On August 27, 2024, Robert Stefani, Senior Vice President and Chief Financial Officer of Southwest Gas Holdings Inc (NYSE:SWX), sold 11,000 shares of the company. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 33,205,317 shares of Southwest Gas Holdings Inc.
Southwest Gas Holdings Inc., a major player in the utility sector, is engaged in the purchase, distribution and transportation of natural gas to residential, commercial and industrial customers in the Southwest United States. The company also provides construction services throughout North America.
Over the past year, the insider transaction history at Southwest Gas Holdings Inc. showed a balanced activity of insider trades, with 3 insider purchases and 3 insider sales. The recent sale by Robert Stefani marks a continuation of this trend.
Southwest Gas Holdings Inc. shares were trading at $72.6 on the day of the sale. The company currently has a market capitalization of around $5.163 billion. The stock’s price-to-earnings ratio is 28.46, which is higher than both the industry median of 14.845 and the company’s historical median.
The stock’s valuation according to GF Value is $70.54, resulting in a Price to GF Value ratio of 1.03, suggesting that the stock is fairly valued relative to its intrinsic value as calculated by GuruFocus.
The GF value is determined by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into the insider’s view on the stock’s valuation and future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
