Weekly highlight of top insider buys: Alcoa Inc. (NYSE:AA), ABM Industries Inc. (NYSE:ABM), Valhi Inc. (NYSE:VHI), XenoPort Inc. (NASDAQ:XNPT), and Methode Electronics Inc. (NYSE:MEI)
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
Alcoa Inc. (NYSE:AA): Director Ratan Tata Bought 3,654 Shares
Director of Alcoa Inc., Ratan Tata, bought 3,654 shares on 7/10/2009 at an average price of $9.34.
Alcoa Inc. is the world's leading producer and manager of aluminum. Alcoa serves the aerospace, automotive, and construction markets by bringing design engineering production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps, Alcoa wheels, and Baco household wraps. Alcoa Inc. has a market cap of $9.91 billion; its shares were traded at around $9.34 with a P/E ratio of 48.5 and P/S ratio of 0.4. The dividend yield of Alcoa Inc. stocks is 1.2%. Alcoa Inc. had an annual average earning growth of 3.5% over the past 10 years.
On April 7, Alcoa Inc. reported results for the first quarter of 2009. Revenues were $4.1 billion, down 36 percent from $6.5 billion in revenues in the first quarter of 2008 after excluding divested businesses. Net loss was $497 million compared with net income for the first quarter of 2008 of $303 million.
Alcoa Inc. is owned by eight Gurus. They are: John Keeley, Hotchkis & Wiley, Prem Watsa, Brian Rogers, PRIMECAP Management, Dodge & Cox, Richard Snow, and Jean-Marie Eveillard.
On Friday, Buy: Director Ratan Tata bought 3,654 shares of AA stock and the price of the stock has increased by 0.97%. Ratan Tata also bought shares in April and January. Sell: Chairman of the Board Alain J P Belda sold 100,000 shares in May. The price has decreased by 9.76%.
ABM Industries Inc. (NYSE:ABM): SVP/GEN. Counsel/Corp. Secty. Sarah H Mcconnell Bought 1,445 Shares
SVP/GEN. Counsel/Corp. Secty. of ABM Industries Inc., Sarah H Mcconnell, bought 1,445 shares on 7/09/2009 at an average price of $16.89.
ABM Industries Inc. provides air conditioning, elevator engineering, janitorial lighting, parking and security services to thousands of commercial industrial and institutional customers. ABM Industries Inc. has a market cap of $864.9 million; its shares were traded at around $16.89 with a P/E ratio of 13.6 and P/S ratio of 0.2. The dividend yield of ABM Industries Inc. stocks is 3.2%. ABM Industries Inc. had an annual average earning growth of 4% over the past 10 years. GuruFocus rated ABM Industries Inc. the business predictability rank of 2-star.
On June 4, ABM Industries Inc. reported revenues for the second quarter of fiscal year 2009 of $855.7 million compared to 2008 revenues of $906.3 million. Net income for the second quarter was $12.8 million, a 15.4% increase over $11.1 million in the year-ago quarter.
ABM Industries Inc. is in the portfolio of Kenneth Fisher of Fisher Asset Management, LLC
Buy: SVP/GEN. COUNSEL/CORP. SECTY. Sarah H Mcconnell bought 1,445 shares of ABM stock last week; the price of the stock has decreased by 2.09% since. Two directors sold shares in June and one sold shares in March.
Valhi Inc. (NYSE:VHI): Vice Chairman of the Board Glenn R Simmons Bought 28,852 Shares
Vice Chairman of the Board of Valhi Inc., Glenn R Simmons, bought 28,852 shares during the past week at an average price of $6.14.
Valhi Inc. operates through majority-owned subsidiaries or less than majority-owned affiliates in the chemicals, component products, waste management, and titanium metals industries. Valhi Inc. has a market cap of $738.8 million; its shares were traded at around $6.14 with and P/S ratio of 0.5. The dividend yield of Valhi Inc. stocks is 6.1%. Valhi Inc. had an annual average earning growth of 40.6% over the past 5 years.
On May 6, Valhi Inc. reported a net loss attributable toValhi stockholders of $20.0 million, or $.18 per diluted share, in the first quarter of 2009 as compared to a net loss attributable to Valhi stockholders of $5.9 million, or $.05 per diluted share, in the first quarter of 2008. The Company's first quarter 2009 results include a gain on litigation settlement of $.07 per diluted share and a gain on the sale of a business of $.04 per diluted share.
Last week, Buy: Vice Chairman of the Board Glenn R Simmons bought 14,426 shares of VHI stock and the price of the stock decreased by 4.81%.Buy: Director Norman S Edelcup and Buy: Chairman of the Board, 10% Owner Harold C Simmons both bought shares in June.
XenoPort Inc. (NASDAQ:XNPT): Director John Gordon Freund Bought 135,000 Shares
Director of XenoPort Inc., John Gordon Freund, bought 135,000 shares on 7/10/2009 at an average price of $19.11.
XenoPort Inc. is a biopharmaceutical company focused on developing a portfolio of internally discovered product candidates that utilize the body's natural nutrient transporter mechanisms to improve the therapeutic benefits of existing drugs. XenoPort Inc. has a market cap of $478.7 million; its shares were traded at around $19.11 with and P/S ratio of 11.4.
On May 5, XenoPort Inc. announced its financial results for the first quarter ended March 31, 2009. Revenues for the quarter were $26.3 million, compared to $15.0 million for the same period in 2008. Net loss for the first quarter was $2.7 million, compared to a net loss of $7.3 millionfor the same period in 2008.
XenoPort Inc. is in the portfolio of Lee Ainslie of Maverick Capital.
Buy: Director John Gordon Freund bought 135,000 shares of XNPT stock on Friday; the price of the stock has increased by 0.58% since. Several other directors sold shares in July, June, and March.
Methode Electronics Inc. (NYSE:MEI): CFO Douglas A Koman Bought 4,980 Shares
CFO of Methode Electronics Inc., Douglas A Koman, bought 4,980 shares during the past week at an average price of $6.29.
Methode Electronics Inc. manufactures bus systems and provides independent laboratory services for qualification testing and certification of electronic and optical components. Methode Electronics Inc. has a market cap of $249.4 million; its shares were traded at around $6.29 with a P/E ratio of 9.2 and P/S ratio of 0.4. The dividend yield of Methode Electronics Inc. stocks is 4.2%.
Last week, Methode Electronics Inc. announced results for the twelve months ended May 2. Net sales decreased $65.4 million, or 42.4 percent, to $89.0 million from $154.4 million in the fourth quarter of fiscal year 2008. Net income decreased $105.5 million to a loss of $92.6 million, in the fourth quarter of fiscal year 2009 compared to income of $12.9 million, or $0.34 per share, in the same period of fiscal year 2008.
On Thursday, Buy: CFO Douglas A Koman bought 2,490 shares of MEI stock and the price increased by 14.36%. Buy: Controller & Treasurer Ronald L.g. Tsoumas bought 1,181 shares the same day.
- 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.