Top Insider Purchases of the Week: EXP, PENN, HLF, CHK

PUBLISHED: 01 Dec 2012 @ 04:58 | Comments (0) | More info about Ed Liston

Eagle Materials Inc. (NYSE:EXP): The stock is currently trading at $53.70, down 1.00 percent from its previous close of $54.24. The company director Laurence E Hirsch bought 667,575 shares on November 27, 2012. The transaction was worth $36.149 million and the average price of the stock stood at $54.15.

The stock is trading at the Price Earnings ratio of 54.52. It has traded in the range of $22.28 and $56.40 in the past 52 weeks. The stock is currently doing well and recently created a new 52 weeks high. It is currently trading above its 20 days moving average price of $53.48 and 50 days moving average price of $53.67. The company also declared quarterly dividend of 10 cents per share. The dividend is payable on January 23, 2013 and the record date has been fixed at December 21, 2012. Eagle Materials in involved in the business of manufacturing and marketing building products. The company is based out of Dallas in Texas and it was formed in 1963.

Penn National Gaming Inc. (NASDAQ:PENN): The company CFO William J Clifford snapped 43,000 shares at an average price of $46.89 on November 26, 2012. The entire purchase amounted to $2.016 million. The stock is currently trading at $50.95, down 0.29 percent from its previous close of $51.10. Penn National Gaming created a new 52 week high of $51.39 in its yesterday’s trading session. It has traded in the range of $34.70 and $51.39 in the past 52 weeks. The company is engaged in the business of managing pari-mutuel and gaming properties. It recently announced the launch of new casino REIT. The company is planning to break itself up in to two public companies and to focus on a new gaming REIT. Its stock is currently trading above its 20 days moving average price of $50.87 and 50 days moving average price of $50.83. The stock is commands the Price Earnings ratio of 22.84. Penn National Gaming is based out of Pennsylvania and it was formed in 1972.

Herbalife Ltd. (NYSE:HLF): It is rumored that the company has zeroed in on North Carolina for setting up its new manufacturing plant. It is also said that the state may be offering up to $1.2 million in incentives to the company for prompting it to set up the shops in the state. The company stock is currently trading at $46.07, up 2.15 percent from its previous close of $45.10, while its COO Richard Goudis bought 45,516 shares for $1.997 million on November 29, 2012. The shares were purchased at the average price of $43.89. The company’s new plant is code named ‘Project Galaxy’ and the company expects it to be a 350,000 square foot facility. It was also rumored that the company was considering a Dell plant for acquisition. The company stock had opened at $46.02 and has traded in the range of $45.51 and $46.40 in the current trading session. Herbalife Ltd. stock commands the Price Earnings ratio of 11.90. Herbalife is a network marketing company and deals in fitness and wellness products. The company was formed in 1980 and it is based out of Grand Cayman.

Chesapeake Energy Corporation (NYSE:CHK): The stock is currently trading at $17.20, down 1.88 percent from its previous close of $17.53. One of its directors Brad R Martin upped his stake in the company by purchasing 40,000 shares on November 26. The stock was purchased at an average price of $17.24 and the transaction amounted to $689K. Chesapeake Energy introduced new cost saving diesel natural gas conversion kit for heavy duty trucks through its subsidiary Peake Fuel Solutions. The company claimed that the kit may help to save up to 30 percent on fuel costs. The company stock is trading at the beta of 1.1. It has traded in the range of $13.32 and $26.16 in the past 52 weeks. However, the stock is trading below its 20 days moving average price of $17.22 and 50 days moving average price of $17.34. Chesapeake Energy deals in natural gas and oil business. The company is based out of Oklahoma City and holds interests in natural gas properties. Chesapeake Energy also markets and drills oil. The company was formed in 1989 and has interests in 45,700 gross productive wells, as on December 31, 2011.

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