3 ASX All Ords directors buying up their company shares this week

Investors like seeing directors spending their own money investing in their own companies.

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The ASX All Ords (ASX: XAO) closed in the red today, down 0.6% to 7,364.4 points.

In this article, we reveal which directors have raised their personal stakes in the companies they run.

ASX All Ords directors buying up big

Aurizon Holdings Ltd (ASX: AZJ)

Aurizon independent non-executive Tim Longstaff bought 27,500 shares on Tuesday.

He paid an average price of $3.6197 per share for a total consideration of $99,541.75.

The on-market purchase represented Longstaff's first purchase since joining the board on 1 June.

Aurizon reported its FY23 full-year results on Monday.

The rail operator revealed a 30% fall in underlying net profit after tax (NPAT) to $367 million and slashed its final dividend by 27% to 8 cents per share.

The ASX All Ords share closed the session on Thursday up 0.54% to $3.69.

GWA Group Ltd (ASX: GWA)

GWA independent chair and non-executive director Darryl McDonough purchased 30,000 shares on Monday.

This raised his stake in the company by 17.6%, from 170,000 shares to 200,000 shares.

He purchased the ASX All Ords shares on-market through his superannuation fund for $62,480.75.

That means an average price of $2.08 per GWA share.

GWA designs, imports, and markets building fixtures and fittings.

The company released its FY23 full-year results on the same day as McDonough's purchase.

The company reported a statutory NPAT of $43.2 million, up 22.7% on FY22.

The ASX All Ords share closed at $2.08 today, down 1.42%.

Boral Limited (ASX: BLD)

Boral non-executive director Mark Johnson has declared an indirect purchase of 10,000 Boral shares.

Johnson purchased the building supplies stock for $50,700 on-market on Monday.

That means an average price of $5.07 per Boral share.

Boral released its FY23 full-year results last week.

The company revealed quadrupled underlying NPAT of $142.7 million.

The ASX All Ords share finished trading at $5.06, down 0.39% for the day.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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