Weekly CEO Buys Highlight: NWS, CDNS, NL, GNW, FBN

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Feb 12, 2011
Last week's top five CEO Buy companies were News Corp, Cadence Design Systems, NL Industries, Genworth Financial, and Furniture Brands. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.


News Corp. (NWS, Financial): Chairman and CEO Keith Rupert Murdoch Bought 1,200,100 Shares


Chairman and CEO of News Corp. (NWS) Keith Rupert Murdoch bought 1,200,100 shares on 02/08/2011 at an average price of $18.33. News Corporation's diversified global operations include the production and distribution of motion pictures and television programming; television, satellite and cable broadcasting; the publication of newspapers, magazines, books; the production and distribution of promotional and advertising products and services; the development of digital broadcasting; the development of conditional access and subscriber management systems; and the creation and distribution of popular on-line programming. News Corp. has a market cap of $43.73 billion; its shares were traded at around $18.33 with a P/E ratio of 16.3 and P/S ratio of 1.3. The dividend yield of News Corp. stocks is 0.9%.


News Corp recently reported second quarter total segment operating income of $1.29 billion compared with $712 million of total segment operating income reported a year ago. The prior year’s second quarter results included a $500 million litigation settlement charge at the Company’s integrated marketing services business, which is part of the Publishing segment.


Donald Yacktman owns 80,000 shares as of 12/31/2010, which accounts for 0.02% of the $5.96 billion portfolio of Yacktman Asset Management Co.. Mario Gabelli owns 90,016 shares as of 12/31/2010, which accounts for 0.01% of the $26.72 billion portfolio of GAMCO Investors. Jean-Marie Eveillard owns 920 shares as of 09/30/2010, which accounts for less than 0.01% of the $15.82 billion portfolio of First Eagle Investment Management, LLC.


CEO Recent Trades:


Sell: Director Thomas J Perkins sold 10,875 shares of NWS stock on 02/08/2011 at the average price of 18.23. Thomas J Perkins owns at least 10,875 shares after this. The price of the stock has increased by 0.55% since.


Cadence Design Systems Inc. (CDNS, Financial): President and CEO Lip Bu Tan Bought 25,000 Shares


President and CEO of Cadence Design Systems Inc. (CDNS) Lip Bu Tan bought 25,000 shares on 02/08/2011 at an average price of $10.03. Cadence Design Systems, Inc. provides comprehensive software and othertechnology and offers design and methodology services for the productdevelopment requirements of the world's electronics companies. Cadence Design Systems Inc. has a market cap of $2.39 billion; its shares were traded at around $10.03 with a P/E ratio of 20.4 and P/S ratio of 2.8.


Cadence reported fourth quarter 2010 revenue of $249 million, compared to revenue of $220 million reported for the same period in 2009. On a GAAP basis, Cadence recognized a net loss of $21 million, or $(0.08) per share on a diluted basis in the fourth quarter of 2010, compared to a net income of $2 million, or $0.01 per share on a diluted basis, in the same period in 2009.


Carl Icahn bought 2,864,000 shares in the quarter that ended on 09/30/2010, which is 0.44% of the $5.02 billion portfolio of Icahn Capital Management LP. Dodge & Cox owns 46,307,382 shares as of 09/30/2010, which accounts for 0.45% of the $79.16 billion portfolio of Dodge & Cox.


Buy: Senior Vice President, CFO Geoffrey G Ribar bought 10,000 shares of CDNS stock on 02/07/2011 at the average price of 9.48. Geoffrey G Ribar owns at least 50,000 shares after this. The price of the stock has increased by 5.8% since.


NL INDUSTRIES INC. (NL, Financial): Chairman of the Board and CEO, 10% Owner Harold C Simmons Bought 16,000 Shares


Chairman of the Board and CEO, 10% Owner of NL INDUSTRIES INC. (NL) Harold C Simmons bought 16,000 shares on 02/07/2011 at an average price of $14.26. NL INDUSTRIES, INC. conducts its operations through its two wholly-owned subsidiaries, Kronos, Inc. Nl Industries Inc. has a market cap of $651 million; its shares were traded at around $14.26 with a P/E ratio of 95.7 and P/S ratio of 5.6. The dividend yield of Nl Industries Inc. stocks is 3.8%.


GENWORTH FINANCIAL INC. (GNW, Financial): Chairman, President & CEO Michael D Fraizer Bought 10,000 Shares


Chairman, President & CEO of GENWORTH FINANCIAL INC. (GNW) Michael D Fraizer bought 10,000 shares on 02/08/2011 at an average price of $13.59. Genworth Financial is a insurance company in the U. Genworth Financial Inc. has a market cap of $7.14 billion; its shares were traded at around $13.59 with a P/E ratio of 20.2 and P/S ratio of 0.8.


GNW recently reported results for the fourth quarter of 2010. The company reported a net loss of $161 million, or $0.33 per diluted share, compared with net income of $40 million, or $0.08 per diluted share, in the fourth quarter of 2009. The net operating loss for the fourth quarter of 2010 was $135 million, or $0.28 per diluted share, compared with net operating income of $94 million, or $0.19 per diluted share, in the fourth quarter of 2009.


Richard Snow owns 390,000 shares as of 12/31/2010, an increase of 50% from the previous quarter. This position accounts for 0.2% of the $2.58 billion portfolio of Snow Capital Management, L.P.. Edward Lampert owns 10,840,871 shares as of 09/30/2010, an increase of 19.25% from the previous quarter. This position accounts for 1.57% of the $8.44 billion portfolio of ESL Investments.


Buy: SVP - Chief Risk Officer Michel Gilles Perreault bought 4,000 shares of GNW stock on 02/08/2011 at the average price of 12.99. Michel Gilles Perreault owns at least 5,130 shares after this. The price of the stock has increased by 4.62% since.


FURNITURE BRANDS INTL (FBN, Financial): Chairman of the Board, CEO Ralph P Scozzafava Bought 25,000 Shares


Chairman of the Board, CEO of FURNITURE BRANDS INTL (FBN) Ralph P Scozzafava bought 25,000 shares on 02/07/2011 at an average price of $4.34. Furniture Brands International, Inc. is one of the largest manufacturers of residential furniture in the United States. Furniture Brands Intl has a market cap of $281.3 million; its shares were traded at around $4.34 with and P/S ratio of 0.2.


Furniture Brands International recently reported its results for the fourth quarter of 2010. For the quarter, the company reported that its net loss was $44.7 million, or 82 cents per diluted share, compared to a net loss of $65 million, or $1.35 per share in the fourth quarter of 2009.


HOTCHKIS & WILEY owns 920,900 shares as of 09/30/2010, which accounts for 0.03% of the $14.81 billion portfolio of Hotchkis & Wliey Capital Management LLC.


CEO Recent Trades:


Buy: Sr VP, CFO Steven G Rolls bought 10,000 shares of FBN stock on 02/07/2011 at the average price of 3.9. Steven G Rolls owns at least 80,145 shares after this. The price of the stock has increased by 11.28% since. Other insiders have also increased their positions in the company.