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A Selling Streak at Dreman Value Management

November 30, 2013 | About:
Sally Jones

Sally Jones

49 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:

1385847739195.png

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:

1385848090745.png

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:

1385848267078.png

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:

1385848700633.png

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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