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Wish you could get an inside peak at your favorite companies? One idea is to look at a stock's insider buying, or shares being purchased by company insiders such as members of the board and upper management.

To illustrate, we ran a screen. We began by screening the basic materials industry for stocks that appear undervalued relative to earnings growth, with PEG below 1.

We then screened these names for those with the confidence of their company insiders, including members of the board and upper management, with significant net insider purchases over the last six months representing at least 2% of share float.

Since most companies only have a handful of company insiders, net insider purchases representing 2% of share float is a big show of confidence in their employer's prospects.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks will outperform like their employees expect? Use this list as a starting point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. Yongye International, Inc. (NASDAQ:YONG): Engages in the research, development, manufacture, and sale of fulvic acid based liquid and powder nutrient compounds for plants and animals, which are used in the agriculture industry in the People's Republic of China. Market cap at $149.09M, most recent closing price at $3.02. PEG at 0.18. Over the last six months, insiders were net buyers of 2,128,040 shares, which represents about 5.63% of the company's 37.79M share float.

2. Kraton Performance Polymers Inc. (NYSE:KRA): Produces styrenic block copolymers for use in industrial and consumer applications worldwide. Market cap at $716.7M, most recent closing price at $22.05. PEG at 0.87. Over the last six months, insiders were net buyers of 957,100 shares, which represents about 3.49% of the company's 27.46M share float.

3. LyondellBasell Industries NV (NYSE:LYB): Manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for production of polymers. Market cap at $22.84B, most recent closing price at $40.48. PEG at 0.83. Over the last six months, insiders were net buyers of 5,935,190 shares, which represents about 1.85% of the company's 320.86M share float.

*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 3 Undervalued Basic Materials Stocks Being Snapped Up By Insiders