Top Insider Buys Highlight for the Week of Sept. 18
- By Shuda Xia
The largest insider buys this week were in TransDigm Group Inc. (NYSE:TDG), Weyerhaeuser Co. (NYSE:WY), Molson Coors Beverage Co. (NYSE:TAP) and VICI Properties Inc. (NYSE:VICI).
TransDigm Group director bought 133,310 shares
Director Robert J. Small bought 133,310 shares of TransDigm on Sept. 15 for an average price of $507.82. The stock has declined 0.46% since then.
TransDigm is an American manufacturing and aerospace company that focuses on developing, distributing and manufacturing commercial and military aerospace components. The company was ranked as 650 on the Fortune 1,000 list in 2019 by Forbes and is a component of the S&P 500.The company has a market capitalization of $27.4 billion; as of Sept. 18, it traded at $505.50.
Weyerhaeuser director bought 10,000 shares
Director Albert Monaco bought 10,000 shares of Weyerhaeuser on Sept. 16 for an average price of $29.11. The share price has decreased by 4.74% since then.
Weyerhaeuser Co. is an American international real estate investment trust that is one of the world's largest private owners of timberlands. The company owns or controls 12.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses in Canada. The company has a market capitalization of $20.69 billion; as of Sept. 18, it traded at $27.73.
On Sept. 1, Weyerhaeuser announced it entered into two agreements to purchase timberlands from and sell timberlands to funds managed by Hancock Natural Resource Group, a Manulife Investment Management company. The company is purchasing 85,000 acres of timberlands in mid-coastal Oregon and selling 149,000 acres of timberlands in southern Oregon. The net cost of both these transactions total $40 million in cash.
Molson Coors Beverage director bought 3,000 shares
Director Louis Vachon bought 3,000 shares of Molson Coors on Sept. 14 for an average price of $35.28. The stock has declined 2.75% since then.
Molson Coors Brewing is an American international brewing company that was formed in 2005 by the merger of two companies: Molson, which was based in Canada, and Coors, which was based in the United States. The company is the second-largest brewer in the United States. The company has a market capitalization of $7.84 billion; as of Sept. 18, it traded at $34.31.
On Sept. 9, Molson Coors announced that the company will be releasing a new offering of nonalcoholic products this fall as part of the company's efforts to expand beyond the beer aisle and reach more consumers. Some of the company's new products is created in partnership with L.A. Libations, which it obtained a long-term minority stake in during November of 2019.
VICI Properties director bought 10,000 shares
Director James R. Abrahamson bought 10,000 shares of VICI on Sept. 15 for an average price of $25.15. The stock has declined 5.33% since then.
VICI Properties is an American real estate investment trust that focuses on investing in casino properties based in New York City. The company was formed in 2017 as a spinoff from Caesars Entertainment Corp. and owns 30 casinos, hotels and racetracks and four golf courses throughout the United States. The company is also a component of the Russell 1000. The company has a market capitalization of 12.71 billion; as of Sept. 18, it traded at $23.81.
On Sept. 10, VICI Properties announced the board of directors declared a regular quarterly cash dividend of 33 cents per share of common stock, or an annualized amount of $1.32 per share. This dividend represents a 10.9% increase from the current dividend rate. The dividend will be payable on Oct. 8 to stockholders of record at the close of business on Sept. 30.
For the complete list of stocks that were bought by their company executives, go to insider trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.
