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Weekly CEO Buys Highlight: LUB, PG, LEG, BGCP, NOR

November 07, 2010 | About:
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Last week’s top five stocks that were bought by their CEos were Luby's Inc, The Procter & Gamble Company, Leggett & Platt Inc, BGC PARTNERS, INC, and Noranda Aluminum Holding. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Luby's Inc. (LUB): President and CEO, 10% Owner Christopher James Pappas Bought 156,612 Shares

President and CEO, 10% Owner of Luby's Inc. (LUB) Christopher James Pappas bought 156,612 shares on 11/02/2010 at an average price of $5.4. Luby's, Inc. is a holding company. They operate cafeteria-style restaurants under the name Luby's located in close proximity to retail centers, business developments, and residential areas. Luby's Inc. has a market cap of $151.5 million; its shares were traded at around $5.4 with and P/S ratio of 0.5.

Luby’s recently reported its 4th quarter results. Restaurant sales were $76.8 million, an increase of $5.8 million compared to the same quarter last year. The increase is due to the one-month contribution of the company-owned Fuddruckers locations, partially offset by a $0.4 million decline in restaurant sales at continuing Luby’s locations. Same-store sales, from a total of 96 Luby’s restaurants, decreased approximately 0.5% compared to the same quarter last year.

Buy: COO, 10% Owner Harris J Pappas bought 156,612 shares of LUB stock on 11/02/2010 at the average price of 5.07. Harris J Pappas owns at least 4,610,447 shares after this. The price of the stock has increased by 6.51% since.

The Procter & Gamble Company (PG): COB, Pres. & CEO Robert A Mcdonald Bought 6,423 Shares

COB, Pres. & CEO of The Procter & Gamble Company (PG) Robert A Mcdonald bought 6,423 shares on 10/28/2010 at an average price of $65. The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world.

The Procter & Gamble Company has a market cap of $184.03 billion; its shares were traded at around $65 with a P/E ratio of 17.7 and P/S ratio of 2.3. The dividend yield of The Procter & Gamble Company stocks is 3.1%. The Procter & Gamble Company had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3.5-star.

PG recently reported first fiscal quarter diluted net earnings per share from continuing operations of $1.02 per share, an increase of five percent and above the Company's guidance range of $0.97 to $1.01. Net sales increased two percent to $20.1 billion behind broad-based volume growth.

Jean-Marie Eveillard owns 617,520 shares as of 06/30/2010, an increase of 48.01% from the previous quarter. This position accounts for 0.27% of the $13.96 billion portfolio of First Eagle Investment Management, LLC. Mario Gabelli owns 421,693 shares as of 06/30/2010, a decrease of 73.87% of from the previous quarter. This position accounts for 0.16% of the $16.22 billion portfolio of GAMCO Investors.

Sell: Global Product Supply Officer R Keith Harrison sold 31,622 shares of PG stock on 11/04/2010 at the average price of 64.74. R Keith Harrison owns at least 117,246 shares after this. The price of the stock has increased by 0.4% since. Other insiders have also decreased their positions in the company.

Leggett & Platt Inc. (LEG): CEO & Pres David S Haffner Bought 5,000 Shares

CEO & Pres of Leggett & Platt Inc. (LEG) David S Haffner bought 5,000 shares on 11/02/2010 at an average price of $20.5. Leggett & Platt, Inc. is one of the manufacturers of engineered products serving several major markets. Leggett & Platt Inc. has a market cap of $3.11 billion; its shares were traded at around $20.5 with a P/E ratio of 17.3 and P/S ratio of 1. The dividend yield of Leggett & Platt Inc. stocks is 5%.

Leggett & Platt reported third quarter earnings per diluted share of $.31 (including a $.02 per share net LIFO expense). In the third quarter of 2009, earnings were $.34 per share (including a $.05 per share net LIFO benefit). Compared to third quarter 2009, third quarter 2010 earnings benefited from higher unit volumes and lower effective tax rates; these factors were more than offset by an increase in net LIFO expense (of $.07 per share) and higher-cost raw materials.

Richard Aster Jr owns 19,425 shares as of 06/30/2010, which accounts for 0.02% of the $2.19 billion portfolio of Meridian Fund.

Sell: Senior Vice President - CFO Matthew C Flanigan sold 20,000 shares of LEG stock on 07/27/2010 at the average price of 22.09. Matthew C Flanigan owns at least 156,180 shares after this. The price of the stock has decreased by 7.2% since.

BGC PARTNERS, INC. (BGCP): Chairman and CEO, 10% Owner Howard W Lutnick Bought 13,668 Shares

Chairman and CEO, 10% Owner of BGC PARTNERS, INC. (BGCP) Howard W Lutnick bought 13,668 shares on 11/03/2010 at an average price of $7.61. BGC PARTNERS, INC. is a global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. Bgc Partners, Inc. has a market cap of $675.8 million; its shares were traded at around $7.61 with a P/E ratio of 16.9 and P/S ratio of 0.5. The dividend yield of Bgc Partners, Inc. stocks is 7.6%.

For the third quarter of 2010, revenues for distributable earnings were $327.0 million, compared with $291.2 million a year earlier. BGC Partners’ GAAP revenues were $326.5 million compared with $289.4 million in the third quarter of 2009.

Buy: Director John H Dalton bought 9,000 shares of BGCP stock on 07/21/2010 at the average price of 4.89. John H Dalton owns at least 49,807 shares after this. The price of the stock has increased by 55.62% since.

Noranda Aluminum Holding (NOR): Pres/CEO Layle Kiplind Smith Bought 5,000 Shares

Pres/CEO of Noranda Aluminum Holding (NOR) Layle Kiplind Smith bought 5,000 shares on 11/02/2010 at an average price of $12.04. Noranda Aluminum Holding Corporation, headquartered in Franklin, Tennessee, is a North American integrated producer of primary aluminum products and rolled aluminum coils. Noranda Aluminum Holding has a market cap of $669.2 million; its shares were traded at around $12.04 with and P/S ratio of 0.9.

NOR recently reported its third quarter 2010 results. For the quarter, Noranda's performance resulted in diluted earnings per share of $0.45 on net income of $25.2 million. These results include the after-tax positive impact of special items of $16.6 million or $0.29 per diluted share. During the quarter, operating cash flow generated $31.0 million and Adjusted EBITDA was $33.0 million.

HOTCHKIS & WILEY bought 2,490,300 shares in the quarter that ended on 06/30/2010, which is 0.12% of the $13.48 billion portfolio of HOTCHKIS & WILEY Capital Management LLC.

Buy: Director Richard B Evans bought 10,000 shares of NOR stock on 09/14/2010 at the average price of 8.27. Richard B Evans owns at least 10,000 shares after this. The price of the stock has increased by 45.59% since.


Rating: 5.0/5 (3 votes)

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