Justin Palfreyman, President & CEO at Northwest Natural Holding Co (NWN), bought 1,225 shares at $48.75 ($60K) on 2026-05-07, disclosed to the SEC on 2026-05-07.
President and CEO Justin Palfreyman purchased 1,225 shares for $59,718.75, marking the largest purchase of his career and a rare reversal after 15 consecutive sales. This move coincides with Q1 2026 results that reaffirmed full-year guidance of $2.95-$3.15 per share, signaling confidence in the regulated utility's earnings durability.
The stock is trading at $50.065, down 5.45% over the last five days and 9.04% over the past month, but remains 10.58% below its 52-week high of $55.99.
Management reaffirmed full-year 2026 earnings guidance of $2.95-$3.15 per share on May 10; the Q1 2026 earnings call is scheduled for May 13; and the CEO's purchase of 1,225 shares on May 7 marks the largest trade of his career.
The stock faces pressure from a short interest of 4.52% and recent news indicating the company missed first-quarter expectations despite reaffirming guidance.
Something here stands out, but not much.
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