Weekly Top Insider Buys: Northern Trust Corp., Thor Industries Inc., National Penn Bancshares Inc., Hersha Hospitality Trust, and Mistras Group Inc.

Weekly Top Insider Buys: NTRS, THO, NPBC, HT, MG

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Apr 25, 2010
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Northern Trust Corp. (NTRS, Financial), Thor Industries Inc. (THO, Financial), National Penn Bancshares Inc. (NPBC, Financial), Hersha Hospitality Trust (HT, Financial), and Mistras Group Inc. (MG, Financial).

Director of Northern Trust Corp., Susan Crown, bought 10,000 shares on 4/22/10 at an average price of $56.31.

Northern Trust Corp. is a multi-bank holding company with worldwide locations and is a provider of treasury management, master trust, custody, retirement, risk and performance, international and investment management services for corporations, large institutions and individuals. Northern Trust Corp. has a market cap of $13.62 billion; its shares were traded at around $56.31 with a P/E ratio of 18.1 and P/S ratio of 3.6. The dividend yield of Northern Trust Corp. stocks is 2%. Northern Trust Corp. had an annual average earning growth of 1.7% over the past 10 years.

On April 20, Northern Trust Corporation reported first quarter net income per common share of $.64 compared with net income per common share of $.61 in the first quarter of 2009. Net income was $157.2 million compared with net income of $161.8 million in the prior year quarter. The prior year quarter’s earnings per share were reduced by $.10 in connection with Northern Trust’s participation in the U.S. Department of the Treasury’s Capital Purchase Program (Capital Purchase Program). Return on average common equity was 9.9% in the current quarter, compared to 10.9% in the prior year quarter.

Northern Trust Corp. is in the portfolios of seven Gurus: John Paulson, John Rogers, Private Capital, Tom Gayner, John Keeley, Dodge & Cox, and Kenneth Fisher.

Last week, Buy:: Director Susan Crown bought 10,000 shares of NTRS stock. Buy:: Director John W Rowe bought 10,000 shares in January; Sell:: Director Robert C Mccormack sold 40,000 shares in February.

Director of Thor Industries Inc., J Allen Kosowsky, bought 2,000 shares on 4/19/10 at an average price of $36.02.

Thor Industries Inc. produces and sells a wide range of recreational vehicles and small and mid-size buses in the United States and Canada as well as related parts and accessories. Thor Industries Inc. has a market cap of $1.85 billion; its shares were traded at around $36.02 with a P/E ratio of 29.2 and P/S ratio of 1.1. The dividend yield of Thor Industries Inc. stocks is 0.8%.

On March 8, Thor Industries Inc. reported results for the second quarter ended January 31, 2010. Net income was $11,924,000 versus a loss of $14,860,000 last year. EPS were 22 cents versus a loss of 27 cents last year. Sales for the second quarter were $420 million, up 90% from $226.7 million last year.

Thor Industries Inc. is in the portfolio of Ruane Cunniff.

Last week, Buy:: Director J Allen Kosowsky bought 2,000 shares of THO stock. Sell:: Director Alan Siegel, Sell:: 10% Owner Of Wade F. B. Thompson Estate, and Sell:: 10% Owner Angela E. Thompson sold shares the same week. Sell:: Director Neil D Chrisman sold 2,000 shares in January; Sell:: Chairman, President and CEO Peter Busch Orthwein sold 11,000 shares in December.

Director of National Penn Bancshares Inc., Christian F IV Martin, bought 1,325 shares on 4/16/10 at an average price of $7.98.

National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares Inc. has a market cap of $1.01 billion; its shares were traded at around $7.98 with and P/S ratio of 2.4. The dividend yield of National Penn Bancshares Inc. stocks is 0.5%.

On April 23, National Penn Bancshares, Inc. reported net income of $1.9 million or $0.02 per diluted common share for the first quarter 2010, after payment of dividends on preferred stock compared to net income available to common shareholders of $1.7 million or $0.02 per diluted share for the quarter ended March 31, 2009 and a loss of $2.25 per diluted share for the quarter ended December 31, 2009. Fundamentals improved and led to core net income of $0.03 per diluted share, as the Company continues to improve pricing and control expenses in order to mitigate the negative impact the economy has had on the region.

National Penn Bancshares Inc. is in the portfolio of Richard Pzena.


This month, Buy:: Director Christian F IVMartin bought 1,325 shares of NPBC stock.Buy:: Director Albert H Kramer and Buy:: Chief Financial Officer Michael J Hughes bought shares in February.

Director of Hersha Hospitality Trust, Thomas J Hutchison III, bought 17,763 shares on 4/20/10 at an average price of $5.73.

Hersha Hospitality Trust is an entrepreneurial, high-growth real estatedevelopment and management company focussed on the hospitalityindustry. Hersha Hospitality Trust has a market cap of $627.1 million; its shares were traded at around $5.73 with a P/E ratio of 6.9 and P/S ratio of 2.8. The dividend yield of Hersha Hospitality Trust stocks is 3.6%.

On February 23, Hersha Hospitality Trust reported results for the fourth quarter ending December 31, 2009. Adjusted Funds from Operation ("AFFO") was $4.3 million, compared to $9.2 million in the fourth quarter of 2008. AFFO per diluted common share and limited partnership unit was $0.07 compared to $0.16 for the same quarter of 2008. For the full year 2009, AFFO was $34.0 million, compared to $61.3 million in 2008. AFFO per diluted common share and limited partnership unit was $0.57 in 2009 compared to $1.15 for the full year 2008.

Last week, [b]Buy:: Director Thomas J Hutchison III bought 17,763 shares of HT stock.Buy:: Director, 10% Owner Eduardo S Elsztain and Buy:: Director Donald J Landry bought shares in March.[/b]

Director of Mistras Group Inc., Elizabeth Burgess, bought 2,668 shares on 4/20/10 at an average price of $11.29.

Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. Mistras Group Inc has a market cap of $298.7 million; its shares were traded at around $11.29 with a P/E ratio of 37.7 and P/S ratio of 1.4.

On April 7, Mistras Group, Inc. reported financial results for the third quarter of fiscal 2010, which ended February 28, 2010. Third quarter revenues were $64.4 million, a 37% increase from the third quarter of fiscal 2009. Revenues for the first three quarters of Fiscal 2010 were $192 million, 26% more than the same period in fiscal 2009. Adjusted EBITDA* for the quarter was $6.5 million as compared to $4.1 million for the third quarter of fiscal 2009, an increase of 59%. For the first nine months in fiscal 2010, adjusted EBITDA* was $25.8 million as compared to $23.0 million in the same period in fiscal 2009. Net income attributable to Mistras Group, Inc. for the quarter was $0.8 million as compared to a net loss of ($0.8) million during the third quarter of fiscal 2009. For the first nine months, net income attributable to Mistras Group, Inc. for 2010 was $5.2 million, compared to $4.0 million for 2009. Fully diluted earnings per share for the quarter and year-to-date was $0.03 and $0.21, respectively, versus a loss per share of ($0.04) and ($0.42) for the comparable periods of fiscal 2009.

Mistras Group Inc. is in the portfolio of Ron Baron.

Last week, Buy:: Director Elizabeth Burgess bought 2,668 shares of MG stock.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.