Weekly CFO Sells Highlight: FWLT, DOOR, NKE, MGAM, GILD

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Oct 07, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Foster Wheeler AG, Masonite International Corp, Nike Inc., Multimedia Games Holding Co. Inc. and Gilead Sciences Inc.

Foster Wheeler AG (FWLT, Financial): Executive VP, CFO and Treasurer Franco Baseotto Sold 35,590 Shares

Executive VP, CFO and Treasurer Franco Baseotto sold 35,590 shares of FWLT stock on 10/01/2013 at the average price of $26.58. Franco Baseotto owns at least 55,097 shares after this. The price of the stock has increased by 0.3% since.

Foster Wheeler AG has a market cap of $2.62 billion; its shares were traded at around $26.66 with a P/E ratio of 18.83 and P/S ratio of 0.87.

Foster Wheeler reported second quarter 2013 income from continuing operations of $68.3 million ($0.68 per diluted share), compared to $30.4 million ($0.24 per share) the same quarter last year.

CEO J. Kent Masters sold 42,388 shares of FWLT stock on 09/30/2013 at the average price of $26.06.

Masonite International Corp (DOOR, Financial): Executive VP and CFO Mark J. Erceg Sold 73,881 Shares

Executive VP and CFO Mark J. Erceg sold 73,881 shares of DOOR stock on 10/04/2013 at the average price of $47.08. Mark J. Erceg owns at least 87,049 shares after this. The price of the stock has increased by 2.17% since.

Masonite International Corp has a market cap of $1.36 billion; its shares were traded at around $48.10.

Masonite International Corp announced second quarter net sales increase over last year by 4.7% to $453.1 million, and adjusted EBITDA increase of 24% to $33.5 million.

Lawrence P. Repar and Glenwood E. Coulter Jr. both also sold shares of DOOR stock over the past week.

Nike Inc. (NKE, Financial): EVP and CFO Donald W. Blair Sold 66,000 Shares

EVP and CFO Donald W. Blair sold 66,000 shares of NKE stock on 09/27/2013 at the average price of $74.85. Donald W. Blair owns at least 218,282 shares after this. The price of the stock has decreased by 3.62% since.

Nike Inc. has a market cap of $64.23 billion; its shares were traded at around $72.14 with a P/E ratio of 26.81 and P/S ratio of 2.54. The dividend yield of Nike Inc. stocks is 1.16%. Nike Inc. had an annual average earnings growth of 8.1% over the past 10 years. GuruFocus rated Nike Inc. the business predictability rank of 4.5-star.

Nike Inc. recently released its first quarter 2014 results ended Aug. 31, 2013. Nike revenues increased 8% to $7.0 billion, with gross margin increasing 120 basis points to 44.9% on lower raw material costs. Net income increased 33% to $780 million.

Multimedia Games Holding Co. Inc. (MGAM, Financial): CFO Adam Chibib Sold 45,000 Shares

CFO Adam Chibib sold 45,000 shares of MGAM stock on 10/01/2013 at the average price of $34.52. Adam Chibib owns at least 47,800 shares after this. The price of the stock has decreased by 6.05% since.

Multimedia Games Holding Co. Inc. has a market cap of $938.884 million; its shares were traded at around $32.43 with a P/E ratio of 29.67 and P/S ratio of 5.15. Multimedia Games Holding Co. Inc. had an annual average earnings growth of 5.3% over the past five years.

Multimedia Games Holding Co reported third quarter 2013 revenues of $48.1 million and net income of $8.4 million, compared to revenues of $40.5 million and income of $7.2 million in the same period last year.

President and CEO Patrick J. Ramsey sold 130,510 shares of MGAM stock on 10/02/2013 at the average price of $34.46. Multiple other insiders all also sold shares of MGAM stock.

Gilead Sciences Inc. (GILD, Financial): SVP and CFO Robin L. Washington Sold 35,600 Shares

SVP and CFO Robin L. Washington sold 35,600 shares of GILD stock on 09/30/2013 at the average price of $63.28. Robin L. Washington owns at least 27,130 shares after this. The price of the stock has decreased by 0.38% since.

Gilead Sciences Inc. has a market cap of $96.49 billion; its shares were traded at around $63.04 with a P/E ratio of 35.34 and P/S ratio of 9.30. Gilead Sciences Inc. had an annual average earnings growth of 16.2% over the past five years.

For its second quarter of 2013, the company generated total revenues of $2.77 billion, up 15% over the prior year quarter.

Chairman and CEO John C. Martin sold 282,242 shares of GILD stock on 10/01/2013 at the average price of $62.7. EVP, Corporate and Med Affairs Gregg H. Alton sold 30,000 shares of GILD stock on 10/01/2013 at the average price of $62.75.

For the complete list of stocks that were sold by their CFOs, go to: Insider Buys.