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Austal ( (AU:ASB) ) has shared an update.
Austal Limited has disclosed a change in director Richard Gibb’s relevant interest in the company’s securities, following his indirect on‑market purchase of additional shares. Through Milkstone Holdings Pty Ltd, Gibb acquired 3,000 fully paid ordinary shares on 4 March 2026 for about $14,879, increasing his holding from 5,000 to 8,000 shares.
The transaction, conducted as an on‑market purchase, did not occur during a closed trading period and required no special clearance under the company’s trading policy. The modest increase in Gibb’s stake signals continued alignment of the director’s financial interests with those of shareholders, but does not represent a material shift in the company’s ownership structure.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Austal stock, see the AU:ASB Stock Forecast page.
More about Austal
Austal Limited is a shipbuilding company listed on the ASX, focused on designing, constructing, and supporting defense and commercial vessels. The company operates in the global maritime industry, supplying high-speed vessels and related services to government and commercial customers.
Average Trading Volume: 1,775,055
Technical Sentiment Signal: Buy
Current Market Cap: A$2.12B
See more insights into ASB stock on TipRanks’ Stock Analysis page.