0.88%)
     
  • Nasdaq Futures

    12,385.50
    +108.50 (+0.88%)
     
  • Russell 2000 Futures

    1,842.90
    +22.80 (+1.25%)
     
  • Crude Oil

    44.97
    -0.37 (-0.82%)
     
  • Gold

    1,788.40
    +7.50 (+0.42%)
     
  • Silver

    22.96
    +0.37 (+1.62%)
     
  • EUR/USD

    1.1960
    +0.0026 (+0.2153%)
     
  • 10-Yr Bond

    0.8440
    +0.0020 (+0.24%)
     
  • Vix

    20.57
    -0.27 (-1.30%)
     
  • GBP/USD

    1.3357
    +0.0025 (+0.1897%)
     
  • USD/JPY

    104.4340
    +0.1100 (+0.1054%)
     
  • BTC-USD

    19,563.53
    +53.65 (+0.27%)
     
  • CMC Crypto 200

    384.10
    +19.51 (+5.35%)
     
  • FTSE 100

    6,266.19
    -101.39 (-1.59%)
     
  • Nikkei 225

    26,818.27
    +384.65 (+1.46%)
     

How Much Are Oshkosh Corporation (NYSE:OSK) Insiders Taking Off The Table?

Simply Wall St

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look at whether insiders have been buying or selling shares in Oshkosh Corporation (NYSE:OSK).

Do Insider Transactions Matter?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, rules govern insider transactions, and certain disclosures are required.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.

See our latest analysis for Oshkosh

Oshkosh Insider Transactions Over The Last Year

The President, Wilson Jones, made the biggest insider sale in the last 12 months. That single transaction was for US$1.3m worth of shares at a price of US$79.04 each. That means that even when the share price was below the current price of US$89.26, an insider wanted to cash in some shares. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 8.7% of Wilson Jones's holding.

All up, insiders sold more shares in Oshkosh than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NYSE:OSK Recent Insider Trading, October 31st 2019
NYSE:OSK Recent Insider Trading, October 31st 2019

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Oshkosh

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. Insiders own 1.1% of Oshkosh shares, worth about US$68m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Oshkosh Tell Us?

It doesn't really mean much that no insider has traded Oshkosh shares in the last quarter. We don't take much encouragement from the transactions by Oshkosh insiders. But it's good to see that insiders own shares in the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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, but not derivative transactions.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.