5 Companies Achieve 52-Week Highs
According to GuruFocus, these stocks have reached their 52-week highs.
Illinois Tool Works Inc. reached a 52-week high of $171.81
Illinois Tool Works Inc. (NYSE:ITW) is a global diversified manufacturer with 85 business divisions and operations in more than 50 countries. The company's seven segments manufacture a broad range of industrial products and equipment, including engineered fasteners and seat heaters for automakers, refrigerators and displays for grocery stores, and plastic six-rings for beverages and other consumer goods. ITW employs 48,000 people and reported 2016 revenue and adjusted operating income totaling $13.6 billion and $3.3 billion, respectively.
The price of Illinois Tool Works Inc. shares has reached $171.81, which is 0.3% off the 52-week high of $172.34. The company has a market cap of $55.58 billion; its shares were traded around $171.81 with a price-earnings ratio of 23.06 and a price-sales ratio of 3.96. The trailing 12-month dividend yield is 2.37%. The forward dividend yield is 2.49%. Illinois Tool Works Inc. had an annual average earnings growth of 9.70% over the past 10 years.
Illinois Tool Works Inc. recently reported its third-quarter 2019 results, including GAAP earnings per share of $2.04 compared to $1.90 in the third quarter of 2018. Revenue of $3.5 billion was down 3.7 percent with unfavorable foreign currency translation impact of 1.8 percent and a decline in organic revenue of 1.7 percent. The operating margin was 25.0 percent as enterprise initiatives contributed 120 basis points.
Lam Research Corp reached a 52-week high of $270.05
Lam Research Corp. (NASDAQ:LRCX) manufactures equipment used to fabricate semiconductors. The firm is focused on the etching, deposition and clean markets, which are key steps in the semiconductor manufacturing process. Lam's flagship Kiyo, Vector and Sabre products are sold in all major geographies to key customers such as Samsung Electronics and Taiwan Semiconductor Manufacturing.
The price of Lam Research Corp. shares has reached $270.05, which is 0.2% off the 52-week high of $270.63. The company has a market cap of $39.12 billion; its shares were traded around $270.05 with a price-earnings ratio of 19.89 and a price-sales ratio of 4.45. The trailing 12-month dividend yield is 1.65%. The forward dividend yield is 1.70%. Lam Research Corp. had an annual average earnings growth of 30.30% over the past 5 years.
Lam Research Corporation recently announced financial results for the quarter ended September 29, 2019. For the September 2019 quarter, revenue was $2,166 million, gross margin was $982 million (or 45.3% of revenue), operating expenses were $444 million, operating income was 24.8% of revenue and net income was $466 million, or $3.09 per diluted share on a U.S. GAAP basis. This compares to revenue of $2,361 million, gross margin of $1,081 million (or 45.8% of revenue), operating expenses of $464 million, operating income of 26.1% of revenue and net income of $542 million, or $3.51 per diluted share, for the quarter ended June 30, 2019 .
Senior Vice President Seshasayee Varadarajan sold 20,000 shares of Lam Research stock on October 15, 2019, at the price of $240 per share. The price of the stock has increased by 12.52% since.
Fastenal Co. reached a 52-week high of $37.18
Fastenal Co. (NASDAQ:FAST) opened its first fastener store in 1967 in Winona, Minnesota. In subsequent years, Fastenal greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 2,400 stores and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 37% of sales. Fastenal also offers customers supply-chain solutions such as vending and vendor-managed inventory.
The price of Fastenal Co. shares has reached $37.18, which is 1.7% off the 52-week high of $37.80. The company has a market cap of $21.32 billion; its shares were traded around $37.18 with a price-earnings ratio of 27.14 and a price-sales ratio of 4.03. The trailing 12-month dividend yield is 2.34%. The forward dividend yield is 2.37%. Fastenal Co. had an annual average earnings growth of 11.40% over the past 10 years. GuruFocus rated Fastenal Co. the business predictability rank of 4-star.
Fastenal recently announced its financial results for the quarter ended September 30, 2019. Net sales increased $99.3, or 7.8%, in the third quarter of 2019 when compared to the third quarter of 2018. Gross profit, as a percentage of net sales, declined 90 basis points to 47.2% in the third quarter of 2019 from 48.1% in the third quarter of 2018. Operating income, as a percentage of net sales, declined to 20.4% in the third quarter of 2019 from 20.5% in the third quarter of 2018.
Chief Executive Officer and President Daniel L. Florness sold 40,000 shares of Fastenal stock on October 14, 2019, at the price of $36 per share. The price of the stock has increased by 3.28% since.
U.S. Bancorp (NYSE:USB) reached a 52-week high of $56.74
As a diversified financial services provider, U.S. Bancorp (NYSE:USB) is the nation's fifth-largest bank with branches in 25 states in the Western and Northern United States. It is primarily funded by low-cost core deposits from the communities it serves. The company operates four segments: wholesale and commercial real estate banking; consumer and small-business banking; wealth management and securities services; and payment services.
The price of U.S. Bancorp shares has reached $56.74, which is 1.9% off the 52-week high of $57.81. The company has a market cap of $89.41 billion; its shares were traded around $56.74 with a price-earnings ratio of 13.07 and a price-sales ratio of 4.01. The trailing 12-month dividend yield is 2.70%. The forward dividend yield is 2.96%.
The company recently reported net revenue of $5,920 million, net income of $1,908 million and diluted earnings per share of $1.15. Total net revenue grew 3.9% year-over-year with positive operating leverage of 0.6% on a year-over-year basis.
Vice-Chair Gillern Jeffry H. Von sold 5,357 shares of U.S. Bancorp stock on October 22, 2019, at the price of $56.67 per share. The price of the stock has increased by 0.12% since.
Copart Inc. reached a 52-week high of $83.94
Copart Inc. (NASDAQ:CPRT) is a provider of online auctions and vehicle remarketing services targeted primarily at insurance companies, car dealerships, fleet operators and vehicle rental companies. The majority of the vehicles sold through Copart's services are either damaged or recovered stolen vehicles. Copart principally sells to vehicle dismantlers, rebuilders, used vehicle importers and exporters and the general public. The company generates revenue from fees paid by vehicle sellers and buyers and/or purchasing and reselling vehicles on its own account. Its main markets include North America and the British Isles.
The price of Copart Inc. shares has reached $83.94, which is 1.4% off the 52-week high of $85.10. The company has a market cap of $19.5 billion; its shares were traded around $83.94 with a price-earnings ratio of 33.98 and a price-sales ratio of 9.88. Copart Inc. had an annual average earnings growth of 14.90% over the past 10 years. GuruFocus rated it the business predictability rank of 4.5-star.
Copart Inc. recently reported financial results for the quarter and year ended July 31, 2019. For the three months ended July 31, 2019, revenue, gross profit and net income were $542.6 million, $242.6 million and $153.5 million, respectively. These represent a year-over-year increase in revenue of $93.4 million, or 20.8%; an increase in gross profit of $54.2 million, or 28.8%; and an increase in net income of $43.7 million, or 39.9%.
Note: I do not own the stocks discussed
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5 Companies Hit 52-Week Highs
5 Companies Hit 52-Week Highs
5 Companies Hit 52-Week Highs
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This article first appeared on GuruFocus.
