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Three Gurus Make Three Real-Time Reductions - ATK, BKU, AON

November 10, 2013 | About:
Sally Jones

Sally Jones

49 followers
Three billionaire investors have recently reduced their positions by more than 29% in BankUnited Inc. (BKU), Alliant Techsystems Inc. (ATK) and Aon plc (AON), according to GuruFocus Real Time Picks.

First up is a review of Mason Hawkins’s reduction of AON. The company reported third quarter growth of 3% with revenue of $2.8 billion, and a 19% increase in adjusted EPS at $1.13.

Guru: Mason Hawkins

Aon plc (AON): Reduced

Impacts Portfolio: -3.29%

Up 44% over 12 months, Aon plc has a market cap of $24.26 billion; its shares trade with a P/E ratio of 24.30. The dividend yield is 0.85%.

Aon plc provides risk management and human capital consulting services, including insurance & reinsurance brokerage and workforce productivity solutions.

Guru Action: As of Nov. 8, 2013, Guru Hawkins reduced his position by 43.77%, selling shares in the average price range of $79.43. The current share price is around $80.60 with a change from average up 2%.

His current shares remain at 10,629,235.

In a truly remarkable five-year history of high gains, Mason Hawkins averaged a gain of 100% buying 28,401,595 shares at an average price of $40.33 per share. Selling 9,499,893 shares at an average price of $55.14 per share, he gained 46%.

Track historical pricing, revenue and net income:

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Guru: Wilbur Ross

BankUnited Inc. (BKU): Reduced

Impacts Portfolio: -7.56%

Up 39% over 12 months, BankUnited Inc. has a market cap of $3.18 billion; its shares trade with a P/E ratio of 14.60. The dividend yield is 2.66%.

BankUnited Inc. is a savings and loan holding company with two wholly-owned subsidiaries: BankUnited, an independent depository institution headquartered in Florida, and BankUnited Investment Services Inc., a Florida insurance agency which provides comprehensive wealth management products and financial planning services.

The company reported financial results for the third quarter of 2013 with a net income of $54.3 million, up from $49.6 million in the same quarter a year ago. Earnings of $0.52 per diluted share were also up from $0.48 per diluted share in the same quarter of 2012. The company reported that new loans increased by $1.1 billion and total deposits of $9.8 billion marked an increase of $817 million for the third quarter.

BankUnited’s chairman, president and CEO, John Kanas, commented in a company press release: “This quarter was marked by compelling growth in both of our primary markets. We are particularly pleased with the increased momentum of our deposit growth.”

Guru Action: As of Nov. 1, 2013, Guru Wilbur Ross reduced his position by 29.03%, selling shares in the average price range of $30.65. The current share price is around $31.55 with a change from average up 3%.

His current shares remain at 5,812,080.

Across three quarters, Wilbur Ross averaged a gain of 10% buying 13,721,131 shares at an average price of $28.58 per share. Selling 5,531,500 shares at an average price of $26.32 per share, he gained 20%.

Track historical pricing, revenue and net income:

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Guru: First Eagle Investment Management

Alliant Techsystems Inc. (ATK): Reduced

Impacts Portfolio: -0.7%

Up 96% over 12 months, Alliant Techsystems Inc. has a market cap of $3.69 billion; its shares trade with a P/E ratio of 13.70. The dividend yield is 0.90%.

Incorporated in 1990, Alliant Techsystems Inc. is an aerospace, defense and commercial products company that produces ammunition for the military, law enforcement and sporting markets.

The company reported financial results for the second quarter of fiscal year 2014, ending on Sept. 29, 2013, quarterly sales up 7% over last year, at $1.1 billion. The company’s operating profit increased approximately $38 million for the quarter. ATK had a net income of $93 million, increasing 42% over the same quarter a year ago at $65 million. Fully diluted earnings per share were reported at $2.86, up from $2.00 in the same quarter a year ago.

Guru Action: As of Oct. 31, 2013, Jean-Marie Eveillard’s First Eagle Investment Management LLC reduced its position by 37.89%, selling shares in the average price range of $109.50. The current share price is around $115.80 with a change from average up 6%.

Current shares remain are 3,175,869.

In another remarkable five-year history of mostly double-digit and triple-digit gains, the firm averaged a gain of 64% buying 4,007,729 shares at an average price of $70.70 per share. Selling 95,900 shares at an average price of $75.76, the firm gained 53%.

Track historical pricing, revenue and net income:

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.8/5 (5 votes)

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