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Weekly Top Insider Buys: FMER, ANN, JOSB, HI, CMTL

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Weekly highlight of top insider buys: FirstMerit Corp. (FMER), Ann Inc. (ANN), Jos. A. Bank Clothiers Inc. (JOSB), Hillenbrand Inc. (HI), and Comtech Telecommunications Corp. (CMTL).

FirstMerit Corp. (FMER): Director J Michael Hochschwender Bought 5,800 Shares

Director of FirstMerit Corp., J Michael Hochschwender, bought 5,800 shares on 3/31/2011 at an average price of $17.34.

FirstMerit Corporation is a financial services company. Firstmerit Corp. has a market cap of $1.89 billion; its shares were traded at around $17.34 with a P/E ratio of 16.5 and P/S ratio of 2.5. The dividend yield of Firstmerit Corp. stocks is 3.7%.

On February 1, FirstMerit Corporation reported fourth quarter 2010 net income of $27.0 million, or $0.25 per diluted share. This compares with $29.0 million, or $0.27 per diluted share, for the third quarter 2010 and $14.5 million, or $0.17 per diluted share, for the fourth quarter 2009. For the full year 2010, the Corporation reported net income of $102.9 million, or $1.02 per diluted share, compared with $82.2 million, or $0.90 per diluted share in 2009.

FirstMerit Corp. is in the portfolios of David dreman, John Keeley, Kenneth Fisher, and Mario Gabelli.

Buy: Director J Michael Hochschwender bought 5,800 shares of FMER stock last week. Sell: Executive Vice President N. James Brocklehurst sold 1,340 shares in March. Sell: Executive Vice President Judith A Steiner and Sell: Chrm., Pres. & CEO Paul G Greig sold shares in December.

Ann Inc. (ANN): Director Daniel W Yih Bought 9,000 Shares

Director of Ann Inc., Daniel W Yih, bought 9,000 shares on 04/06/2011 at an average price of $30.67.

Ann Inc., formerly known as Ann Stores Corporation, operates as a national retailer of upscale women's clothing. Ann Inc. has a market cap of $1.78 billion; its shares were traded at around $30.67 with a P/E ratio of 23.2 and P/S ratio of 0.9.

On March 11, Ann Inc. reported results for the fiscal fourth quarter and full year of 2010, ended January 29, 2011. For the fiscal fourth quarter of 2010, the Company reported earnings per diluted share of $0.19, excluding after-tax restructuring charges of $0.05 per diluted share, compared with earnings per diluted share of $0.05 in the fourth quarter of 2009. On a GAAP basis earnings per diluted share were $0.14 in the fourth quarter of 2010, compared with breakeven earnings per diluted share in the fourth quarter of 200

Ann Inc. is in the portfolio of George Soros.

Buy: Director Daniel W Yih bought 9,000 shares of ANN stock last week. This month, Sell: Director Michael W Trapp and Sell: President & CEO Krill Katherine Lawther sold 41,249 sold shares. Sell: EVP/General Counsel/Secretary Barbara Eisenberg and Sell: President, AnnTaylor Stores Christine Beauchamp sold shares this month.

Jos. A. Bank Clothiers Inc. (JOSB): Director James H. Ferstl Bought 1,200 Shares

Director of Jos. A. Bank Clothiers Inc., James H. Ferstl, bought 1,200 shares on 04/04/2011 at an average price of $50.34.

Jos. A. Bank Clothiers, Inc., is a retailer and cataloger of Men's tailored and casual clothing and accessories. Jos. A. Bank Clothiers Inc. has a market cap of $1.39 billion; its shares were traded at around $50.34 with a P/E ratio of 16.4 and P/S ratio of 1.6. Jos. A. Bank Clothiers Inc. had an annual average earnings growth of 28.5% over the past 10 years. GuruFocus rated Jos. A. Bank Clothiers Inc. the business predictability rank of 3.5-star.

On Mar 30, JoS. A. Bank Clothiers, Inc. announced results for its fiscal year ended January 29, 2011 ("fiscal year 2010"). Net income for fiscal year 2010 increased 21% to a record $85.8 million, as compared with net income of $71.2 million for the fiscal year ended January 30, 2010 ("fiscal year 2009"). Earnings per share for fiscal year 2010 increased 20% to $3.08 as compared with earnings per share of $2.56 for fiscal year 2009. Net sales reached a record of $858.1 million in fiscal year 2010, representing an 11.4% gain as compared with net sales of $770.3 million in fiscal year 2009. Comparable store sales increased 7.0% during fiscal year 2010, while Direct Marketing sales increased 24.4%.

Jos A. Bank Clothiers Inc. is in the portfolios of Joel Greenblatt and George Soros.

Last week, Buy: Director James H. Ferstl bought 1,200 shares of JOSB stock.

Hillenbrand Inc. (HI): Director James A Henderson Bought 2,000 Shares

Director of Hillenbrand Inc., James A Henderson, bought 2,000 shares on 3/31/2011 at an average price of $21.92.

Hillenbrand Inc. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products. Hillenbrand Inc. has a market cap of $1.37 billion; its shares were traded at around $21.92 with a P/E ratio of 12.3 and P/S ratio of 1.8. The dividend yield of Hillenbrand Inc. stocks is 3.5%.

For the first quarter of fiscal 2011, which ended December 31, 2010, Hillenbrand reported revenue of $211 million, a $49.5 million (31 percent) increase over the prior year, resulting primarily from the April 1, 2010, acquisition of K-Tron International. K-Tron generated revenue of $51.1 million, which was 17 percent above results it reported separately in the prior year, and Batesville's revenue declined slightly less than 1 percent to $159.9 million.

Hillenbrand Inc. is in the portfolio of Richard Aster Jr.

Buy: Director James A Henderson bought 2,000 shares of HI stock last week.

Comtech Telecommunications Corp. (CMTL): Sr. Vice President & CFO Michael Porcelain Bought 1,100 Shares

Sr. Vice President & CFO of Comtech Telecommunications Corp., Michael Porcelain, bought 1,100 shares on 4/01/2011 at an average price of $29.45.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech Telecommunications Corp. has a market cap of $809.2 million; its shares were traded at around $29.45 with a P/E ratio of 12 and P/S ratio of 1. The dividend yield of Comtech Telecommunications Corp. stocks is 3.3%. Comtech Telecommunications Corp. had an annual average earnings growth of 25.7% over the past 10 years. GuruFocus rated Comtech Telecommunications Corp. the business predictability rank of 3-star.

On March 10, Comtech Telecommunications Corp. reported its operating results for the three and six months ended January 31, 2011.Net sales for the second quarter of fiscal 2011 were $162.8 million compared to $171.1 million for the second quarter of fiscal 2010. GAAP net income was $16.1 million, or $0.52 per diluted share, for the second quarter of fiscal 2011 compared to $16.3 million, or $0.51 per diluted share, for the second quarter of fiscal 2010.

Comtech Telecommunications Corp. is in the portfolios of Joel Greenblatt and George Soros.

Last month, Buy: Chairman, CEO & President Fred Kornberg bought shares of CMTL stock. Buy: Sr. Vice President & CFO Michael Porcelain bought 1,100 shares last week.

For the complete list of stocks that bought by their company executives, go to: Insider 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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