On November 20, 2024, Nicholas Vlahos, Chief Financial Officer of The Eastern Co, purchased 526 shares of the company, as reported in the SEC Filing. Following this transaction, the insider now owns a total of 4,151 shares of The Eastern Co. The Eastern Co (EML, Financial) is a company engaged in the manufacturing and sale of industrial hardware, security products, and metal castings. The company operates through various segments, providing products and solutions to a diverse range of industries. The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been five insider buys and zero insider sells, indicating a positive sentiment among the company's insiders.
On the day of the purchase, shares of The Eastern Co were trading at $27.5, resulting in a market cap of $174.305 million. The stock's GF Value was estimated at $24.68, giving it a price-to-GF-Value ratio of 1.11. This suggests that the stock is modestly overvalued according to its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts. This insider buying activity by Nicholas Vlahos, along with the overall trend of insider purchases, may be of interest to investors monitoring The Eastern Co's stock performance.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.