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Weekly CEO Buys Highlight: CA, NL

January 29, 2011 | About:
guruat

guruat

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Does the dramatic decline of the number of insider buys suggest us something? CEOs on average are smart guys who know well about the outlook of their companies.

Last week's top stocks that were bought by their CEOs were Ca Inc and NL Industries Inc. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Ca Inc (CA): CEO William E Mccracken Bought 15,000 Shares

CEO of Ca Inc (CA) William E Mccracken bought 15,000 shares on 01/27/2011 at an average price of $23.38. Computer Associates International is one of the world's largest information technology management software companies, unifies and simplifies the management of enterprise-wide IT. Ca Inc has a market cap of $11.96 billion; its shares were traded at around $23.38 with a P/E ratio of 13.8 and P/S ratio of 2.8. The dividend yield of Ca Inc stocks is 0.6%. Ca Inc had an annual average earning growth of 22.5% over the past 5 years.

CA recently reported its third quarter 2010 results. Revenue was $1.165 billion, up 5 percent in constant currency and 4 percent as reported.

George Soros bought 9,800 shares in the quarter that ended on 09/30/2010, which is less than 0.01% of the $6.69 billion portfolio of Soros Fund Management LLC. HOTCHKIS & WILEY owns 26,804,230 shares as of 09/30/2010, which accounts for 3.82% of the $14.81 billion portfolio of Hotchkis & Wliey Capital Management LLC. Richard Pzena owns 15,430,106 shares as of 09/30/2010, which accounts for 3.19% of the $10.22 billion portfolio of Pzena Investment Management LLC.

Buy: Director Arthur F Weinbach bought 20,000 shares of CA stock on 08/05/2010 at the average price of 19.78. Arthur F Weinbach owns at least 25,000 shares after this. The price of the stock has increased by 18.2% since.

Nl Inds Inc (NL): Chairman of the Board and CEO, 10% Owner Harold C Simmons Bought 4,000 Shares

Chairman of the Board and CEO, 10% Owner of Nl Inds Inc (NL) Harold C Simmons bought 4,000 shares during the past week at an average price of $12.29. NL INDUSTRIES, INC. conducts its operations through its two wholly-owned subsidiaries, Kronos, Inc. Nl Inds Inc has a market cap of $597.7 million; its shares were traded at around $12.29 with a P/E ratio of 87.8 and P/S ratio of 5.2. The dividend yield of Nl Inds Inc stocks is 4.1%.

NL recently reported net income attributable to NL stockholders of $11.5 million, or $.24 per share, in the third quarter of 2010 compared to net income of $3.1 million, or $.06 per share, in the third quarter of 2009. For the first nine months of 2010, NL reported net income attributable to NL stockholders of $13.5 million, or $.23 per share, compared to a net loss of $10.9 million, or $.22 per share, in the first nine months of 2009.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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