Weekly highlight of top insider buys. McMoRan Exploration Co. (MMR, Financial), The Dow Chemical Company (DOW, Financial), BB&T Corp. (BBT, Financial), F.N.B. Corp. (FNB, Financial), RTI International Metals Inc. (RTI, Financial).
McMoRan Exploration Co. (MMR): Director Robert Day Bought 352,274 Shares
McMoRan Exploration Co. (MMR) is engaged in the exploration development and production of oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast region and in the mining purchasing transporting terminating processing and marketing of sulfur. The company fell into a loss of $43.2 million or $0.49 a share for the second quarter, as unexpected charges on past contracts incurred.
T. Boone Pickens bought 1,017,151 shares; and Jean-Marie Eveillard increased his MMR holding 15% to 513,060 shares.
Director of McMoRan Exploration Co. Robert Day bought 352,274 shares on 8/1/08 at $27.08. Also, Director Robert Day bought 500,000 shares on 2/11/08 at $16.13. Director Suzanne T. Mestayer bought 1,000 shares and 1,246 shares at $17.35 a share and $15.97 a share, accordingly.
Since April, President and CEO Glenn A. Kleinert sold a total of 130,290 shares at $28.02 to $32.11.
McMoRan Exploration Co. has a market cap of $1.65 billion; its shares were traded at around $27.08 with a P/E ratio of 27.41 and P/S ratio of 1.55.
The Dow Chemical Company (DOW): Director John B. Hess Bought 30,900 Shares
Dow Chemical Company (DOW) is a science and technology company that provides innovative chemical plastic and agricultural products and services to many essential consumer markets. The company announced that their profits rose 6% for the second quarter relative to 2007’s second quarter. DOW earned $187.7 million from a prior $176.7 million for the second quarter. World-wide business growth has put the company in a positive outlook for the 2008 year. Dow’s joint venture with Hemlock Semiconductor Corp. has doubled in output.
Richard Aster Jr. bought 18,600 shares in the quarter that ended on 3/31/08. George Soros, Dodge & Cox, David Dreman, Tweedy Browne, Ruane Cunniff, Kenneth Fisher, John Keeley, and Charles Brandes kept their shares unchanged. HOTCHKIS & WILEY sold 48% of his shares.
Director John B. Hess bought 30,900 shares on 7/28/08 at $32.35.
The Dow Chemical Company has a market cap of $30.27 billion; its shares were traded at around $32.73 with a P/E ratio of 12.09 and P/S ratio of 0.52. The dividend yield of The Dow Chemical Company stocks is 5.13%.
BB&T Corp. (BBT): Director James H. Maynard Bought 37,000 Shares
BB&T Corporation (BBT) is a multi-bank holding company. BBT raised their quarterly dividend 2.2% to $0.47 a share. The company’s profit declined 7% to $428 million or $0.78 a share, as provisions for losses increases to $330 million for the second quarter. Comparing to the previous year the company earned $458 million or $0.83 a share.
Charles Brandes bought 15,603 shares in the quarter that ended on 3/31/08. Ruane Cunniff and Kenneth Fisher also own shares in BBT.
Director James H. Maynard bought 37,000 shares on 7/28/08 at $26.58. Since February Director Maynard has purchased a total of 70,000 shares at $26.58 to $33.45. Director Nido R. Qubein bought 3,700 shares on 6/13/08 at $27.02; Director John P. Howe Md. bought 2,387 shares on 5/9/08 at $34.28; Director Jennifer S. Banner bought 2,000 shares on 7/24/08 at $28.31.
SVP Steven B. Wiggs sold 8,000 shares on 5/1/08 at $35.95; Director Tom D. Efird sold 4,323 shares on 5/1/08 at $35.12; Director J. Holmes Morrison sold 7,039 shares on 5/1/08 at $35.72.
BB&T Corp. has a market cap of $15.88 billion; its shares were traded at around $29.04 with a P/E ratio of 9.36 and P/S ratio of 2.47. The dividend yield of BB&T Corp. stocks is 6.47%.
F.N.B. Corp. (FNB): Director Stanton R. Sheetz Bought 85,100 Shares
FNB Corporation (FNB) is a diversified financial services company serving banking trust consumer finance and insurance customers through community banking affiliates and other subsidiaries with offices in Florida Pennsylvania Ohio and Tennessee. The company announced a 17% decrease in profits on very high provisions for loan losses. The company earned $14.5 million or $0.17 a share for the second quarter, compared to $17.6 million or $0.29 a share a year ago. The company set aside a mounting $11.0 million for expected losses in the quarter, compared to $1.8 million in the same quarter of 2007. Year-to-date, FNB shares have lost one fifth its value.
