ASX 200 Insider Trades: Directors bought and sold these 5 stocks last week
James Hardie's CEO is buying into recent strength, while Catalyst Metals' largest shareholder is offloading at record highs.
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Mentioned
Welcome back to the Insider Trades series – a weekly summary of on-market ASX 200 director transactions valued at more than $10,000. The below trades have all taken place between 1 and 3 December 2025. Directors have up to 5 business days to notify the ASX of their trades.
Top ASX 200 Insider Buys
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
JHX | James Hardie | 2/12/25 | $19.17 | $517,590 | |
ZIP | Zip Co | 1/12/25 | $3.37 | $185,350 | |
DYL | Deep Yellow | 3/12/25 | $1.65 | $51,549 | |
MTS | Metcash | 2/12/25 | $3.32 | $49,845 | |
DYL | Deep Yellow | 3/12/25 | $1.65 | $49,840 | |
MTS | Metcash | 3/12/25 | $3.37 | $16,835 |
James Hardie CEO buys
James Hardie CEO Aaron Erter has made two notable share purchases in recent weeks:
2 December: 27,000 shares ($517,590) at $19.17 per share
21 November: 27,000 shares ($506,520) at $18.76 per share
These purchases increased his beneficial ownership by 71% to 128,838 shares.
The past 12-18 months have been extremely challenging for James Hardie amid a difficult macroeconomic backdrop and the disappointing acquisition of AZEK, which was purchased at a high price and is no longer expected to be earnings accretive in its first full year.
James Hardie suffered a sharp 30% selloff during August reporting season after downgrading its FY26 guidance to reflect weaker-than-expected North American volumes, ongoing channel destocking, and an uncertain US housing backdrop. The result raised concerns about the near-term US housing environment and channel destocking, which drove the sharp volume decline.
However, the stock rallied 9.8% on 18 November after the company upgraded its FY26 adjusted EBITDA guidance to $1.20-1.25 billion versus prior guidance of $1.05-1.15 billion and market expectations of $1.17 billion. This represents an 11% upgrade from prior estimates and 4.7% above consensus.
Guidance commentary: "For Siding & Trim, we've seen more stable market conditions and normalized inventory levels than we had embedded in our prior outlook, giving us the confidence to modestly raise full-year guidance for the segment. We continue to expect the Exteriors market to be challenging in the near term, and have reflected that assumption in our updated Siding & Trim guidance range."
The stock has gained a further 5.6% since the guidance upgrade, but remains down 40% year-to-date.
All the other directors in the above list are non-executive directors.
Top ASX 200 Insider Sells
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
CYL | Catalyst Metals | 2/12/25 | $6.67 | $1,668,168 |
Catalyst NED continues to offload
Catalyst Metals' Non-Executive Director Robin Scrimgeour is one of the company's largest shareholders, having accumulated around 10 million shares since 2009. Scrimgeour spent 17 years at Credit Suisse across London, Tokyo, Hong Kong and Singapore, where he specialized in providing structured hybrid financing to Asian corporates for resource sector projects and acquisitions.
Scrimgeour has recorded five on-market sales this year. The first four all occurred in January, each valued at approximately $260,000 at $3.50 per share. The latest sale represents his largest on record at $1.66 million at more than double previous prices. Collectively, he has sold around 560,000 shares, though this represents only 5% of his beneficial holdings.
