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Weekly Top Insider Buys: AES, ITT, NPBC, ADTN, ABM

July 23, 2012 | About:
gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: The AES Corporation (AES), ITT Corporation (ITT), National Penn Bancshares Inc. (NPBC), ADTRAN Inc. (ADTN) and ABM Industries Inc. (ABM).

The overall trend of insiders is illustrated in the chart below:

The AES Corporation (AES): Vice President Strategy Gardner Walkup Bought 7,500 Shares



Vice President, Strategy of The AES Corporation, Gardner Walkup, bought 7,500 shares on 7/17/2012 at an average price of $12.77. AES Corporation and its subsidiaries and affiliates are a global power company committed to serving the world's needs for electricity in a socially responsible way. The AES Corporation has a market cap of $9.77 billion; its shares were traded at around $12.77 with a P/E ratio of 12.1 and P/S ratio of 0.6.

On May 4, the AES Corporation reported a 54% increase in Adjusted Earnings Per Share (EPS) for the first quarter of 2012. Consolidated revenue increased by $584 million to $4.7 billion. First quarter diluted earnings per share from continuing operations increased $0.14 to $0.44

Last week, Vice President Strategy Gardner Walkup bought 7,500 shares of AES stock. In May, COO Utilities Andrew Vesey, Vice President Human Resources Rita Trehan, and President and CEO Andres Gluski bought bought shares.

ITT Corporation (ITT): Senior Vice President and President Mot. Tech. Luca Savi Bought 8,500 Shares



Senior Vice President and President Mot. Tech. of ITT Corporation, Luca Savi, bought 8,500 shares on 07/17/2012 at an average price of $18.84. ITT Corporation supplies advanced technology products and services in several growth markets. ITT Corporation has a market cap of $1.64 billion; its shares were traded at around $18.84 with a P/E ratio of 3.3 and P/S ratio of 0.8. The dividend yield of ITT Corporation stocks is 2.1%.

On May 4, ITT Corporation reported first-quarter 2012 revenue of $577 million, including 9 percent growth in organic revenue. On a GAAP basis, earnings from continuing operations increased to $0.11 per share compared with a loss of ($0.23) per share in the prior-year first quarter. Adjusted earnings from continuing operations, which excludes special items, totaled $0.39 per share compared with pro forma adjusted earnings of $0.45 per share in the first quarter of 2011.

Last week, Senior Vice President and President Mot. Tech. Luca Savi bought 8,500 shares of ITT stock. Executive Vice President Strategy Aris C. Chicles and Senior Vice President and President Interconnect Solutions William Edward Taylor sold shares in March. Senior Vice President and President Industrial Process Robert J. Pagano Jr. sold 53,584 shares in February.

National Penn Bancshares Inc. (NPBC): Director Christian F. Martin IV Bought 1,021 Shares

Director of National Penn Bancshares Inc., Christian F. Martin IV, bought 1,021 shares on 07/17/2012 at an average price of $9.38. National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares has a market cap of $1.49 billion; its shares were traded at around $9.38 with a P/E ratio of 15.7 and P/S ratio of 3.4. The dividend yield of National Penn Bancshares stocks is 2.9%.

On April 20, National Penn Bancshares Inc. reported net income available to common shareholders of $25.3 million, or $0.17 per diluted common share, for the first quarter of 2012 compared to $20.7 million, or $0.14 per diluted common share, for the fourth quarter of 2011. Net income available to common shareholders increased 62% from $15.6 million, or $0.10 per diluted common share, for the first quarter of 2011. On an adjusted basis, net income for the quarter totaled $24.2 million, or $0.16 per diluted common share, consistent with the fourth quarter of 2011 and a 45% increase over the prior year period.

Last week, Director Christian F. Martin IV bought 1,021 shares of NPBC stock.

ADTRAN Inc. (ADTN): Director William L. Marks Bought 8,600 Shares



Director of ADTRAN Inc., William L. Marks, bought 8,600 shares on 7/15/2012 at an average price of $21.67. ADTRAN Inc. is a global provider of networking & communications equipment, with an eighteen year history of profitability & a portfolio of more than one thousand four hundred solutions for use in the last mile of today's telecommunications networks. ADTRAN Inc. has a market cap of $1.38 billion; its shares were traded at around $21.67 with a P/E ratio of 13.4 and P/S ratio of 1.9. The dividend yield of ADTRAN Inc. stocks is 1.7%. ADTRAN Inc. had an annual average earnings growth of 16.5% over the past 10 years. GuruFocus rated ADTRAN Inc. the business predictability rank of 4-star.

On July 10, ADTRAN Inc. reported results for the second quarter 2012. For the quarter, sales were $183,998,000 compared to $184,227,000 for the second quarter of 2011. Net income was $21,070,000 for the quarter compared to$36,943,000 for the second quarter of 2011. Earnings per share, assuming dilution, were $0.33 for the quarter compared to $0.56 for the second quarter of 2011. Non-GAAP earnings per share for the quarter were $0.38 compared to $0.59 for the second quarter of 2011.

Last week, Director William L. Marks bought 8,600 shares of ADTN stock. Senior Vice President and General Manager Carrier Networks James Denson Wilson Jr. sold 12,118 shares in May. Vice President Carrier Network Sales Robert A. Fredrickson sold 8,062 shares in April and Chief Technology Officer Kevin W. Schneider sold 11,280 shares in February.

ABM Industries Inc. (ABM): Director Phil Ferguson Bought 5,000 Shares



Director of ABM Industries Inc., Phil Ferguson, bought 5,000 shares on 7/13/2012 at an average price of $18.99. ABM Industries Inc. provides air conditioning, elevator, engineering, janitorial, lighting, parking and security services to thousands of commercial, industrial and institutional customers who outsource these services in hundreds of cities across North America. ABM Industries Inc. has a market cap of $983.9 million; its shares were traded at around $18.99 with a P/E ratio of 13 and P/S ratio of 0.2. The dividend yield of ABM Industries Inc. stocks is 3.2%. ABM Industries Inc. had an annual average earnings growth of 7.5% over the past 10 years.

On April 6, ABM Industries Inc. announced financial results for the fiscal 2012 second quarter that ended April 30, 2012. Revenues were $1.06 billion in the fiscal 2012 second quarter, flat compared to $1.06 billion last year. Adjusted income from continuing operations for the fiscal 2012 second quarter was $16.3 million, or $0.30 per diluted share, compared to $15.0 million, or $0.28 per diluted share, in the second quarter of fiscal 2011. Net income was $11.7 million, or $0.21 per diluted share, compared to $14.2 million, or $0.26 per diluted share, in the 2011 second quarter.

Last week, Director Phil Ferguson bought 5,000 shares of ABM stock. President and CEO Henrik C. Slipsager sold shares this month. Director Luke S. Helms and Senior Vice President David L. Farwell sold shares in April. Director Linda Chavez, Senior Vice President Human Resources Erin M. Andre and Executive Vice President/CFO James S. Lusk sold shares in March.

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

Rating: 3.2/5 (6 votes)

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