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Weekly Guru Bargains Highlights: Whirlpool Corp, Plexus Corp, Pulte Homes Inc, Owens Corning, Covance Inc.

September 18, 2010 | About:

guruyt

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Last week’s top five guru bargain stocks were Whirlpool Corp, Plexus Corp, Pulte Homes Inc, Owens Corning, and Covance Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Whirlpool Corp. (WHR): Down 25% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2010-06-30

Manning & Napier Advisors, Inc added to his holdings in Furnishings company Whirlpool Corp. by 24.89% during the quarter ended 06/30/2010. They owned 4,385 shares of as of 06/30/2010. Whirlpool Corp. manufactures and markets a full line of major appliances and related products, primarily for home use. Whirlpool Corp. has a market cap of $5.66 billion; its shares were traded at around $74.49 with a P/E ratio of 8.7 and P/S ratio of 0.3. The dividend yield of Whirlpool Corp. stocks is 2.3%.

Whirlpool recently reported that second-quarter net earnings rose 163 percent to $205 million, or $2.64 per diluted share, compared to $78 million, or $1.04 per diluted share reported during the same period last year. Second-quarter adjusted diluted earnings per share(1) totaled $2.82 compared to $0.94 in the prior year. Sales of $4.5 billion increased 9 percent from the $4.2 billion reported in the second quarter of 2009. Excluding the impact of foreign exchange translation, the company's second-quarter sales increased approximately 6 percent.

Ken Heebner bought 1,941,200 shares in the quarter that ended on 06/30/2010, which is 3.1% of the $5.5 billion portfolio of CAPITAL GROWTH MANAGEMENT LP. David Dreman owns 26,628 shares as of 06/30/2010, a decrease of 20.13% of from the previous quarter. This position accounts for 0.06% of the $3.83 billion portfolio of Dreman Value Management. Richard Pzena sold out his holdings in the quarter that ended on 06/30/2010. George Soros sold out his holdings in the quarter that ended on 06/30/2010.

Buy: Director William D Perez bought 1,000 shares of WHR stock on 08/11/2010 at the average price of 80.21. William D Perez owns at least 3,520 shares after this. The price of the stock has decreased by 7.13% since. Other insiders have also increased their positions in the company.

Plexus Corp. (PLXS): Down 23% Since Steven Cohen Bought In the Quarter Ended on 2010-06-30

Steven Cohen initiated holdings in Electrical Components & Equipment company Plexus Corp. during the quarter ended 06/30/2010. He owned 13,342 shares of as of 06/30/2010.Plexus Corp., through its subsidiaries, provides product realization services to original equipment manufacturers in the medical, computer, industrial, networking, telecommunications and transportation electronics industries. Plexus Corp. has a market cap of $1.07 billion; its shares were traded at around $26.41 with a P/E ratio of 14.2 and P/S ratio of 0.7. Plexus Corp. had an annual average earning growth of 33.9% over the past 5 years.

Plexus recently reported its third fiscal quarter 2010 results. The company reported revenues of $536 million. Dean Foate, President and CEO, commented, “Our third fiscal quarter of 2010 established a new milestone for Plexus as revenues, for the first time, surpassed $500 million. Revenues grew 9% over the prior quarter to $536 million as we experienced robust sequential growth in all of our market sectors with the exception of Wireless Infrastructure, which declined during the quarter. Earnings leverage was strong with EPS of $0.59, up 16% over the prior quarter. Return on invested capital (ROIC) improved to 19%, moving this key financial metric closer to our 20% target.”

Kenneth Fisher owns 1,705,732 shares as of 06/30/2010, which accounts for 0.16% of the $28.08 billion portfolio of Fisher Asset Management, LLC. James Barrow owns 1,577,510 shares as of 06/30/2010, which accounts for 0.11% of the $39.62 billion portfolio of Barrow, Hanley, Mewhinney & Strauss.

Sell: President and CEO Dean A Foate sold 12,500 shares of PLXS stock on 04/20/2010 at the average price of 38.84. Dean A Foate owns at least 33,122 shares after this. The price of the stock has decreased by 32% since. There are mixed trades from other insiders.

Pulte Homes Inc. (PHM): Down 25% Since Jim Simons Bought In the Quarter Ended on 2010-06-30

Jim Simons added to his holdings in Home Construction company Pulte Homes Inc. by 114.45% during the quarter ended 06/30/2010. He owned 3,929,387 shares of as of 06/30/2010. Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. Pulte Homes Inc. has a market cap of $3.16 billion; its shares were traded at around $8.25 with and P/S ratio of 0.8.

