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A Selling Streak at Dreman Value Management

Sally Jones

Sally Jones

47 followers
The updated portfolio of David Dreman, billionaire founder of Dreman Value Management, shows 273 stocks, 13 of them new, with a total value of $1.10 billion, and a quarter-over-quarter turnover of 6%. His portfolio is currently weighted with top three sectors: financial services at 28.2%, industrials at 18.2% and technology at 11.3%. The stocks bought by Guru Dreman averaged a return of 15.67% over 12 months.

In addition to selling out long-time holdings in Cooper Tire & Rubber (CTB) and high-gaining Hanesbrand Inc. (HBI) in the third quarter, Dreman also made these four high-impact reductions and more than 200 other sells and decreases.



Energen Corp. (EGN): Reduced

Current Shares: 47,029

Up 62% over 12 months, Energen Corp., an oil and gas E&P company, has a market cap of $5.25 billion. The current share price is around $72.17. Shares trade at a P/E of 28.50. The dividend yield is 0.80%.

Guru Action: David Dreman reduced his position by 90.94%, as of Sept. 30, 2013. He sold 471,850 shares at an average price of $64.70 per share for an 11.5% gain.

This trade will impact his portfolio by -1%.

Over nine quarters, Dreman gained 44% buying 693,090 shares at an average price of $50.14 per share. He gained 18% selling 646,061shares at an average price of $61.06 per share.

Tracking historical share price, revenue and net income:



Here’s more guru and insider trading of EGN.



Crane Company (CR): Reduced

Current Shares: 116,179

Up 47% over 12 months, Crane Company, a diversified manufacturer of engineered industrial products, has a market cap of $3.62 billion. The current share price is around $62.31. Shares trade at a P/E of 17.00. The dividend yield is 1.86%.

Guru Action: David Dreman reduced his position by 83.56%, as of Sept. 30, 2013. He sold 590,299 shares at an average price of $61.16 per share for a gain of 1.9%.

This trade will impact his portfolio by -1%.

Starting in the second quarter of 2009, Dreman had 13 quarters of gains. Overall, he gained 63% buying 936,557 shares at an average price of $38.52 per share. He gained 6% selling 820,378 shares at an average price of $58.51 per share.

Tracking historical share price, revenue and net income:



Here’s more guru and CR insider trading.

ITT Corp. (ITT): Reduced

Current Shares: 204,442

Up 83% over 12 months, ITT Corp., a manufacturer of highly engineered critical components and customized solutions for industrial end-markets, has a market cap of $3.7 billion. The current share price is around $40.82. Shares trade at a P/E of 7.50. The dividend yield is 0.98%.

Guru Action: David Dreman reduced his position by 81.32%, as of Sept. 30, 2013. He sold 890,072 shares at an average price of $33.33 per share for a 22.5% gain.

This trade will impact his portfolio by -0.89%.

Across eight quarters of gains, Dreman averaged a gain of 127% buying 1,540,151 shares at an average price of $17.99 per share. Selling, he gained 31% on 1,335,709 shares sold at an average price of $31.18 per share.

Tracking historical share price, revenue and net income:



Here’s more guru and insider trading of ITT.



Alliant Techsystems (ATK): Reduced


Current Shares: 115,057

Up 100% ov er 12 months, Alliant Techsystems, an aerospace, defense and commercial products company, has a market cap of $3.86 billion. The current share price is around $121.23. Shares trade at a P/E of 13.00. The dividend yield is 0.86%.

Guru Action: David Dreman reduced his position by 73.6%, as of Sept. 30, 2013. He sold 320,819 shares at an average price of $94.85 per share for a 27.8% gain.

This trade will impact his portfolio by -0.88%.

Across five years of gains, Dreman averaged a gain of 71% buying 646,831 shares at an average price of $70.90 per share. Selling, he gained 44% on 646,124 shares sold at an average price of $84.17 per share.

Tracking historical share price, revenue and net income:



Check out gurus trading and insiders selling ATK.

Learn more about David Dreman’s complete portfolio.



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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: 4.0/5 (2 votes)

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