Sunday, September 1, 2013

Pennsylvania Largest Non-Financial Corps Stock Prices Up 202% Since President Obama Took Office

From a review of SEC filings, I found 61 Corps headquartered in the State of Pennsylvania.....12 Financial and 49 Non-Financial..... which generated Audited US GAAP After-tax Net Income or Net Loss of at least $100 mil in any of the five years from 2007 to 2011, and which also had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on August 30, 2013.  Included in these 61 Corps were two which were acquired in 2013.  Also included in these 61 Corps are two foreign corps with substantial operations in the Philadelphia Area. 

These 61 Largest Pennsylvania Corps had their average stock prices increase by 183% from January 16, 2009 to August 30, 2013.  This 183% increase is nearly double the 92% increase in the S&P 500 Index over the same time span.

The 49 Non-Financial Corps did even better, generating an average stock price increase of 202% so far during the Obama Administration.

Below here are the common stock market closing prices of each of these 61 Largest Pennsylvania Corps at both the most recent date (August 30, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

Pennsylvania Price Price Increase

HQs 8-30-13 1-16-09 (Decrease)
Pennsylvania Largest Corps








Financial Corps



Radian Group Philadelphia $13.55 $3.53 284%
Pennsylvania REIT Philadelphia $18.55 $6.28 195%
Lincoln National Radnor $42.04 $18.21 131%
RAIT Financial Trust Philadelphia $6.18 $2.75 125%
SEI Investments Oaks $29.76 $13.57 119%
Erie Indemnity Erie $73.76 $37.84 95%
PNC Financial Pittsburgh $72.27 $37.54 93%
ACE Ltd Philadelphia $87.72 $49.77 76%
Liberty Property Trust Malvern $34.60 $20.00 73%
Fulton Financial Lancaster $12.09 $7.90 53%
Federated Investors Pittsburgh $27.16 $18.62 46%
Natl Penn Bancshares Boyertown $10.04 $10.63 -6%





Average Increase: all 12 Financial Corps


107%





Non-Financial Corps



Atlas Energy LP Pittsburgh $50.03 $3.11 1508%
Rite Aid Camp Hill $3.46 $0.43 705%
Kulicke & Soffa Philadelphia $11.06 $1.67 562%
EnerSys Reading $51.28 $9.26 454%
Vishay Intertechnology Malvern $12.25 $2.51 388%
Wesco Intl Pittsburgh $73.77 $18.08 308%
Sunoco Logistics Partners Philadelphia $64.24 $16.34 293%
Safeguard Scientifics Wayne $14.54 $3.78 285%
Dick's Sporting Goods Coraopolis $46.41 $12.18 281%
PPG Industries Pittsburgh $156.21 $41.43 277%
Triumph Group Berwyn $71.97 $19.80 264%
Universal Health Services King of Prussia $67.75 $18.94 258%
Westinghouse Air Brake Wilmerding $58.52 $16.63 252%
Ansys Canonsburg $83.98 $24.64 241%
Gardner Denver Wayne $75.99 $22.90 232%
Mylan Inc Canonsburg $35.34 $11.00 221%
TE Connectivity Ltd Philadelphia Area $49.00 $15.82 210%
Atlas Resource Partners Pittsburgh $20.75 $6.73 208%
AmeriSource Bergen Chesterbrook $56.92 $18.71 204%
Ametek Berwyn $42.92 $14.44 197%
FMC Philadelphia $66.61 $22.57 195%
Carpenter Technology Wyomissing $53.77 $19.47 176%
Comcast Philadelphia $42.09 $15.33 175%
Unisys Blue Bell $25.16 $9.40 168%
Penn National Gaming Wyomissing $52.59 $19.71 167%
Hershey Hershey $91.95 $35.03 162%
Airgas Radnor $101.65 $39.05 160%
Urban Outfitters Philadelphia $41.93 $16.14 160%
EQT Pittsburgh $85.72 $33.00 160%
Armstrong World Industries Lancaster $48.56 $19.52 149%
Kennametal Latrobe $42.52 $17.57 142%
Crown Holdings Philadelphia $43.46 $18.87 130%
Viropharma Exton $30.15 $13.38 125%
HJ Heinz Pittsburgh $72.49 $36.08 101%
Endo Pharmaceuticals Chadds Ford $41.09 $22.27 85%
Air Products & Chemicals Allentown $102.14 $57.02 79%
Penn Virginia Resource Partners Radnor $23.21 $13.36 74%
Toll Brothers Horsham $30.61 $19.11 60%
Dentsply York $41.99 $27.15 55%
Teleflex Limerick $77.08 $51.25 50%
American Eagle Outfitters Pittsburgh $14.47 $10.06 44%
Amerigas Partners Valley Forge $42.50 $30.07 41%
CONSOL Energy Canonsburg $31.23 $26.48 18%
Black Box Lawrence $26.57 $24.53 8%
Allegheny Technologies Pittsburgh $26.71 $26.34 1%
Harsco Camp Hill $23.53 $26.94 -13%
Alcoa Pittsburgh $7.70 $9.43 -18%
United States Steel Pittsburgh $17.90 $32.58 -45%
Penn Virginia Corp Radnor $4.81 $23.41 -79%





