The FPA Capital Fund (Trades, Portfolio) is a fundamental bottom-up, deep value strategy with 25 stocks in its long portfolio as of the end of the fourth quarter. Manager chose two new positions, according to the latest quarterly portfolio released today: Babcock & Wilcox Co. (BWC, Financial) and Cubic Corp (CUB, Financial).
The portfolio is valued at $882 million, and its largest weighting is in the Energy sector at 29.6%, followed by Technology at 29.2%.
New Buys
Babcock & Wilcox Co. (BWC, Financial)
FPA Capital managers purchased 711,400 shares of Babcock & Wilcox, representing 2.4% of the portfolio. The stock’s fourth quarter price averaged $29 per share.
Babcock & Wilcox Co. was founded in 1867, and is a Delaware Corporation. Babcock & Wilcox Co. has a market cap of $2.96 billion; its shares were traded at around $27.81 with a P/E ratio of 10.5 and P/S ratio of 1.1. The dividend yield of Babcock & Wilcox Co stocks is 1.40%. Babcock & Wilcox Co. had an annual average earnings growth of 16.1% over the past five years
Managers purchased 272,700 shares of Cubic Corp, a 1.6% portfolio weighting. The stock’s fourth quarter price averaged $49 per share.
Cubic Corp, a Delaware corporation was incorporated in 1949. Cubic Corp has a market cap of $1.39 billion; its shares were traded at around $51.90 with a P/E ratio of 19.7 and P/S ratio of 1. The dividend yield of Cubic Corp stocks is 0.5%. Cubic Corp had an annual average earnings growth of 14.3% over the past 10 years.
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