According to GuruFocus Insider Data, these are the largest insider buys during the past week: NuStar Energy LP (NYSE:NS), Spectra Energy Partners LP (NYSE:SEP), Woodward Inc. (NASDAQ:WWD), The Wendy’s Company (NASDAQ:WEN), and Belden Inc. (NYSE:BDC).
The overall trend of insiders is illustrated in the chart below:
NuStar Energy LP (NYSE:NS): Director Dan J. Hill Bought 1,045 Shares
Director of NuStar Energy LP, Dan J. Hill, bought 1,045 shares on 9/05/2012 at an average price of $48.9. Valero LP, formerly Shamrock Logistics LP, owns and operates most of Ultramar Diamond Shamrock's crude oil and refined product pipeline, terminalling, and storage assets that support the McKee, Three Rivers, and Ardmore refineries and its marketing operations located in Texas, Oklahoma, Colorado, New Mexico and Arizona. NuStar Energy LP has a market cap of $3.59 billion; its shares were traded at around $48.9 with a P/E ratio of 32.1 and P/S ratio of 0.6. The dividend yield of NuStar Energy LP stocks is 8.6%. NuStar Energy LP had an annual average earnings growth of 1.2% over the past five years.
On July 27, NuStar Energy LP announced second quarter distributable cash flow available to limited partners of $16.9 million, or $0.24 per unit, compared to 2011 second quarter distributable cash flow of $119.4 million, or $1.85 per unit. The company reported a second quarter net loss applicable to limited partners of $251.6 million, or $3.56 per unit, compared to net income applicable to limited partners of $81.8 million, or $1.27 per unit, earned in the second quarter of 2011.
This month, President and CEO Curt Anastasio and Director Dan J. Hill bought shares of NS stock. Director Jesse D. Bates bought 1,000 shares in April.
Spectra Energy Partners LP (NYSE:SEP): Director Nora Mead Brownell Bought 1,093 Shares
Director of Spectra Energy Partners, LP, Nora Mead Brownell bought 1,093 shares on 8/31/2012 at an average price of $32.22. Spectra Energy Partners LP is a growth oriented, Delaware master limited partnership recently formed by Spectra Energy Corp., headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. Spectra Energy Partners LP has a market cap of $3.09 billion; its shares were traded at around $32.22 with a P/E ratio of 19.1 and P/S ratio of 15.1. The dividend yield of Spectra Energy Partners LP stocks is 6.1%.
On August 2, Spectra Energy Partners LP reported second quarter 2012 cash available for distribution of $53.1 million, compared with $45.1 million in the prior-year quarter. Net income was $46.9 million for the quarter, compared with $37.6 million in the second quarter 2011. Distributions per limited partner unit for the quarter were $0.485, compared with $0.465 per limited partner unit for the second quarter 2011.
Last week, Director Nora Mead Brownell bought 1,093 shares of SEP stock.
Woodward Inc. (NASDAQ:WWD): Director Paul Donovan Bought 5,500 Shares
Director of Woodward Inc., Paul Donovan, bought 5,500 shares on 9/05/2012 at an average price of $36.99. Woodward Inc. operates as a designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment serving the aerospace, power generation and distribution, and transportation markets. Woodward Inc. has a market cap of $2.42 billion; its shares were traded at around $36.99 with a P/E ratio of 17.1 and P/S ratio of 1.4. The dividend yield of Woodward Inc. stocks is 0.9%. Woodward Inc. had an annual average earnings growth of 16.4% over the past 10 years.
On April 23, Woodward Inc. reported financial results for its second quarter of fiscal 2012. Net sales for the fiscal 2012 second quarter were $468.8 million, an increase of 12 percent from $418.9 million for the 2011 second quarter. Net earnings for the 2012 second quarter increased to $38.8 million, from $32.1 million in the 2011 second quarter. Earnings per share increased 20 percent to $0.55 per share from $0.46 in the prior year's second quarter. The effective tax rate for the second quarter of 2012 was 28.3 percent.
Last week, Director Paul Donovan bought 5,500 shares of WWD stock. Director Gregg C. Sengstack bought 2,500 shares in August. Director John A. Halbrook sold 2,000 shares last week, and President, Engine Systems Chad Robert Preiss sold 4,500 shares in August.
The Wendy's Company (NASDAQ:WEN): Chief People Officer Scott A. Weisberg Bought 20,000 Shares
Chief People Officer of The Wendy's Company, Scott A. Weisberg, bought 20,000 shares on 09/05/2012 at an average price of $4.45. The Wendy's Company operates fast-food restaurants. The Wendy's Company has a market cap of $1.67 billion; its shares were traded at around $4.45 with a P/E ratio of 30.5 and P/S ratio of 0.7. The dividend yield of The Wendy's Company stocks is 1.9%.
On August 9, The Wendy’s Company reported results for the second quarter ended July 1, 2012. Consolidated revenues were $645.9 million, an increase of 3.8 percent compared to $622.5 million in the second quarter of 2011. Primarily as a result of a $25.2 million pretax charge from the early extinguishment of debt, the Company reported a net loss from continuing operations of $5.5 million. This compares to net income from continuing operations of $11.4 million in the second quarter of 2011.
Last week, Chief People Officer Scott A. Weisberg bought 20,000 shares of WEN stock. Director Jack Gumpert Wasserman bought 1,000 shares in August. Senior Vice President, General Counsel and Secretary R. Scott Toop and Director Jack Gumpert Wasserman bought shares in May.
Belden Inc. (NYSE:BDC): Director Lance C. Balk Bought 3,000 Shares
Director of Belden Inc., Lance C. Balk, bought 3,000 shares on 8/31/2012 at an average price of $38. Belden Inc. is engaged in the design, manufacture and retail of cable, connectivity and networking products in markets including industrial automation, enterprise, transportation, infrastructure and consumer electronics. Belden Inc. has a market cap of $1.55 billion; its shares were traded at around $38 with a P/E ratio of 12.9 and P/S ratio of 0.8. The dividend yield of Belden Inc. stocks is 0.6%.
On August 9, Belden Inc. reported second quarter 2012 results for the period ended July 1, 2012. Revenue for the quarter totaled $484.0 million, up 4% compared to $464.3 million in the first quarter 2012. Income from continuing operations per diluted share for the quarter totaled $0.92, compared to $0.52 per diluted share in the first quarter 2012 and $0.72 per diluted share in the second quarter 2011. The effective tax rate for the quarter was less than the 25.0% rate estimated in the Company's previous guidance due to the timing within the year of favorable discrete tax items, which had a positive impact of $0.17 per diluted share.
In August, Director Lance C. Balk bought 3,000 shares of BDC stock. Director Mary S. Mcleod sold shares in May and Director Glenn Kalnasy and Senior Vice President Finance and CFO Henk Derksen sold shares in March.
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.