Weekly CEO Sells Highlight: GTAT, PETM, DG, TPC

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Sep 20, 2011
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: GT Advanced Technologies Inc, PetSmart Inc, Dollar General and Tutor Perini

GT Advanced Technologies Inc. (GTAT, Financial): President and CEO Thomas Gutierrez sold 234,574 Shares

President and CEO of GT Advanced Technologies Inc. (GTAT) Thomas Gutierrez sold 234,574 shares on 09/16/2011 at an average price of $11.11. GT Advanced Technologies, Inc. is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets. Gt Advanced Technologies Inc. has a market cap of $1.26 billion; its shares were traded at around $9.97 with a P/E ratio of 6.39 and P/S ratio of 1.4.

GT Advanced Technologies Inc. reported their first quarter fiscal 2012 results. The Company reported revenue of $231.1 million and net income of $52.1 million.

President and CEO Thomas Gutierrez sold 411,617 shares of GTAT stock in May, June and September. Vice President, CFO Richard J Gaynor sold 51,274 shares of GTAT stock in June and August. Vice President GM Polysilicon David W Keck sold 48,734 shares of GTAT stock on 09/07/2011 at the average price of 11.79. VP-Strategic Development David C Gray sold about 51,000 shares of GTAT stock in August and September.

PetSmart Inc. (PETM, Financial): President & CEO Robert F Moran sold 188,860 Shares

President & CEO of PetSmart Inc. (PETM) Robert F Moran sold 188,860 shares on 09/14/2011 at an average price of $44.11. PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $5.09 billion; its shares were traded at around $44.88 with a P/E ratio of 19.51 and P/S ratio of 0.89. The dividend yield of Petsmart Inc. stocks is 1.25%. Petsmart Inc. had an annual average earnings growth of 17% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 2.5-star.

PetSmart reported that total sales for the second quarter of 2011 increased 7.0% to $1.5 billion and net income was $61 million.

President & CEO Robert F Moran sold 272,246 shares of PETM stock in July and September. SVP CFO Lawrence Molloy sold 97,669 shares of PETM stock on 05/23/2011 at the average price of 45.06. SVP Human Resources Neil H Stacey, SVP General Counsel & Sec Emily D Dickinson and EVP Store Operations, HR & IS David K Lenhardt sold 47,432 shares of PETM stock in May, June and July. SVP Real Estate & Development Jaye D Perricone sold 69,942 shares of PETM stock in June.

Dollar General (DG, Financial): Chairman & CEO Richard W Dreiling sold 170,000 Shares

Chairman & CEO of Dollar General (DG) Richard W Dreiling sold 170,000 shares on 09/14/2011 at an average price of $33.71. Dollar General Corporation is a discount retailer in the United States. Dollar General has a market cap of $13 billion; its shares were traded at around $38.07 with a P/E ratio of 18.75 and P/S ratio of 1.

Dollar General has a net income that increased 3% to $146 million, or $0.42 per diluted share and sales that increased 11.2 percent to $3.58 billion for their 2011 second quarter results.

Chairman & CEO Richard W Dreiling sold 170,000 shares of DG stock on 09/14/2011 at the average price of 33.71. EVP & CFO David M Tehle sold 45,981 shares of DG stock on 09/14/2011 at the average price of 33.71. Director William C Rhodes Iii bought 6,000 shares of DG stock on 06/08/2011 at the average price of 32.38. Director Adrian M Jones sold 6,063,811 shares of DG stock on 09/14/2011 at the average price of 33.71.

Tutor Perini (TPC, Financial): Chairman & CEO, 10% Owner Ronald N Tutor sold 112,448 Shares

Chairman & CEO, 10% Owner of Tutor Perini (TPC) Ronald N Tutor sold 112,448 shares on 09/09/2011 at an average price of $13.94. Tutor Perini Corporation, formerly Perini Corporation, is a construction services company offering diversified general contracting, construction management and design/build services to private clients and public agencies throughout the world. Tutor Perini has a market cap of $657.75 million; its shares were traded at around $13.91 with a P/E ratio of 8.69 and P/S ratio of 0.21. Tutor Perini had an annual average earnings growth of 19.3% over the past 10 years.

Tutor Perini reported their 2011 second quarter financial results. This includes revenues of $819.9 million and net income of $19.7 million.

Chairman & CEO, 10% Owner Ronald N Tutor sold 784,001 shares of TPC stock in August and September. Director Michael R Klein bought 150,000 shares of TPC stock on 08/10/2011 at the average price of 12.39.

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