Weekly highlight of top insider buys: Alcoa Inc. (NYSE:AA), Commercial Metals Co. (NYSE:CMC), Progress Software Corp. (NASDAQ:PRGS), Texas Industries Inc. (TXI) and AAR Corp. (NYSE:AIR).
Alcoa Inc. (NYSE:AA): Director Ratan Tata Bought 1,985 Shares
Director of Alcoa Inc., Ratan Tata, bought 1,985 shares on 1/11/2012 at an average price of $9.8. 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 $10.43 billion; its shares were traded at around $9.8 with a P/E ratio of 10.3 and P/S ratio of 0.5. The dividend yield of Alcoa Inc. stocks is 1.3%.
On January 9, Alcoa Inc. reported a loss from continuing operations of $193 million, or $0.18 per share, in fourth quarter 2011. The fourth quarter 2011 loss compares to income from continuing operations of $172 million, or $0.15 per share, in third quarter 2011, and income of $258 million, or $0.24 per share, reported in fourth quarter 2010.
Last week, Director Ratan Tata bought 1,985 shares of AA stock. Executive Vice President Helmut Wieser sold 40,000 shares of AA stock in November.
Commercial Metals Co. (NYSE:CMC): Director Rhys J. Best Bought 5,000 Shares
Director of Commercial Metals Co., Rhys J. Best, bought 5,000 shares on 1/12/2012 at an average price of $13.22. Commercial Metals Company has three segments - manufacturing, recycling, and marketing and trading. Commercial Metals Co. has a market cap of $1.53 billion; its shares were traded at around $13.22 with a P/E ratio of 45.5 and P/S ratio of 0.2. The dividend yield of Commercial Metals Co. stocks is 3.7%.
On January 6, Commercial Metals Company reported net earnings of $107.7 million or $0.93 per diluted share on net sales of $2.0 billion for the first quarter ended Nov. 30, 2011. The earnings represent a substantial improvement over net earnings of $0.7 million or $0.01 per diluted share reported in last year's first quarter. Net earnings from continuing operations increased significantly to $125.0 million or $1.07 per diluted share as compared to net earnings of $14.9 million or $0.13 per diluted share for last year's first quarter.
This month, Director Rhys J. Best, Senior Vice President and CFO Barbara Smith, and Senior Vice President, General Counsel and Corporate Secretary Ann J. Bruder bought shares of CMC stock. Director Sarah E. Raiss, Senior Vice President, General Counsel and Corporate Secretary Ann J. Bruder, and President and CEO Joseph Alvarado bought shares in November.
Progress Software Corp. (NASDAQ:PRGS): Director Philip M. Pead Bought 28,000 Shares
Director of Progress Software Corp., Philip M. Pead, bought 28,000 shares on 1/11/2012 at an average price of $18.68. Progress Software Corporation is a global supplier of application development, deployment and management technology, Internet and intranet enabling technologies and support services to business, industry and government. Progress Software Corp. has a market cap of $1.2 billion; its shares were traded at around $18.68 with a P/E ratio of 15.9 and P/S ratio of 2.2. Progress Software Corp. had an annual average earnings growth of 8% over the past 10 years. GuruFocus rated Progress Software Corp. the business predictability rank of 3-star.
On January 3, Progress Software Corp. reported results for the fourth quarter of 2011 ended November 30. On a GAAP basis in the fiscal fourth quarter of 2011, revenue was $136.3 million, a decrease of 6% compared to $145.2 million in the fiscal fourth quarter of 2010. Net income was $11.7 million, a decrease of 45% compared to $21.3 million in the same quarter last year; and diluted earnings per share were $0.18, a decrease of 42% compared to $0.31 in the same quarter last year.
Last week, Director Philip M. Pead bought 28,000 shares of PRGS stock. Director Ram Gupta sold 625 shares this month. Executive Vice President, Global Field Operations Christopher Larsen sold 5,000 shares in November and President and CEO. Richard Reidy sold shares in October.
Texas Industries Inc. (TXI): Director John D. Baker II Bought 10,000 Shares
Director of Texas Industries Inc., John D. Baker II bought 10,000 shares on 01/09/2012 at an average price of $30.7. Texas Industries Inc. is a supplier of construction materials through two business segments: cement, aggregate and concrete products; and structural steel and specialty bar products. Texas Industries Inc. has a market cap of $856.2 million; its shares were traded at around $30.7 with and P/S ratio of 1.4.
On July 13, Texas Industries Inc. reported financial results for the quarter and year ended May 31, 2011. Net loss for the quarter was $9.1 million or $.33 per share and included, net of related charges, an after-tax gain of $6.7 million or $.24 per share from the exchange of aggregate operating assets for ready mix operating assets.
Last week, Director John D. Baker II bought 10,000 shares of TXI stock. 10% Owner Holding Nns bought 19,800 shares last month.
AAR Corp. (NYSE:AIR): Director Marc Jay Walfish Bought 2,500 Shares
Director of AAR Corp., Marc Jay Walfish, bought 2,500 shares on 1/10/2012 at an average price of $20.62. AAR Corp. is a worldwide leader in supplying aftermarket products and services to the global aerospace/aviation industry. AAR Corp. has a market cap of $834.3 million; its shares were traded at around $20.62 with a P/E ratio of 11.1 and P/S ratio of 0.5. The dividend yield of AAR Corp. stocks is 1.5%. AAR Corp. had an annual average earnings growth of 10.7% over the past five years.
On December 15, AAR Corp. reported second quarter fiscal year 2012 consolidated sales of $475.9 million and income from continuing operations of $17.5 million, or $0.43 per diluted share. Results for the second quarter include $1.4 million, or $0.02 per diluted share, of transaction-related expenses for acquisitions announced during the second quarter. Excluding these expenses, diluted earnings per share were $0.45.
Last week, Director Marc Jay Walfish bought 2,500 shares of AIR stock. Vice President, CFO and Treasurer Richard J. Poulton sold 10,000 shares in July.
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.