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No insider purchase over the last 90 days. The latest, by Walker Jerome T., was filed 10 Oct 2023.
Perma-Pipe International Holdings, Inc.: what insiders have been doing
Perma-Pipe International Holdings, Inc., classified in the Industry sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). Between 22 October 2025 and 22 October 2026, 4 insiders published 5 filings.
No open-market purchase or sale appears among the filings, only grants, plan transactions and other operations. Grants and option exercises follow pay plans set in advance, so they reveal less about an insider's own view than a purchase made with personal money.
For context, the typical company on the same exchange (median of 3,171 companies) published 24 filings over the same period, against 5 filings here. Since 2016, the database holds 8 purchases and 45 sales by insiders of the company. The 10-K for the year ended 31 January 2026 shows 210.9 m USD of revenue and 17.0 m USD of net income.
No insider has bought Perma-Pipe International Holdings, Inc. shares on the open market in the past twelve months. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. US insiders must file a Form 4 within two business days of a trade.
This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
191
Thresholds
n/a
Buy Volume
€66,712
8 ops. · all time
Sell Volume
€654,096
45 ops. · all time
Since the insiders bought
- +102.9%Entry US$6.59 · Close at T+365 US$13.37
- +62.7%Entry US$8.05 · Close at T+365 US$13.10
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 7,477 of 26,248 companies
62.3
score / 100
Value60
Quality65
FCF yld-0.5%
Earn yld7.0%
EV/EBITDA8.4x
ROE19%
Gross mgn33%
Net mgn8.1%
Debt/EBITDA1.4x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2026FY ended January 2026 · cache
US$29.59
Analyst consensus
1 analysts1.00/5
US$38.00Target US$38.00(+28%)US$38.00
Income statement
RevenueUS$210.9M
Gross profitUS$69.5M33% margin
EBITDAUS$34.5M16% margin
Net incomeUS$17M6.9% margin
Valuation
PER (trailing)15.6x
P/Book2.6x
Beta0.64
Balance sheet & cash
Market capUS$242.5M
Total debtUS$46.9M
Free Cash Flow-US$1.3M
Debt / Equity48%
Profitability & ownership
ROE19.1%
ROA8.1%
% insiders5.8%
% institutions54.8%
Last declaration on 29 July 2026
Declarations191 total
898 shares@ US$25.440.0090% mcap45.6% of flowCommon StockSEC:0001437749-26-024823:0
2,648 sharesCommon StockSEC:0001437749-26-021946:0
3,144 sharesCommon StockSEC:0001437749-26-021838:0
6,716 sharesCommon StockSEC:0001437749-26-021809:0
576 shares0Common StockSEC:0001437749-26-012110:0
6,349 shares@ US$24.0215.1% of flowCommon StockSEC:0001437749-25-027892:0
601 shares@ US$24.0228.0% of flowCommon StockSEC:0001437749-25-023770:0
5,846 shares@ US$24.0213.9% of flowCommon StockSEC:0001437749-25-023700:0
9,181 shares@ US$23.5121.5% of flowCommon StockSEC:0001437749-25-023436:0
4,877 shares0Common StockSEC:0001437749-25-021561:0
5,527 shares0Common StockSEC:0001437749-25-021540:0
4,877 shares0Common StockSEC:0001437749-25-021530:0
8,829 shares0Common StockSEC:0001437749-25-021444:0
4,877 shares0Common StockSEC:0001437749-25-021413:0
29,259 shares0Common StockSEC:0001437749-25-021412:0
333 shares@ US$23.5115.4% of flowCommon StockSEC:0001437749-25-021376:0
1,722 shares0Common StockSEC:0001437749-25-007256:0
600 shares@ US$12.768.6% of flowCommon StockSEC:0001437749-24-030585:1
500 shares@ US$12.757.2% of flowCommon StockSEC:0001437749-24-030585:2
600 shares@ US$12.767.8% of flowCommon StockSEC:0001437749-24-030589:1
500 shares@ US$12.756.5% of flowCommon StockSEC:0001437749-24-030589:2
600 shares@ US$12.767.8% of flowCommon StockSEC:0001437749-24-030587:1
500 shares@ US$12.756.5% of flowCommon StockSEC:0001437749-24-030587:2
351 shares@ US$12.76016.0% of flowCommon StockSEC:0001437749-24-030585:0
180 shares@ US$12.76013.3% of flowCommon StockSEC:0001437749-24-030589:0
25 of 191 declarations
About Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (PPIH) is a US-listed industrial company traded on the NYSE/NASDAQ market in the United States, with operational ties to Texas. The company occupies a specialized niche within energy and industrial infrastructure: it engineers, manufactures, and sells technical piping systems, leak detection solutions, and anti-corrosion coatings for applications where reliability, safety, and long asset life are critical. Its business model is centered on engineered solutions rather than commodity pipe supply, which typically supports higher technical barriers and more customized project economics. ([sec.gov](https://www.sec.gov/Archives/edgar/data/914122/000143774926012499/ppih20260131_10k.htm?utm_source=openai))
Perma-Pipe International Holdings was incorporated in Delaware in 1993, although its roots in pipe systems and pre-insulated applications go back further through the company’s industrial heritage. Today, PPIH reports one operating segment, “Piping Systems,” which makes its focus straightforward for investors to analyze. Its portfolio includes insulated and jacketed district heating and cooling systems, primary and secondary containment piping for chemicals, hazardous fluids and petroleum products, as well as coating and insulation services for oil and gas gathering and transmission pipelines. The group also applies liquid- and powder-based anti-corrosion coatings to steel pipe, bends, reducers, tees and other fittings used in energy and potable-water transport. ([sec.gov](https://www.sec.gov/Archives/edgar/data/914122/000143774926012499/ppih20260131_10k.htm?utm_source=openai))
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From a competitive standpoint, PPIH operates in a niche market with meaningful entry barriers driven by engineering requirements, safety standards, customer qualifications, and project execution complexity. The company describes itself as a global leader in pre-insulated piping and leak detection systems, with particular strength in district heating and cooling, oil and gas, and other specialized infrastructure applications. That positioning gives it exposure to mission-critical end markets where customers usually value performance, regulatory compliance, and lifecycle durability over low upfront cost. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000914122/000143774925014097/ex_760701.htm?utm_source=openai))
Geographically, the company has an international footprint, serving markets across North America, the Middle East, and other industrial regions. This broad exposure helps PPIH participate in demand linked to energy infrastructure upgrades, urban utility networks, and industrial capital spending. In its most recent disclosures, the company highlighted continued commercial momentum and strategic expansion efforts, including opportunities in adjacent markets such as AI infrastructure and next-generation data centers, which could broaden the addressable market over time. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000914122/000143774926016549/ppih20260129_def14a.htm?utm_source=openai))
A key recent development is the company’s stronger operating backdrop and its strategic initiative discussions in 2025 and 2026. PPIH reported materially improved sales performance and described a disciplined growth strategy, while also noting that its board had explored strategic alternatives to maximize shareholder value. For investors, that combination matters: it suggests a small-cap industrial platform with niche expertise, leverage to infrastructure spending, and potential optionality from strategic actions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000914122/000143774926016549/ppih20260129_def14a.htm?utm_source=openai))
