On April 1, 2024, Jeffrey Bird, President & CEO of Dril-Quip Inc (NYSE:DRQ), offered 7,500 shares of the corporate. The transaction was filed with the SEC and may be discovered via the next SEC Filing.
Dril-Quip Inc is an organization that designs, manufactures, sells, and companies extremely engineered drilling and manufacturing gear that’s nicely fitted to use in deepwater, harsh surroundings, and extreme service functions. The firm’s merchandise include subsea and floor gear, together with subsea wellheads, subsea timber, subsea management techniques, manifolds, and blowout preventers.
Over the previous yr, the insider has offered a complete of 15,000 shares and has not made any purchases of the corporate’s inventory. The recent sale on April 1 represents half of the whole shares offered by the insider over the previous yr.
The insider transaction historical past for Dril-Quip Inc signifies a pattern of extra insider promoting than shopping for over the previous yr, with 0 insider buys and eight insider sells recorded.
On the day of the insider’s recent sale, shares of Dril-Quip Inc had been buying and selling at $23.14, giving the corporate a market cap of $781.328 million.
The price-earnings ratio of Dril-Quip Inc stands at 2270.00, which is considerably greater than each the business median of 10.735 and the corporate’s historic median price-earnings ratio.
According to the GuruFocus Value, with a worth of $23.14 and a GF Value of $33.05, Dril-Quip Inc has a price-to-GF-Value ratio of 0.7, indicating that the inventory is Significantly Undervalued.
The GF Value is calculated based mostly on historic buying and selling multiples, a GuruFocus adjustment issue, and future business efficiency estimates supplied by Morningstar analysts.
The insider pattern picture above displays the recent promoting exercise by insiders of Dril-Quip Inc.
The GF Value picture above supplies an intrinsic worth estimate for Dril-Quip Inc, suggesting that the inventory is at present undervalued.
This article, generated by GuruFocus, is designed to supply common insights and isn’t tailor-made monetary recommendation. Our commentary is rooted in historic information and analyst projections, using an neutral methodology, and isn’t supposed to function particular funding steering. It doesn’t formulate a suggestion to buy or divest any inventory and doesn’t think about individual funding targets or monetary circumstances. Our goal is to ship long-term, basic data-driven evaluation. Be conscious that our evaluation may not incorporate probably the most recent, price-sensitive firm bulletins or qualitative info. GuruFocus holds no position within the shares talked about herein.
This article first appeared on GuruFocus.
