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Weekly Top Insider Buys: DTE, DAL, Y, JCP, VHI

September 03, 2012 | About:
gururk

gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: DTE Energy Company (DTE), Delta Air Lines, Inc. (DAL), Alleghany Corporation (Y), J.C. Penney Company, Inc. (JCP), and Valhi, Inc. (VHI).

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

DTE Energy Company (DTE): Director James Bruce Nicholson Bought 1,700 Shares Director of DTE Energy Company, James Bruce, Nicholson bought 1,700 shares on 08/27/2012 at an average price of $58.4. DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE Energy Company has a market cap of $9.93 billion; its shares were traded at around $58.4 with a P/E ratio of 15.66 and P/S ratio of 1.12. The dividend yield of DTE Energy Company stocks is 4.02%. DTE Energy Company had an annual average earnings growth of 4.9% over the past 10 years.

On July 27, DTE Energy reported second quarter 2012 earnings of $146 million, or $0.86 per diluted share, compared with $202 million, or $1.19 per diluted share in 2011.Reported earnings in the second quarter of 2011 include an $88 million, or $0.52 per diluted share, adjustment to reduce income tax expense. Operating earnings for the second quarter 2012 were $146 million, or $0.86 per diluted share, compared with 2011 operating earnings of $111 million, or $0.65 per diluted share.

Last week, Director James Bruce Nicholson bought 1,700 shares of DTE stock. Last month, Sr. VP/Corp Affairs & Comm. Paul Christie Hillegonds, Vice President Larry E Steward, SVP/General Counsel Bruce D Peterson, and Chairman, President and CEO Gerard M Anderson sold shares of DTE stock. EVP/CFO David E Meador sold 25,000 shares in July.

Delta Air Lines, Inc. (DAL): Director Kenneth Woodrow Bought 25,000 Shares
Director of Delta Air Lines, Inc., Kenneth Woodrow, bought 25,000 shares on 08/28/2012 at an average price of $8.65. Delta Air Lines is America's fastest growing international carrier. Delta Air Lines, Inc. has a market cap of $7.35 billion; its shares were traded at around $8.65 with a P/E ratio of 4.32 and P/S ratio of 0.21.

On July 25, Delta Air Lines reported financial results for the June 2012 quarter. Delta's net income, excluding special items, for the June 2012 quarter was $586 million, or $0.69 per diluted share. Delta's June 2012 quarter GAAP net loss was $168 million, or $0.20 per diluted share, including mark-to-market adjustments on open fuel hedges and other special items. Delta's unit revenues were up 8.5% for the quarter and the company has produced a unit revenue premium to the industry for fifteen consecutive months.

Last month, Sr. VP & CFO Paul A Jacobson and Director Kenneth Woodrow bought shares of DAL stock. Director Paula Rosput Reynolds bought 10,000 shares in May. EVP & COO Stephen E Gorman, EVP-Mktg,Ntwk Plng & Rev Mgmt Glen W Hauenstein, President Edward H Bastian, and CEO Richard H Anderson sold shares in May.

Alleghany Corporation (Y): Executive Vice President Joseph Patrick Brandon Bought 1,506 Shares
Executive Vice President of Alleghany Corporation, Joseph Patrick Brandon, bought 1,506 shares on 08/27/2012 at an average price of $337.15. Alleghany Corp. is engaged, through its subsidiaries, in the sale and underwriting of title insurance and in other real estate-related services businesses. Alleghany Corporation has a market cap of $5.71 billion; its shares were traded at around $337.15 with a P/E ratio of 19.38 and P/S ratio of 5.81. Alleghany Corporation had an annual average earnings growth of 2.1% over the past 10 years.

On August 6, Alleghany Corporation reported stockholders’ equity per common share of $370.93 at June 30, 2012, an increase of 8.4% from stockholders’ equity per common share of $342.12 at 2011 year-end. Stockholders’ equity increased to approximately $6.3 billion as of June 30, 2012, compared with approximately $2.9 billion as of December 31, 2011. Alleghany’s net earnings for the second quarter of 2012 were $109.3 million or $6.46 per common share (presented on a basic basis throughout), compared with $15.1 million, or $1.69 per common share for the second quarter of 2011.

Last week, Executive Vice President Joseph Patrick Brandon bought shares of Y stock. SVP, CFO Roger Bryce Gorham sold 1,300 shares of Y stock in May.

J.C. Penney Company, Inc. (JCP): Director Geraldine B Laybourne Bought 1,289 Shares
Director of J.C. Penney Company, Inc., Geraldine B Laybourne bought 1,289 shares on 08/28/2012 at an average price of $26.08. J.C. Penney Company, Inc. is one of America's retailers, operating department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet. J.C. Penney Company, Inc. has a market cap of $5.7 billion; its shares were traded at around $26.08 with and P/S ratio of 0.33. J.C. Penney Company, Inc. had an annual average earnings growth of 2.6% over the past 10 years.

On August 10, J. C. Penney Company Inc. announced financial results for its fiscal second quarter ended July 28, 2012. On a GAAP basis, the company reported a net loss of $147 million or $0.67 per share. Comparable store sales for the second quarter declined 21.7 percent. Total sales decreased 22.6 percent, which includes the effects of the Company's exit from its outlet business. Gross margin was 33.2 percent of sales, compared to 38.3 percent in the same period last year.

This month, Director Geraldine B Laybourne and COO Michael W Kramer bought shares of JCP stock.

Valhi, Inc. (VHI): Vice Chairman of the Board Glenn R Simmons Bought 4,515 Shares
Vice Chairman of the Board of Valhi, Inc., Glenn R Simmons, bought 4,515 shares on 8/24/2012 at an average price of $12.64. Valhi Inc. operates through majority-owned subsidiaries or less than majority-owned affiliates in the chemicals, component products, waste management and titanium metals industries. Valhi, Inc. has a market cap of $4.28 billion; its shares were traded at around $12.64 with a P/E ratio of 17.2 and P/S ratio of 2.05. The dividend yield of Valhi, Inc. stocks is 1.59%. Valhi, Inc. had an annual average earnings growth of 0.6% over the past 10 years.

On August 9, Valhi Inc. reported net income attributable to Valhi stockholders of $44.4 million, or $.13 per diluted share, in the second quarter of 2012 compared to $52.4 million, or $.15 per diluted share, in the second quarter of 2011. For the first six months of 2012, Valhi reported net income attributable to Valhi stockholders of $133.3 million, or $.39 per diluted share, compared to $90.4 million, or $.26 per diluted share, in the first six months of 2011.

This month, Chairman of the Board, 10% Owner Harold C Simmons and Vice Chairman of the Board Glenn R Simmons bought shares of VHI stock.

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


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Tickers in the article:

  • 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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