Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. He manages a portfolio composed of 93 stocks and 10 of them are new buys from the first quarter. The most weighted buys follow:
The investor bought 76,890 shares in Intel Corp. (INTC) with an impact of 1.5% on the portfolio.
The company is a semiconductor chipmaker. It develops integrated digital technology products like integrated circuits for industries such as computing and communications. First quarter revenues increased 7% from the same quarter of a year before and net income had a growth of 3%. Gross margin decreased 1.2 points from the first quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 19.65% that is outperforming and ROA of 11.78% that is underperforming 85% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.60 that is below the industry median of 1.73.
PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus, with 0.67% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.42%, Barrow, Hanley, Mewhinney & Strauss with 0.41%, First Eagle Investment (Trades, Portfolio) with 0.33%, Bill Nygren (Trades, Portfolio) with 0.33%, Richard Pzena (Trades, Portfolio) with 0.2% and Joel Greenblatt (Trades, Portfolio) with 0.05%.
The guru bought 23,241 shares in Ralph Lauren Corp. (RL) with an impact of 1.35% on the portfolio.
The company designs, markets and distributes men's, women's and children's apparel, accessories, fragrances and home furnishings. Its segments include Wholesale, Retail and Licensing. In the last quarter it reported net income of 88 cents per diluted share compared to $1.41 per diluted share, for the fourth quarter of fiscal 2015 and net revenues for the fourth quarter of fiscal 2016 were flat with the prior-year period on a constant currency basis and declined 1% on a reported basis to $1.9 billion.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 10.39% and ROA of 6.35% that are outperforming 61% of the companies in the Global Apparel Manufacturing industry. Financial strength has a rating of 7 out of 10 with cash to debt of 1.09 that is below the industry median of 1.44.
The largest shareholder among the gurus is Third Avenue Management (Trades, Portfolio) with 0.28% of outstanding shares followed by Ray Dalio (Trades, Portfolio) with 0.24%, Greenblatt with 0.19%, Martin Whitman (Trades, Portfolio) with 0.14%, Steven Cohen (Trades, Portfolio) with 0.1%, Robert Olstein (Trades, Portfolio) with 0.07%, Chuck Royce (Trades, Portfolio) with 0.06% and Ron Baron (Trades, Portfolio) with 0.06%.
The investor bought 71,060 shares in Sinclair Broadcast Group Inc. (SBGI) with an impact of 1.31% on the portfolio.
The company owns or provides programming, operating or sales services to television stations. Total revenues increased 14.7% from the first quarter of a year before and operating income had an increase of 2.1% versus the same quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 34.89% and ROA of 3.12% that are outperforming 57% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.03 that is below the industry median of 1.64.
Manning & Napier Advisors Inc. is the company's largest shareholder among the gurus with 6.41% of outstanding shares followed by Mario Gabelli (Trades, Portfolio) with 0.25%, Jim Simons (Trades, Portfolio) with 0.24%, John Hussman (Trades, Portfolio) with 0.11%, Cohen with 0.1%, Black with 0.07% and Greenblatt with 0.05%.
The guru bought 47,375 shares in Brinker International Inc. (EAT) with an impact of 1.31% on the portfolio.
The company is engaged in the ownership, operation, development and franchising of the Chili's Grill & Bar and Maggianos Little Italy restaurant brands.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 13.06% and ROA of 29.17% that are outperforming 66% of the companies in the Global Restaurants industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.06 that is below the industry median of 0.61.
The largest shareholder among the gurus is David Dreman (Trades, Portfolio) with 0.27% of outstanding shares followed by Richard Snow (Trades, Portfolio) with 0.27% and Black with 0.09%.
The investor bought 67,515 shares in Herman Miller Inc. (MLHR) with an impact of 1.25% on the portfolio.
The company researches, designs, manufactures and distributes interior furnishings for use in various environments including office, health care, educational and residential settings and provides related services. Net sales in the third quarter had an increase of 3.9% from the same quarter last fiscal year, and new orders were 1.7% above the prior-year level. The company reported net earnings of 46 cents per share on a diluted basis compared to diluted earnings per share of 35 cents in the same quarter last fiscal year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 26.32% and ROA of 10.01% that are outperforming 88% of the companies in the Global Business Equipment industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.26 that is below the industry median of 1.09.
Meridian Funds (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.48% of outstanding shares followed by Royce with 1.88%, Greenblatt with 0.41%, Tom Russo (Trades, Portfolio) with 0.4%, Barrow, Hanley, Mewhinney & Strauss with 0.33%, Simons with 0.22% and Black with 0.11%.
The guru bought 14,433 shares in Boeing Co. (BA) with an impact of 1.1% on the portfolio.
The company together with its subsidiaries designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. During the first quarter revenue grew 2% and non-GAAP earnings per shares decreased 12% from the same quarter of a year before. The company reported a 2% decrease for GAAP earnings per shares.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 80.78% and ROA of 5.26% that are outperforming 69% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.84 that is below the industry median of 0.42.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.49% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.49%, PRIMECAP Management (Trades, Portfolio) with 0.29%, HOTCHKIS & WILEY with 0.2%, Greenblatt with 0.09%, Fisher with 0.03%, Gabelli with 0.03% and Dalio with 0.01%.
The investor bought 24,768 shares in Scripps Networks Interactive Inc. (SNI) with an impact of 0.98% on the portfolio.
The company develops lifestyle-oriented content for television and Internet with television and interactive brands by delivering entertaining and useful content for specifically defined topics of interest. During the last quarter consolidated revenue grew 24.1% and net income increased 134.8% from the same quarter of a year before. The company reported a 31.7% increase for consolidated segment profit.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 52.23% and ROA of 13.03% that are outperforming 90% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.06 that is below the industry median of 1.64.
Mason Hawkins (Trades, Portfolio) is the company's largest shareholder among the gurus with 8.75% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 1.75%, Russo with 0.92%, Gabelli with 0.8%, Jeremy Grantham (Trades, Portfolio) with 0.05%, Cohen with 0.04% and Murray Stahl (Trades, Portfolio) with 0.03%.
The guru increased his shares in Amdocs Ltd. (DOX) by 159.57% with an impact of 0.82% on the portfolio.
The company is a provider of software products and services to the communications, media and entertainment industry. It provides software and services solutions in North America and Europe. During the second quarter the company reported revenue of $926 million, within the $905 million to $945 million guidance range, and diluted non-GAAP EPS of 92 cents was above the 84 cents to 90 cents guidance range.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 11.60% and ROA of 7.93% that are outperforming 68% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 9 out of 10 with no debt.
The largest shareholder among the gurus is Manning & Napier Advisors with 3.52% of outstanding shares followed by Simons with 1.13%, Charles de Vaulx (Trades, Portfolio) with 0.73%, Pioneer Investments (Trades, Portfolio) with 0.31%, Grantham with 0.29%, Fisher with 0.21%, Charles Brandes (Trades, Portfolio) with 0.18% and Black with 0.02%.
The guru bought 29,606 shares in Apogee Enterprises Inc. (APOG) with an impact of 0.78% on the portfolio.
The company is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 16.44% and ROA of 10.41% that are outperforming 79% of the companies in the Global Building Materials industry. Financial strength has a rating of 8 out of 10 with cash to debt of 4.44 that is below the industry median of 0.61.
The largest shareholder among the gurus is RS Investment Management (Trades, Portfolio) with 2.38% of outstanding shares followed by Simons with 0.59%, Mairs and Power (Trades, Portfolio) with 0.52%, Greenblatt with 0.44%, Black with 0.1% and Paul Tudor Jones (Trades, Portfolio) with 0.05%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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