Insider Trading Wed 11/27/24

Notable purchases -- Icahn adds to UAN, IIIV and TFC CEOs active; notable sales -- MTSI 10% owner sells $25 mln

Buyers

• PSEC execs. (2) bought 1,005,000 shares between $4.72-$4.78 worth approx. $4.8 mln.
• IIIV CEO bought 88,544 shares between $23.51-$24.06 worth approx. $2.1 mln.
• UAN 10% owner, C. Icahn, bought 25,815 shares between $70.72-$72.36 worth approx. $1.8 mln.
• TFC CEO bought 34,180 shares at $48.56 worth approx. $1.7 mln.

Sellers

• MTSI 10% owner sold 187,562 shares at $133.15-$136.67 worth approx. $25.2 mln.
• UAL EVP sold 60K shares between $94.72-$95.54 worth approx. $5.7 mln.
• NPWR 10% owner sold 431,009 shares at 12.76 worth approx. $5.5 mln.
• ALKT CFO sold 99,755 shares at $41.89 worth approx. $4.2 mln.
• PATK CEO sold 30K shares between $135-$140.64 worth approx. $4.1 mln.
• FTAI Director sold 20K shares between $173.68-$174.99 worth approx. $3.5 mln.
• ALAB Director sold 30K shares between $104.91-$107.17 worth approx. $3.2 mln.
• ROAD SVP sold 25K shares between $100.66-$102.13 worth approx. $2.5 mln.

-=Construction Partners (ROAD) reported earnings on Mon 9 Dec 19 (a/h)

Construction Partners misses by $0.02, misses on revs; guides FY20 revs in-line

Reports Q4 (Sep) earnings of $0.32 per share, $0.02 worse than the S&P Capital IQ Consensus of $0.34; revenues rose 10.0% year/year to $237.3 mln vs the $250.47 mln S&P Capital IQ Consensus.

Project backlog at September 30, 2019 was $531.1 mln, compared to $594.4 mln at September 30, 2018. Backlog is lower than at the same point last year, primarily as a result of the company's strategic focus on recurring repair and maintenance projects while some of the company's markets were letting a project mix that included "mega projects" of the type that the company typically does not pursue.

Co issues in-line guidance for FY20, sees FY20 revs of $830-$870 mln vs. $854.62 mln S&P Capital IQ Consensus. Sees Adj. EBITDA of $94-$102 mln.

Earnings this week : Dec 9 - 12, 19 (wk 50)

Monday (Dec 9)

• Morning: THO
• Afternoon: CDMO CASY CHWY ROAD MDB PHR SFIX TOL MTN

Tuesday (Dec 10)

• Morning: AZO CMD CONN DBI HDS
• Afternoon: PLAY GME OLLI

Wednesday (Dec 11)

• Morning: AEO PLAB PLCE UNFI VRA
• Afternoon: LULU MESA NDSN OXM NX TLRD

Thursday (Dec 12)

• Morning: CIEN LOVE
• Afternoon: ADBE AVGO COST ORL

Friday (Dec 12) 

• None 

 Notable earnings reports: 
Casey's General Stores (NASDAQ:CASY), Chewy (NYSE:CHWY), MongoDB (NASDAQ:MDB), Stitch Fix (NASDAQ:SFIX), Toll Brothers (NYSE:TOL), Vail Resorts (NYSE:MTN) on December 9; AutoZone (NYSE:AZO), Dave & Buster's (NASDAQ:PLAY) and GameStop (GME) on December 10; American Eagle Outfitters (NYSE:AEO), Lululemon (LULU) and Tailored Brands (NYSE:TLRD) on December 11; Nio (NYSE:NIO), Adobe (NASDAQ:ADBE), Broadcom (NASDAQ:AVGO), Costco (NASDAQ:COST) and Oracle (NYSE:ORCL) on December 12.