Director of F.N.B. Corp. Stanton R. Sheetz bought 85,100 shares during the past week at $11.36. Since March, other buys were made between $11 and $14.33: Director Robert Goldstein bought 25,000 shares; Corporate Controller Vincent J. Calabrese bought 4,000 shares; President & CEO Robert V. New Jr. bought 3,000 shares; and Director Arthur J. Rooney II bought 1,460 shares on 3/7/08 at $13.50.
Director Peter Mortensen sold 20,000 shares on 7/29/08 at $11.30, and Director D. Stephen Martz sold 12,291 shares on 6/4/08 at $15.10.
F.N.B. Corp. has a market cap of $977.24 million; its shares were traded at around $11.36 with a P/E ratio of 11.58 and P/S ratio of 3.49. The dividend yield of F.N.B. Corp. stocks is 8.92%.
RTI International Metals Inc. (RTI): Director Ronald L. Gallatin Bought 20,000 Shares
RMI TITANIUM CO. (RTI) is a producer of titanium mill and fabricated products for the aircrafts. The company’s profit plunged 11% as Boeing puts delays on their orders. For the quarter, RTI earned $18.6 million or $0.81 a share compared to $21 million or $0.90 a share in 2007. The weak economy has pushed Boeing to halt their contract with RTI.
David Dreman kept his shares, while George Soros sold out all his RTI holdings in the quarter that ended on 3/31/08.
Director of RTI International Metals Inc. Ronald L. Gallatin bought 20,000 shares during the past week at $28.29. Since March, Director Gallatin bought a total of 31,735 shares on 8/4/08 at $26.13. Other buys were made at $26.70 to $55.99 since March: Director Robert M. Hernandez bought 10,000 shares; SVP William Frederick Strome bought 9,000 shares; Vice Chairman and CEO, Director Dawne S. Hickton bought 4,000 shares; and Director James A. Williams bought 2,130 shares.
RTI International Metals Inc. has a market cap of $650.59 million; its shares were traded at around $28.29 with a P/E ratio of 7.24 and P/S ratio of 0.94.
McMoRan Exploration Co. (MMR): Director Robert Day Bought 352,274 Shares
McMoRan Exploration Co. (MMR) is engaged in the exploration development and production of oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast region and in the mining purchasing transporting terminating processing and marketing of sulfur. The company fell into a loss of $43.2 million or $0.49 a share for the second quarter, as unexpected charges on past contracts incurred.
T. Boone Pickens bought 1,017,151 shares; and Jean-Marie Eveillard increased his MMR holding 15% to 513,060 shares.
Director of McMoRan Exploration Co. Robert Day bought 352,274 shares on 8/1/08 at $27.08. Also, Director Robert Day bought 500,000 shares on 2/11/08 at $16.13. Director Suzanne T. Mestayer bought 1,000 shares and 1,246 shares at $17.35 a share and $15.97 a share, accordingly.
Since April, President and CEO Glenn A. Kleinert sold a total of 130,290 shares at $28.02 to $32.11.
McMoRan Exploration Co. has a market cap of $1.65 billion; its shares were traded at around $27.08 with a P/E ratio of 27.41 and P/S ratio of 1.55.
The Dow Chemical Company (DOW): Director John B. Hess Bought 30,900 Shares
Dow Chemical Company (DOW) is a science and technology company that provides innovative chemical plastic and agricultural products and services to many essential consumer markets. The company announced that their profits rose 6% for the second quarter relative to 2007’s second quarter. DOW earned $187.7 million from a prior $176.7 million for the second quarter. World-wide business growth has put the company in a positive outlook for the 2008 year. Dow’s joint venture with Hemlock Semiconductor Corp. has doubled in output.
Richard Aster Jr. bought 18,600 shares in the quarter that ended on 3/31/08. George Soros, Dodge & Cox, David Dreman, Tweedy Browne, Ruane Cunniff, Kenneth Fisher, John Keeley, and Charles Brandes kept their shares unchanged. HOTCHKIS & WILEY sold 48% of his shares.
Director John B. Hess bought 30,900 shares on 7/28/08 at $32.35.
