Weekly CFO Buys Highlight

Insiders invest in Corteva, Quad/Graphics and Mayville Engineering

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Nov 08, 2019
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According to GuruFocus insider data, the recent chief financial officer buys were Corteva Inc. (CTVA, Financial), Quad/Graphics Inc. (QUAD, Financial) and Mayville Engineering Co Inc. (MEC, Financial).

Corteva CFO bought 3,825 shares

Executive Vice President and CFO Gregory R. Friedman bought 3,825 shares for $26.19 per share on Nov. 4. Since then, the share price has increased by 0.31%. Corteva has a market cap of $19.66 billion and its shares were traded around $26.27. The company has a price-sales ratio of 1.18, while the trailing 12-month dividend yield is 0.50%. The forward dividend yield is 1.99%.

Corteva announced its third-quarter results with revenue of $1.91 billion and gross profit of $1.35 billion, while the net loss was $494 million. The 2018 total revenue was $14.29 billion, a 0.3% increase from 2017. The gross profit was $5.77 billion, a 0.1% decrease from the year prior. The net loss was $4.99 billion.

Executive Vice President and Chief Commercial Officer Timothy P. Glenn bought 5,150 shares for $26.2 per share on Nov. 4. Since then, the stock has gained 0.27%. Senior Vice President, General Counsel and Secretary Cornel B. Fuerer bought 2,000 shares for $26.17 per share on Nov. 4. Since then, the stock has risen 0.38%. Executive Vice President of Business Platforms Rajan Gajaria bought 7,000 shares for $26.21 per share on Nov. 4. The share price has increased by 0.23% since then.

Quad/Graphics CFO bought 10,000 shares

Executive Vice President and CFO David J. Honan bought 10,000 shares for $4.58 per share on Nov. 4. Since then, the stock has gained 5.24%. Quad/Graphics has a market cap of $229.140 million and its shares were traded around $4.34. The company has a price-sales ratio of 0.05. The trailing 12-month dividend yield is 27.65%, while the forward dividend yield is 14.22%.

Quad/Graphics announced its third-quarter results with revenue of $943.60 million and gross profit of $179.10 billion, while the net loss was $126.50 million. The 2018 total revenue was $4.19 billion, a 2% increase from 2017. The gross profit was $764.40 million, a 12 decrease from the year prior. The net loss was $8.50 million.

Executive Vice President of Administration and General Counsel Jennifer J. Kent bought 10,000 shares for $4.57 per share on Nov. 4.

Mayville Engineering CFO bought 10,000 shares

CFO Todd M. Butz bought 10,000 shares for $8.75 per share on Oct. 30. Since then, the stock has gained 15.89%. Mayville Engineering has a market cap of $200.17 million and its shares were traded around $10.14. The company has a price-earnings ratio of 18.78 and a price-sales ratio of 0.59.

Mayville Engineering announced its second-quarter results with revenue of $145.13 million and gross profit of $20.54 million, while the net loss was $15.28 million. The 2018 total revenue was $354.53 million, a 13% increase from 2017. The gross profit was $50.58 million, a 46% increase from the year prior. The net loss was $17.94 million.

Chairman, President and CEO Robert D. Kamphuis bought 20,000 shares for $8.79 per share on Oct. 30. The stock has climbed 15.36% since then. Director Timothy L. Christen bought 12,500 shares for $8.94 per share on Oct. 30. Shasres have risen 13.42% since then.

Disclosure: None.

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