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5 Companies Hit 52-Week Highs

According to the GuruFocus list of 52-week highs, these Guru stocks have reached their 52-week highs.

PPG Industries Inc. reached the 52-week high of $124.23

PPG Industries Inc. (NYSE:PPG) is a global producer of coatings and glass. The company is the world's largest producer of coatings after the purchase of selected AkzoNobel assets. PPG's products are sold to a wide variety of end-users, including the automotive, aerospace, construction and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.


The price of PPG Industries Inc. shares has reached $124.23, which is 0.5% off the 52-week high of $124.90. The company has a market cap of $29.35 billion; its shares were traded around $124.23 with a price-earnings ratio of 24.50 and a price-sales ratio of 1.97. The trailing 12-month dividend yield is 1.57%. The forward dividend yield is 1.64%. PPG Industries Inc. had an annual average earnings growth of 6.90% over the past 10 years. GuruFocus rated it the business predictability rank of 2-star.

PPG recently reported third-quarter 2019 net sales of approximately $3.8 billion, comparable with the prior year. Third-quarter 2019 reported net income from continuing operations was $366 million, or $1.54 per diluted share. Adjusted net income from continuing operations was $396 million, or $1.67 per diluted share.

Bio-Rad Laboratories Inc. reached the 52-week high of $343.27

Bio-Rad Laboratories Inc. (NYSE:BIO) manufactures and supplies systems used to separate and analyze chemical and biological materials to life sciences and healthcare companies. The firm has two business segments: Life Science and Clinical Diagnostics. The life sciences segment manufactures reagents and laboratory instruments used by researchers, food producers and pharmaceutical manufacturers. The Clinical Diagnostics segment generates over half of the firm's revenue by selling in vitro diagnostic tests to clinical laboratories. A majority of the firm's revenue is generated outside of the United States.

The price of Bio-Rad Laboratories Inc. shares has reached $343.27, which is 1.5% off the 52-week high of $348.39. The company has a market cap of $10.22 billion; its shares were traded around $343.27 with a price-earnings ratio of 11.59 and a price-sales ratio of 4.53. It had an annual average earnings growth of 7.90% over the past 5 years. GuruFocus rated Bio-rad Laboratories Inc. the business predictability rank of 3.5-star.

Bio-Rad Laboratories, Inc. recently announced financial results for the second quarter ended June 30, 2019. Second-quarter 2019 net sales were $572.6 million, a decrease of 0.6 percent compared to $575.9 million reported for the second quarter of 2018. Net income for the second quarter of 2019 was $598.8 million, or $19.86 per share on a diluted basis versus the second quarter in 2018 in which net income was $268.0 million, or $8.87 per share on a diluted basis.

Charter Communications Inc. reached the 52-week high of $440.05

Charter Communications Inc. (NASDAQ:CHTR) is the fourth-largest cable company in the United States. The firm provides television, internet access and telephone services to 5.5 million subscribers in 29 states. Charter was founded in 1999 through a series of small cable system acquisitions. Charter Communications, the firm that is publicly traded, owns nearly 50% of Charter Communications Holding Company, which owns the cable assets.

The price of Charter Communications Inc. shares has reached $440.05, which is 1.1% off the 52-week high of $445.00. The company has a market cap of $97.46 billion; its shares were traded around $440.05 with a price-earnings ratio of 74.58 and a price-sales ratio of 2.26. Charter Communications Inc. had an annual average earnings growth of 17.90% over the past 5 years.

Charter Communications, Inc. recently reported financial and operating results for the three and six months ended June 30, 2019. Second-quarter revenues of $11.3 billion grew 4.5% as compared to the prior-year period, driven by residential revenue growth of 3.7%, commercial revenue growth of 4.7% and mobile revenue of $158 million. Second-quarter revenues of $11.3 billion grew 4.5%, as compared to the prior-year period, driven by residential revenue growth of 3.7%, commercial revenue growth of 4.7% and mobile revenue of $158 million.

VICI Properties Inc. reached the 52-week high of $23.14

VICI Properties Inc. (NYSE:VICI) is a real estate investment trust based in the US. It acts as an owner, acquirer and developer of real estate assets across gaming, hospitality, entertainment and leisure destinations. The company's operating segments are real property business and golf course business. The real property business segment consists of leased real property whereas the golf course business segment consists of several golf courses. Its golf courses include the Cascata golf course, the Rio Secco golf course, the Grand Bear golf course and the Chariot Run golf course.

The price of VICI Properties Inc. shares has reached $23.14, which is 1.2% off the 52-week high of $23.42. The company has a market cap of $10.67 billion; its shares were traded around $23.14 with a price-earnings ratio of 15.78 and a price-sales ratio of 10.17. The trailing 12-month dividend yield is 5.01%. The forward dividend yield is 5.14%.

VICI Properties Inc. recently reported results for the quarter ended June 30, 2019. Total revenues were $220.7 million for the quarter ended June 30, 2019, compared to $221.0 million for the quarter ended June 30, 2018. Net income attributable to common stockholders was $152.0 million, or $0.37 per diluted share, for the quarter ended June 30, 2019, compared to $139.0 million, or $0.38 per diluted share, for the quarter ended June 30, 2018.

D.R. Horton Inc. reached the 52-week high of $53.97

D.R. Horton Inc. (NYSE:DHI) is the largest and most geographically diverse homebuilder in the United States with operations in 78 markets across 26 states. D.R. Horton mainly builds single-family detached homes (90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Fort Worth, Texas and it manages five regional homebuilding offices across the United States.

The price of D.R. Horton Inc. shares has reached $53.97, which is 0.8% off the 52-week high of $54.41. The company has a market cap of $19.96 billion; its shares were traded around $53.97 with a price-earnings ratio of 12.94 and a price-sales ratio of 1.20. The trailing 12-month dividend yield is 1.11%. The forward dividend yield is 1.11%. D.R. Horton Inc. had an annual average earnings growth of 23.90% over the past 5 years.

D.R. Horton, Inc. recently reported that net income attributable for its third fiscal quarter ended June 30, 2019, was $474.8 million, or $1.26 per diluted share, compared to $453.8 million, or $1.18 per diluted share, in the same quarter of fiscal 2018. Homebuilding revenue for the third quarter of fiscal 2019 increased 10% to $4.8 billion from $4.3 billion in the same quarter of fiscal 2018. Homes closed in the quarter increased 13% to 15,971 homes compared to 14,114 homes closed in the same quarter of fiscal 2018.

Note: I do not own the stocks discussed

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This article first appeared on GuruFocus.