Average Increase: all 49 Non-Financial Corps


202%





Average Increase: all 61 Largest Pennsylvania Corps

183%





Dow Industrials Index
14,810.31 8,281.22 79%
S&P 500 Index
1,632.97 850.12 92%
S&P Mid-Cap 400 Index
1,183.87 516.75 129%
S&P SmallCap 600 Index
572.82 247.89 131%

The fine stock market performance of these Largest Pennsylvania Corps was pretty consistent all throughout the State during the Obama Administration.  The average stock market increase was 206% for the 18 Pittsburgh Area Corps, 179% for the 29 Philadelphia Area Corps and 162% for the 14 Other Pennsylvania Corps.  The outperformance by the Pittsburgh Area Corps was due to one company:  Atlas Energy LP.



Market Market Percentage

Pennsylvania Price Price Increase

HQs 8-30-13 1-16-09 (Decrease)
Pittsburgh Area Corps








Atlas Energy LP Pittsburgh $50.03 $3.11 1508%
Wesco Intl Pittsburgh $73.77 $18.08 308%
Dick's Sporting Goods Coraopolis $46.41 $12.18 281%
PPG Industries Pittsburgh $156.21 $41.43 277%
Westinghouse Air Brake Wilmerding $58.52 $16.63 252%
Ansys Canonsburg $83.98 $24.64 241%
Mylan Inc Canonsburg $35.34 $11.00 221%
Atlas Resource Partners Pittsburgh $20.75 $6.73 208%
EQT Pittsburgh $85.72 $33.00 160%
HJ Heinz Pittsburgh $72.49 $36.08 101%
PNC Financial Pittsburgh $72.27 $37.54 93%
Federated Investors Pittsburgh $27.16 $18.62 46%
American Eagle Outfitters Pittsburgh $14.47 $10.06 44%
CONSOL Energy Canonsburg $31.23 $26.48 18%
Black Box Lawrence $26.57 $24.53 8%
Allegheny Technologies Pittsburgh $26.71 $26.34 1%
Alcoa Pittsburgh $7.70 $9.43 -18%
United States Steel Pittsburgh $17.90 $32.58 -45%





Average Increase: all 18 Pittsburgh Area Corps


206%












Market Market Percentage

Pennsylvania Price Price Increase

HQs 8-30-13 1-16-09 (Decrease)
Philadelphia Area Corps








Kulicke & Soffa Philadelphia $11.06 $1.67 562%
Vishay Intertechnology Malvern $12.25 $2.51 388%
Sunoco Logistics Partners Philadelphia $64.24 $16.34 293%
Safeguard Scientifics Wayne $14.54 $3.78 285%
Radian Group Philadelphia $13.55 $3.53 284%
Triumph Group Berwyn $71.97 $19.80 264%
Universal Health Services King of Prussia $67.75 $18.94 258%
Gardner Denver Wayne $75.99 $22.90 232%
TE Connectivity Ltd Philadelphia Area $49.00 $15.82 210%
AmeriSource Bergen Chesterbrook $56.92 $18.71 204%
Ametek Berwyn $42.92 $14.44 197%
Pennsylvania REIT Philadelphia $18.55 $6.28 195%
FMC Philadelphia $66.61 $22.57 195%
Comcast Philadelphia $42.09 $15.33 175%
Unisys Blue Bell $25.16 $9.40 168%
Airgas Radnor $101.65 $39.05 160%
Urban Outfitters Philadelphia $41.93 $16.14 160%
Lincoln National Radnor $42.04 $18.21 131%
Crown Holdings Philadelphia $43.46 $18.87 130%
Viropharma Exton $30.15 $13.38 125%
RAIT Financial Trust Philadelphia $6.18 $2.75 125%
SEI Investments Oaks $29.76 $13.57 119%
Endo Pharmaceuticals Chadds Ford $41.09 $22.27 85%
ACE Ltd Philadelphia $87.72 $49.77 76%
Penn Virginia Resource Partners Radnor $23.21 $13.36 74%
Liberty Property Trust Malvern $34.60 $20.00 73%
Toll Brothers Horsham $30.61 $19.11 60%
Amerigas Partners Valley Forge $42.50 $30.07 41%
Penn Virginia Corp Radnor $4.81 $23.41 -79%





Average Increase: all 29 Philadelphia Area Corps

179%