PHM recently reported its second quarter 2010 results.

PulteGroup's second quarter results include approximately $45 million of land and mortgage-related charges. For the six months ended June 30, 2010, PulteGroup reported net income of $64 million, or $0.17 per share, compared with a prior year net loss of $704 million, or $2.77 per share. Consolidated revenue for the period was $2.3 billion, an increase of 84% from $1.3 billion for the first six months of last year.

George Soros owns 39,100 shares as of 06/30/2010, an increase of 45.35% from the previous quarter. This position accounts for 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. Arnold Schneider sold out his holdings in the quarter that ended on 06/30/2010.

Sell: Director Timothy R Eller sold 25,000 shares of PHM stock on 03/30/2010 at the average price of 11.54. Timothy R Eller owns at least 914,393 shares after this. The price of the stock has decreased by 28.51% since. Other insiders have also decreased their positions in the company.

Owens Corning (OC): Down 22% Since Andreas Halvorsen Bought In the Quarter Ended on 2010-06-30

Andreas Halvorsen added to his holdings in Building Materials & Fixtures company Owens Corning by 3038.9% during the quarter ended 06/30/2010. His purchase prices were between $26.18 and $36.18, with an estimated average price of $31.82. Since then the prices of Owens Corning shares have declined by -22% from the estimated average. Andreas Halvorsen owned 6,213,615 shares of as of 06/30/2010.

Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning has a market cap of $3.18 billion; its shares were traded at around $24.76 with a P/E ratio of 15.3 and P/S ratio of 0.7.

Owens Corning's second-quarter 2010 adjusted earnings were $73 million, or $0.57 per adjusted diluted share, compared with $62 million, or $0.49 per adjusted diluted share, in the second quarter of 2009. The company's second-quarter 2010 net earnings were $937 million, or $7.33 per diluted share, compared with net earnings of $33 million, or $0.26 per diluted share, in the second quarter of 2009. See Tables 1, 2 and 3 for a discussion and reconciliation of these items.



Steve Mandel bought 2,007,315 shares in the quarter that ended on 06/30/2010, which is 0.59% of the $10.16 billion portfolio of Lone Pine Capital. John Keeley bought 62,000 shares in the quarter that ended on 06/30/2010, which is 0.03% of the $5.56 billion portfolio of Keeley Fund Management. George Soros bought 8,800 shares in the quarter that ended on 06/30/2010, which is 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC.

Buy: Sr. VP, Gen. Counsel & Secy Stephen K Krull bought 1,848 shares of OC stock on 08/17/2010 at the average price of 27.01. Stephen K Krull owns at least 100,480 shares after this. The price of the stock has decreased by 8.33% since. There are mixed trades from other insiders.

Covance Inc. (CVD): Down 27% Since Jeremy Grantham Bought In the Quarter Ended on 2010-06-30

Jeremy Grantham added to his holdings in Biotechnology company Covance Inc. by 79.53% during the quarter ended 06/30/2010. He owned 399,320 shares of as of 06/30/2010.Covance Inc. is a contract research organization providing a widerange of product development services on a worldwide basis to thepharmaceutical, biotechnology and medical device industries. Covance Inc. has a market cap of $2.66 billion; its shares were traded at around $41.1 with a P/E ratio of 17.2 and P/S ratio of 1.4. Covance Inc. had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated Covance Inc. the business predictability rank of 3-star.

Covance recently reported its second quarter 2010 results. Net revenues for the second quarter were $475 million, an increase of 2% over the second quarter of last year. Sequentially, net revenues declined $6.8 million but was up $1.7 million at constant exchange rates.

George Soros bought 7,200 shares in the quarter that ended on 06/30/2010, which is 0.01% of the $3.31 billion portfolio of Soros Fund Management LLC. Ron Baron owns 3,111,506 shares as of 06/30/2010, which accounts for 1.13% of the $14.08 billion portfolio of Baron Funds.

Buy: Chairman and CEO Joseph L Herring bought 20,000 shares of CVD stock on 08/02/2010 at the average price of 38.95. Joseph L Herring owns at least 237,202 shares after this. The price of the stock has increased by 5.52% since. There are mixed trades from other insiders.


Rating: 2.8/5 (4 votes)

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