Sara Hyzer, CFO at WD-40 Company (WDFC), recently bought 256 shares. The buy increased her position by 7%, and came to a total cost of $57,044.
Hyzer was the last buyer with a 213-share pickup in May 2024. Otherwise, a company managing director was a slight seller of shares over the past year. Going further back, insiders were more likely to be buyers, including a buy from the company CEO, in the past year.
Overall, WDFC insiders own 0.8% of shares.
The specialty chemical manufacturer is down 5% over the past year, slightly underperforming the overall stock market.
However, WDFC has performed well operationally, with a 5% increase in revenues and a healthy 92% jump in earnings.
Shares trade at a premium to the market, at 35 times forward earnings, however, WD40 has a unique niche in its space that justifies some valuation to the overall market.
Action to take: Shares are over 20% off of their all-time highs, and are back to a heavily-traded zone going back to last year. That makes shares attractive for investors now, as they could see a double-digit rise in shares in the quarters ahead.
At current prices, WD-40 also pays a 1.7% dividend.
For traders, there’s a strong possibility for a rebound in the quarters ahead. The August $240 calls, last trading for about $9.80, could see mid-double-digit returns from a move higher into the summer.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.