Weekly CFO Sells Highlight: TRMB, AA, BECN, PX, AMG, JOEZ

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Feb 20, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week are: Trimble Navigation Ltd., ALCOA INC, Beacon Roofing Supply Inc, PRAXAIR INC, AFFILIATED MANAGERS GROUP, and Joe’s Jeans Inc.



Trimble Navigation Ltd. (TRMB, Financial): CFO Rajat Bahri Sold 200,000 Shares



CFO of Trimble Navigation Ltd. (TRMB) Rajat Bahri sold 200,000 shares on 02/14/2011 at an average price of $47.81. Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Trimble Navigation Ltd. has a market cap of $6.03 billion; its shares were traded at around $50.19 with a P/E ratio of 35.1 and P/S ratio of 4.7. Trimble Navigation Ltd. had an annual average earning growth of 15% over the past 10 years. GuruFocus rated Trimble Navigation Ltd. the business predictability rank of 3-star.



Trimble Navigation Ltd. has released its fourth quarter, 2010 results. During its fourth quarter, the company reported revenue of $323.3 million, a %17 increase from its prior year quarter. Fourth quarter net income was $36.6 million, up %283 from prior year quarter.


Sell: President $ CEO Steven W Berglund sold 100,000 shares of TRMB stock on 02/10/2011 at the average price of 47.52. CFO Rajat Bahri sold 200,000 shares of TRMB stock on 02/14/2011 at the average price of 47.81. The price of the stock has increased by 4.98% since.



ALCOA INC (AA, Financial): Executive VP and CFO Charles D Mclane Sold 180,000 Shares



Executive VP and CFO of ALCOA INC (AA) Charles D Mclane sold 180,000 shares on 02/11/2011 at an average price of $17.18. Alcoa Inc. is the world's producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa Inc has a market cap of $17.65 billion; its shares were traded at around $17.28 with a P/E ratio of 32.6 and P/S ratio of 0.9. The dividend yield of Alcoa Inc stocks is 0.7%.



ALCOA INC has released its fourth quarter, 2010 results. During this quarter, the company reported income from operations of $258 million. This is compared to $61 million from its third quarter 2010 and a loss of $266 million in its fourth quarter, 2009. These improved earnings are accredited an increase in realized pricing of both its alumina and aluminum resources.



Sell: Executive VP and CFO Charles D Mclane sold 180,000 shares of AA stock on 02/11/2011 at the average price of 17.18.Executive Vice President Helmut Wieser sold 100,000 shares of AA stock on 02/01/2011 at the average price of 17.2. Chairman's Counsel William F Christopher sold 365,334 shares of AA stock on 01/31/2011 at the average price of 16.45.



Beacon Roofing Supply Inc. (BECN, Financial): CFO, Treasurer & EVP-Finance David R Grace Sold 161,669 Shares



CFO, Treasurer & EVP-Finance of Beacon Roofing Supply Inc. (BECN) David R Grace sold 161,669 shares on 02/11/2011 at an average price of $21.68. Beacon Roofing Supply, Inc. is one of the largest distributors of residential and non-residential roofing materials in the United States and Canada. Beacon Roofing Supply Inc. has a market cap of $981.6 million; its shares were traded at around $21.49 with a P/E ratio of 26.8 and P/S ratio of 0.6. Beacon Roofing Supply Inc. had an annual average earning growth of 2.2% over the past 5 years.



Beacon Roofing Supply Inc. recently announced its first quarter 2011 results. The company reported net sales of $405 million compared to $368 million prior year quarter and net income of $10.1 million compared to $7.8 million prior year quarter.



Sell: CFO, Treasurer & EVP-Finance David R Grace sold 161,669 shares of BECN stock on 02/11/2011 at the average price of 21.68. David R Grace owns at least 77,640 shares after this. The price of the stock has decreased by 0.88% since. Director Andrew R Logie also sold shares of BECN stock.



PRAXAIR INC. (PX, Financial): Executive V.P. and CFO James S Sawyer Sold 120,513 Shares



Executive V.P. and CFO of PRAXAIR INC. (PX) James S Sawyer sold 120,513 shares on 02/15/2011 at an average price of $96.61. Praxair is one of the largest industrial gases companies in North and South America. Praxair Inc. has a market cap of $30.36 billion; its shares were traded at around $99.09 with a P/E ratio of 20.9 and P/S ratio of 2.9. The dividend yield of Praxair Inc. stocks is 1.9%. Praxair Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Praxair Inc. the business predictability rank of 5-star.



PRAXAIR INC has released its fourth quarter 2010 results. Total revenue for the company increased %9 y-o-y to 2.62 billion. This increase is driven by an increased volume of %8 as well as a boost in sales and positive currency effects.



Sell: Executive V.P. and CFO James S Sawyer sold 120,513 shares of PX stock on 02/15/2011 at the average price of 96.61. James S Sawyer owns at least 62,843 shares after this. The price of the stock has increased by 2.57% since.



AFFILIATED MANAGERS GROUP (AMG): Executive V.P. and CFO Darrell W Crate Sold 120,333 Shares



Executive V.P. and CFO of AFFILIATED MANAGERS GROUP (AMG) Darrell W Crate sold 120,333 shares on 02/17/2011 at an average price of $111.99. Affiliated Managers Group Inc. is an asset management holding company which acquires majority interests in mid-sized investment management firms. Affiliated Managers Group has a market cap of $5.79 billion; its shares were traded at around $112.2 with a P/E ratio of 18.6 and P/S ratio of 4.3. Affiliated Managers Group had an annual average earning growth of 8% over the past 10 years.



AFFILIATED MANAGERS GROUP recently released its fourth quarter 2010 earnings results. During this quarter, revenue was $420.8 million compared to $244.7 million prior year quarter. Economic EPS were $2.02, compared to $1.36 prior year quarter.



Sell: Executive V.P. and CFO Darrell W Crate sold 120,333 shares of AMG stock on 02/17/2011 at the average price of 111.99. Darrell W Crate owns at least 3,111 shares after this. The price of the stock has increased by 0.19% since. Executive Vice President Jay C. Horgen and Executive V.P. and COO Nathaniel Dalton also sold shares of AMG stock.



Joe's Jeans Inc. (JOEZ): CFO Hamish Sandhu Sold 109,996 Shares



CFO of Joe's Jeans Inc. (JOEZ) Hamish Sandhu sold 109,996 shares on 02/15/2011 at an average price of $1.19. INNOVO GROUP, INC. through its operating subsidiaries, designs, manufactures and markets various canvas and nylon products, principally tote bags, sports bags, backpacks, lunch bags, stadium totes, and craft products for sale to various retailers and in the advertising specialty market. Joe's Jeans Inc. has a market cap of $74 million; its shares were traded at around $1.16 with a P/E ratio of 29 and P/S ratio of 0.9.



Joe’s Jeans Inc. recently released its fourth quarter 2010 results. During this quarter the company reports net sales of $23.6 million compared to $25.2 million prior year quarter. Gross profit decreased from $12.5 million prior year quarter to $11.5 million.



Mutual Fund and Other Gurus that owns JOEZ: Chuck Royce of Royce& Associates.



Sell: CFO Hamish Sandhu sold 109,996 shares of JOEZ stock on 02/15/2011 at the average price of 1.19. Hamish Sandhu owns at least 285,795 shares after this. The price of the stock has decreased by 2.52% since.



For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.