4 Insiders Raising Guidance and Buying Their Own Stock

Includes: HWK, TDY, TTWO, WATG
by: Kapitall

The following is a list of companies that have recently raised guidance for the upcoming quarters. In addition, all of these companies have seen insiders make open market purchases over the last few months.

Full analysis below.

1. Wonder Auto Technology, Inc. (OTCPK:WATG): Wonder Auto Technology recently guided 3Q10 revenue above $69M vs. a Reuters estimate of $67.8M. Qingjie Zhao (President & Chief Executive Officer) bought $279,385 worth of stock back in May.

2. Take-Two Interactive Software, Inc. (NASDAQ:TTWO): Take-Two Interactive Software recently announced that it increased its guidance for 4Q10 and now expects revenue to be in the range of $270M to $320M (vs. a Reuters estimate of $240M). Non-GAAP earnings per share was guided between $0.20 to $0.30 (vs. a Reuters estimate of -$0.12). Carl Icahn (10% Owner) has been buying the stock aggressively over recent weeks.

3. Hawk Corporation (HWK): Hawk Corp. recently raised FY10 guidance and expects net sales to a range of between $241M to $246M, from its previous guidance range of between $225M and $232M. EBIT was guided between $36M and $39M from its previous guidance range of 32M and $35M. The company cited continued strength in demand, primarily in its construction and mining and heavy truck markets. Gamco Investors (10% Owner) made open market purchases totaling $63,720 over the last year.

4. LeCROY Corporation (LCRY): LeCroy Corp. recently announced it expects to report a 38% year-over-year increase in revenues to approximately $38.6M the first quarter of 2011 (vs. a Reuters estimate of $37.63M). Back in March, Robert Anderson (Director) made an open market purchase valued at $15,093.

Disclosure: No positions