The Dow Chemical Company has a market cap of $30.27 billion; its shares were traded at around $32.73 with a P/E ratio of 12.09 and P/S ratio of 0.52. The dividend yield of The Dow Chemical Company stocks is 5.13%.
BB&T Corp. (BBT): Director James H. Maynard Bought 37,000 Shares
BB&T Corporation (BBT) is a multi-bank holding company. BBT raised their quarterly dividend 2.2% to $0.47 a share. The company’s profit declined 7% to $428 million or $0.78 a share, as provisions for losses increases to $330 million for the second quarter. Comparing to the previous year the company earned $458 million or $0.83 a share.
Charles Brandes bought 15,603 shares in the quarter that ended on 3/31/08. Ruane Cunniff and Kenneth Fisher also own shares in BBT.
Director James H. Maynard bought 37,000 shares on 7/28/08 at $26.58. Since February Director Maynard has purchased a total of 70,000 shares at $26.58 to $33.45. Director Nido R. Qubein bought 3,700 shares on 6/13/08 at $27.02; Director John P. Howe Md. bought 2,387 shares on 5/9/08 at $34.28; Director Jennifer S. Banner bought 2,000 shares on 7/24/08 at $28.31.
SVP Steven B. Wiggs sold 8,000 shares on 5/1/08 at $35.95; Director Tom D. Efird sold 4,323 shares on 5/1/08 at $35.12; Director J. Holmes Morrison sold 7,039 shares on 5/1/08 at $35.72.
BB&T Corp. has a market cap of $15.88 billion; its shares were traded at around $29.04 with a P/E ratio of 9.36 and P/S ratio of 2.47. The dividend yield of BB&T Corp. stocks is 6.47%.
F.N.B. Corp. (FNB): Director Stanton R. Sheetz Bought 85,100 Shares
FNB Corporation (FNB) is a diversified financial services company serving banking trust consumer finance and insurance customers through community banking affiliates and other subsidiaries with offices in Florida Pennsylvania Ohio and Tennessee. The company announced a 17% decrease in profits on very high provisions for loan losses. The company earned $14.5 million or $0.17 a share for the second quarter, compared to $17.6 million or $0.29 a share a year ago. The company set aside a mounting $11.0 million for expected losses in the quarter, compared to $1.8 million in the same quarter of 2007. Year-to-date, FNB shares have lost one fifth its value.
Director of F.N.B. Corp. Stanton R. Sheetz bought 85,100 shares during the past week at $11.36. Since March, other buys were made between $11 and $14.33: Director Robert Goldstein bought 25,000 shares; Corporate Controller Vincent J. Calabrese bought 4,000 shares; President & CEO Robert V. New Jr. bought 3,000 shares; and Director Arthur J. Rooney II bought 1,460 shares on 3/7/08 at $13.50.
Director Peter Mortensen sold 20,000 shares on 7/29/08 at $11.30, and Director D. Stephen Martz sold 12,291 shares on 6/4/08 at $15.10.
F.N.B. Corp. has a market cap of $977.24 million; its shares were traded at around $11.36 with a P/E ratio of 11.58 and P/S ratio of 3.49. The dividend yield of F.N.B. Corp. stocks is 8.92%.
RTI International Metals Inc. (RTI): Director Ronald L. Gallatin Bought 20,000 Shares
RMI TITANIUM CO. (RTI) is a producer of titanium mill and fabricated products for the aircrafts. The company’s profit plunged 11% as Boeing puts delays on their orders. For the quarter, RTI earned $18.6 million or $0.81 a share compared to $21 million or $0.90 a share in 2007. The weak economy has pushed Boeing to halt their contract with RTI.
David Dreman kept his shares, while George Soros sold out all his RTI holdings in the quarter that ended on 3/31/08.
Director of RTI International Metals Inc. Ronald L. Gallatin bought 20,000 shares during the past week at $28.29. Since March, Director Gallatin bought a total of 31,735 shares on 8/4/08 at $26.13. Other buys were made at $26.70 to $55.99 since March: Director Robert M. Hernandez bought 10,000 shares; SVP William Frederick Strome bought 9,000 shares; Vice Chairman and CEO, Director Dawne S. Hickton bought 4,000 shares; and Director James A. Williams bought 2,130 shares.
RTI International Metals Inc. has a market cap of $650.59 million; its shares were traded at around $28.29 with a P/E ratio of 7.24 and P/S ratio of 0.94.
