According to
GuruFocus Insider Data
, these are the largest insider buys during the past week: NuStar
Energy LP (
NS
), Spectra Energy Partners LP (
SEP
), Woodward Inc. (
WWD
), The Wendy's Company (
WEN
), and Belden Inc. (
BDC
).
The overall trend of insiders is illustrated in the chart below:
NuStar Energy LP (
NS
): Director Dan J. Hill Bought 1,045 Shares
Director of NuStar Energy LP, Dan J. Hill, bought 1,045 shares on
9/05/2012 at an average price of $48.9. Valero LP, formerly
Shamrock Logistics LP, owns and operates most of Ultramar Diamond
Shamrock's crude oil and refined product pipeline, terminalling,
and storage assets that support the McKee, Three Rivers, and
Ardmore refineries and its marketing operations located in Texas,
Oklahoma, Colorado, New Mexico and Arizona. NuStar Energy LP has
a market cap of $3.59 billion; its shares were traded at around
$48.9 with a P/E ratio of 32.1 and P/S ratio of 0.6. The dividend
yield of NuStar Energy LP stocks is 8.6%. NuStar Energy LP had an
annual average earnings growth of 1.2% over the past five years.
On July 27, NuStar Energy LP announced second quarter
distributable cash flow available to limited partners of $16.9
million, or $0.24 per unit, compared to 2011 second quarter
distributable cash flow of $119.4 million, or $1.85 per unit. The
company reported a second quarter net loss applicable to limited
partners of $251.6 million, or $3.56 per unit, compared to net
income applicable to limited partners of $81.8 million, or $1.27
per unit, earned in the second quarter of 2011.
This month, President and CEO
Curt Anastasio
and Director
Dan J. Hill
bought shares of NS stock. Director
Jesse D. Bates
bought 1,000 shares in April.
Spectra Energy Partners LP (
SEP
): Director Nora Mead Brownell Bought 1,093 Shares
Director of Spectra Energy Partners, LP, Nora Mead Brownell
bought 1,093 shares on 8/31/2012 at an average price of $32.22.
Spectra Energy Partners LP is a growth oriented, Delaware master
limited partnership recently formed by Spectra Energy Corp.,
headquartered in Houston, Texas, to own and operate natural gas
transportation and storage assets. Spectra Energy Partners LP has
a market cap of $3.09 billion; its shares were traded at around
$32.22 with a P/E ratio of 19.1 and P/S ratio of 15.1. The
dividend yield of Spectra Energy Partners LP stocks is 6.1%.
On August 2, Spectra Energy Partners LP reported second quarter
2012 cash available for distribution of $53.1 million, compared
with $45.1 million in the prior-year quarter. Net income was
$46.9 million for the quarter, compared with $37.6 million in the
second quarter 2011. Distributions per limited partner unit for
the quarter were $0.485, compared with $0.465 per limited partner
unit for the second quarter 2011.
Last week, Director Nora Mead Brownell bought 1,093 shares of SEP
stock.
Woodward Inc. (
WWD
): Director Paul Donovan Bought 5,500 Shares
Director of Woodward Inc., Paul Donovan, bought 5,500 shares on
9/05/2012 at an average price of $36.99. Woodward Inc. operates
as a designer, manufacturer, and service provider of energy
control and optimization solutions used in global infrastructure
equipment serving the aerospace, power generation and
distribution, and transportation markets. Woodward Inc. has a
market cap of $2.42 billion; its shares were traded at around
$36.99 with a P/E ratio of 17.1 and P/S ratio of 1.4. The
dividend yield of Woodward Inc. stocks is 0.9%. Woodward Inc. had
an annual average earnings growth of 16.4% over the past 10
years.
On April 23, Woodward Inc. reported financial results for its
second quarter of fiscal 2012. Net sales for the fiscal 2012
second quarter were $468.8 million, an increase of 12 percent
from $418.9 million for the 2011 second quarter. Net earnings for
the 2012 second quarter increased to $38.8 million, from $32.1
million in the 2011 second quarter. Earnings per share increased
20 percent to $0.55 per share from $0.46 in the prior year's
second quarter. The effective tax rate for the second quarter of
2012 was 28.3 percent.
Last week, Director Paul Donovan bought 5,500 shares of WWD
stock. Director Gregg C. Sengstack bought 2,500 shares in August.
Director John A. Halbrook sold 2,000 shares last week, and
President, Engine Systems Chad Robert Preiss sold 4,500 shares in
August.
The Wendy's Company (
WEN
): Chief People Officer Scott A. Weisberg Bought 20,000
Shares
Chief People Officer of The Wendy's Company, Scott A. Weisberg,
bought 20,000 shares on 09/05/2012 at an average price of $4.45.
The Wendy's Company operates fast-food restaurants. The Wendy's
Company has a market cap of $1.67 billion; its shares were traded
at around $4.45 with a P/E ratio of 30.5 and P/S ratio of 0.7.
The dividend yield of The Wendy's Company stocks is 1.9%.
On August 9, The Wendy's Company reported results for the second
quarter ended July 1, 2012. Consolidated revenues were $645.9
million, an increase of 3.8 percent compared to $622.5 million in
the second quarter of 2011. Primarily as a result of a $25.2
million pretax charge from the early extinguishment of debt, the
Company reported a net loss from continuing operations of $5.5
million. This compares to net income from continuing operations
of $11.4 million in the second quarter of 2011.
Last week, Chief People Officer Scott A. Weisberg bought 20,000
shares of WEN stock. Director Jack Gumpert Wasserman bought 1,000
shares in August. Senior Vice President, General Counsel and
Secretary R. Scott Toop and Director Jack Gumpert Wasserman
bought shares in May.
Belden Inc. (
BDC
): Director Lance C. Balk Bought 3,000 Shares
Director of Belden Inc., Lance C. Balk, bought 3,000 shares on
8/31/2012 at an average price of $38. Belden Inc. is engaged in
the design, manufacture and retail of cable, connectivity and
networking products in markets including industrial automation,
enterprise, transportation, infrastructure and consumer
electronics. Belden Inc. has a market cap of $1.55 billion; its
shares were traded at around $38 with a P/E ratio of 12.9 and P/S
ratio of 0.8. The dividend yield of Belden Inc. stocks is 0.6%.
On August 9, Belden Inc. reported second quarter 2012 results for
the period ended July 1, 2012. Revenue for the quarter totaled
$484.0 million, up 4% compared to $464.3 million in the first
quarter 2012. Income from continuing operations per diluted share
for the quarter totaled $0.92, compared to $0.52 per diluted
share in the first quarter 2012 and $0.72 per diluted share in
the second quarter 2011. The effective tax rate for the quarter
was less than the 25.0% rate estimated in the Company's previous
guidance due to the timing within the year of favorable discrete
tax items, which had a positive impact of $0.17 per diluted
share.
In August, Director Lance C. Balk bought 3,000 shares of BDC
stock. Director Mary S. Mcleod sold shares in May and Director
Glenn Kalnasy and Senior Vice President Finance and CFO Henk
Derksen sold shares in March.
For the complete list of stocks that bought by their company
executives, go to: Insider Buys.About GuruFocus: GuruFocus.com
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