The largest insider buys this week were BlackRock Inc. (BLK, Financial), DISH Network Corp. (DISH, Financial), Fastenal Co. (FAST, Financial) and Conagra Brands Inc. (CAG, Financial).
BlackRock director bought 2,000 shares
Director William E. Ford bought 2,000 shares on Oct. 17 for an average price of $409.59 per share. The stock price has declined 1.94% since then.
BlackRock is the largest asset manager in the world, operating 70 offices in 30 countries with clients in more than 100 countries. The company has a market capitalization of $64.57 billion; as of Oct. 19, it traded at $401.65.
On Oct. 16, BlackRock reported third-quarter results. Diluted earnings were $7.54 and adjusted earnings were $7.52 per share. Revenue grew 2% year over year while operating income increased 1%. Diluted earnings per share grew 31%, adjusted earnings increased 27% and the quarterly dividend was $3.13 per share.
DISH Network executive vice president bought 15,000 shares
Executive Vice President James Defranco bought 15,000 shares of DISH stock on Oct. 15 for an average price of $32.99 per share. Since then, the stock price has increased 5.82%.
DISH Network is an American satellite and television company that provides satellite television, audio programming and interactive television services to both commercial and residential customers. The company has a market capitalization of $16.32 billion; as of Oct. 19, it traded at $34.91.
On Oct. 4, DISH Network announced it had partnered with Sling TV to launch Ingles Para Todos, a new HD channel dedicated to teaching English as a second language. The company is the first pay-tv provider to launch a channel created to help viewers learn and improve their proficiency in English.
Fastenal senior executive vice president bought 1,500 shares
Senior Executive Vice President Terry Modock Owen bought 1,500 shares on Oct. 12 for an average price of $52.07 per share. The stock price has fallen 0.13% since then.
Fastenal is an American international industrial supply company that distributes industrial, safety and construction supplies. The company has a market capitalization of $14.93 billion; as of Oct. 19, it traded at $52.
On Oct. 10, Fastenal reported third-quarter results. Net sales for the quarter increased 13% from the prior-year quarter, driven by higher unit sales. The gross profit as a percentage of net sales declined 100 basis points to 48.1%.
Conagra Brands executive vice president and chief financial officer bought 2,836 shares
Executive Vice President and CFO David S. Marberger bought 2,836 shares on Oct. 12 for an average price of $35.25 per share. Since then, the stock price has risen 1.67%.
Conagra is an American packaged foods company that manufactures and distributes products under the Hunt’s, Healthy Choice, Orville Redenbacher’s and Slim Jim brand names, among others. The company has a market capitalization of $14.63 billion; as of Oct. 19, it traded at $35.84.
On Oct. 9, Conagra announced the pricing of an underwritten offering of 16,312,057 shares of its common stock at a public offering price of $35.25 per share. The company has also granted the underwriters an option to purchase up to an additional 1,631,206 shares of its common stock at the public offering price up to 30 days after the date of the final prospectus supplement. The offering closed on Oct. 12.
For the complete list of stocks bought by company executives, go to Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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