Scott Black (Trades, Portfolio) of Delphi Management Inc. added six new holdings to the portfolio in the second quarter.
The most noteworthy addition was the purchase of 71,910 shares in Skechers USA Inc. (SKX, Financial), a California-based footwear company, for an average price of $30.21 per share. The transaction had a 1.37% impact on the portfolio.
The holding is 0.05% of Skechers’ outstanding shares and 1.37% of the portfolio’s total assets. Ken Heebner (Trades, Portfolio) is Skechers’ leading shareholder among the gurus with a stake of 2,090,000 shares. The stake is 1.32% of Skechers’ outstanding shares and 2.77% of Heebner’s total assets.
Skechers has a price-earnings (P/E) ratio of 14.4, a forward P/E of 12.1, a price-book (P/B) ratio of 2.6 and a price-sales (P/S) ratio of 1.1. GuruFocus gives Skechers a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10 with return on equity (ROE) of 19.69% that is higher than 81% of the companies in the Global Footwear & Accessories industry and return on assets (ROA) of 13.05% that is higher than 86% of the companies in that industry.
Skechers sold for $24.91 per share at market close Thursday. The DCF Calculator gives Skechers a fair value of $18.51.
Black bought 41,062 shares in Tenneco Inc. (TEN, Financial), an auto parts company based in Illinois, for an average price of $51.25 per share. The deal had a 1.23% impact on the portfolio.
The holding is 0.07% of Tenneco’s outstanding shares and 1.23% of the guru’s total assets. Columbia Wanger (Trades, Portfolio) is Tenneco’s leading shareholder among the gurus with a stake of 1,258,953 shares. The stake is 2.22% of Tenneco’s outstanding shares and 0.68% of Columbia Wanger (Trades, Portfolio)’s total assets.
Tenneco has a P/E of 12.3, a forward P/E of 9.7, a P/B of 5.9 and a P/S of 0.4. GuruFocus gives Tenneco a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10 with ROE of 53.11% that is higher than 97% of the companies in the Global Auto Parts industry and ROA of 6.28% that is higher than 68% of the companies in that industry.
Tenneco sold for $55.92 per share Thursday. The DCF Calculator gives Tenneco a fair value of $48.48.
Black invested in 47,600 shares in Textron Inc. (TXT, Financial), a Rhode island-based conglomerate engaged primarily in aerospace and defense, for an average price of $38.03 per share. The acquisition had a 1.12% impact on the portfolio.
The holding is 0.02% of Textron’s outstanding shares and 1.12% of the guru’s total assets. Mario Gabelli (Trades, Portfolio) is Textron’s leading shareholder among the gurus with a stake of 2,175,055 shares. The stake is 0.81% of Textron’s outstanding shares and 0.53% of Gabelli’s total assets.
Textron has a P/E of 15.4, a forward P/E of 15.5, a P/B of 2.1 and a P/S of 0.8. GuruFocus gives Textron a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10 with ROE of 14.92% that is higher than 75% of the companies in the Global Aerospace & Defense industry and ROA of 4.88% that is higher than 68% of the companies in that industry.
Textron sold for $40.87 per share Thursday. The DCF Calculator gives Textron a fair value of $28.36.
Black acquired 62,149 shares in Sanmina Corp. (SANM, Financial), an electronics manufacturing services company based in California, for an average price of $25 per share. The transaction had a 1.07% impact on the portfolio.
The holding is 0.08% of Sanmina’s outstanding shares and 1.07% of the guru’s total assets. Donald Smith (Trades, Portfolio) is Sanmina’s leading shareholder among the gurus with a stake of 4,158,057 shares. The stake is 5.63% of Sanmina’s outstanding shares and 3.01% of Smith’s total assets.
Sanmina has a P/E of 5.5, a forward P/E of 9.6, a P/B of 1.3 and a P/S of 0.3. GuruFocus gives Sanmina a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10 with ROE of 27.44% that is higher than 95% of the companies in the Global Electronic Components industry and ROA of 11.66% that is higher than 91% of the companies in that industry.
Sanmina sold for $26.65 per share Thursday. The DCF Calculator gives Sanmina a fair value of $51.26 with a 48% margin of safety.
Black purchased 10,740 shares in Cardinal Health Inc. (CAH, Financial), a pharmaceutical company based in Ohio, for an average price of $79.76 per share. The deal had a 0.54% impact on the portfolio.
The holding is 0.54% of the guru’s total assets. Barrow, Hanley, Mewhinney & Strauss is Cardinal Health’s leading shareholder among the gurus with a stake of 12,520,106 shares. The stake is 3.93% of Cardinal Health’s outstanding shares and 1.49% of Barrow, Hanley, Mewhinney & Strauss’ total assets.
Cardinal Health has a P/E of 18.4, a forward P/E of 13.6, a P/B of 4 and a P/S of 0.2. GuruFocus gives Cardinal Health a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10 with ROE of 21.79% that is higher than 92% of the companies in the Global Medical Distribution industry and ROA of 4.38% that is higher than 66% of the companies in that industry.
Cardinal Health sold for $79.36 per share Thursday. The DCF Calculator gives Cardinal Health a fair value of $46.23.
Black acquired 6,860 shares in Brunswick Corp. (BC, Financial), an Illinois-based conglomerate that develops and markets an extensive variety of products, for an average price of $47.38 per share. The transaction had a 0.2% impact on the portfolio.
The holding is 0.01% of Brunswick’s outstanding shares and 0.2% of the guru’s total assets. Mariko Gordon (Trades, Portfolio) is Brunswick’s leading shareholder among the gurus with a stake of 1,185,339 shares. The stake is 1.31% of Brunswick’s outstanding shares and 3.51% of Gordon’s total assets.
Brunswick has a P/E of 18, a forward P/E of 13.3, a P/B of 3 and a P/S of 1. GuruFocus gives Brunswick a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10 with ROE of 18.35% that is higher than 84% of the companies in the Global Leisure industry and ROA of 7.61% that is higher than 80% of the companies in that industry.
Brunswick sold for $46.53 per share Thursday. The DCF Calculator gives Brunswick a fair value of $27.08.
Disclosure: I own no shares in any of the stocks mentioned in this article.
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