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5 Companies Hit 52-Week Highs

- By yifan900

According to GuruFocus , these stocks have reached their 52-week highs.

Hormel Foods reached the 52-week high of $38.64

Hormel Foods Corp. (HRL) is engaged in the manufacturing and sale of variety of food products, primarily pork and turkey, and the marketing of those products throughout the U.S. and internationally.


The price of Hormel Foods shares has reached $38.64, which is barely off the 52-week high of $38.65. The company has a market cap of $20.5 billion; its shares were traded around $38.64 with a price-earnings ratio of 22.21 and a price-sales ratio of 2.23. The trailing 12-month dividend yield is 1.90%. The forward dividend yield is 1.94%. Hormel had an annual average earnings growth of 9.50% over the last 10 years. GuruFocus rated Hormel Foods business predictability 4 out of 5 stars .

Hormel recently reported second-quarter 2018 results. Diluted earnings per share increased 13% to 44 cents. Net sales increased 7% to a record $2.3 billion. Organic net sales were flat. The company reaffiremed its earnings guidance for fiscal 2018, which is $1.81 to $1.95 per share.

SunTrust Banks reached the 52-week high of $73.72

SunTrust Banks Inc. (STI) is engaged in commercial, corporate and retail banking operations. It provides financial services to consumer, business and corporate clients.

The price of SunTrust shares has reached $73.72, which is 0.4% off the 52-week high of $74.05. The company has a market cap of $33.97 billion; its shares were traded around $73.72 with a price-earnings ratio of 13.88 and a price-sales ratio of 3.91. The trailing 12-month dividend yield is 2.17%. The forward dividend yield is 2.71%.

SunTrust Banks recently reported results for the second quarter of 2018. Net income was $697 million, or $1.49 per share. Total revenue increased 4% sequentially and 3% year over year. These increases were driven largely by higher net interest income as a result of net interest margin expansion. The net interest margin was 3.28%.

General Auditor Jorge Arrieta sold 2,500 shares on Aug. 14 for $73.13 per share. The stock price has increased by 0.81% since then.

Merck reached the 52-week high of $69.06

Merck & Co. Inc. (MRK) makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiovascular disease, asthma, cancer and infections.

The price of Merck shares has reached $69.06, which is 0.3% off the 52-week high of $69.24. The company has a market cap of $183.67 billion; its shares were traded around $69.06 with a price-earnings ratio of 138.12 and a price-sales ratio of 4.55. The trailing 12-month dividend yield is 2.77%. The forward dividend yield is 2.78%.

Merck recently announced financial results for the second quarter. Worldwide sales were $10.5 billion, a 5% increase from the prior-year quarter. GAAP earnings per share were 63 cents. Non-GAAP earnings were $1.06 per share.

Chairman, President & CEO Kenneth C. Frazier sold 228,091 shares on July 31 for $65 per share. The stock price has increased by 6.25% since then.

IDEX reached the 52-week high of $152.12

IDEX Corp. (IEX) produces and distributes flow meters, injectors and other fluid-handling pump modules.

The price of IDEX shares has reached $152.12, which is 1.6% off the 52-week high of $154.62. The company has a market cap of $11.66 billion; its shares were traded around $152.12 with a price-earnings ratio of 30.79 and a price-sales ratio of 4.91. The trailing 12-month dividend yield is 1.05%. The forward dividend yield is 1.13%. IDEX had an annual average earnings growth of 9.80% over the past decade.

IDEX recently announced its financial results for the second quarter. Sales of $634.4 million were up 11% from the prior-year period. Operating income of $147.8 million resulted in an operating margin of 23.3%. Adjusted operating income drove adjusted earnings before interest, taxes, depreciation and amortization of $169.4 million, which was 27% of sales and covered interest expenses by 15 times.

Chairman and CEO Andrew K. Silvernail sold 94,045 shares on July 25 for $145 per share. The stock price of the stock has increased by 4.91% since then. Senior Vice President and Chief Financial Officer William K. Grogan sold 3,406 shares on Aug. 14 for $152.90 per share. Since then, the stock price has decreased by 0.51%.

UDR reached the 52-week high of $39.83

UDR Inc. (UDR) is a real estate investment trust that owns, acquires, renovates, develops and manages apartment communities.

The price of UDR shares has reached $39.83, which is 1.3% off the 52-week high of $40.33. The company has a market cap of $10.66 billion; its shares were traded around $39.83 with a price-earnings ratio of 58.57 and a price-sales ratio of 10.53. The trailing 12-month dividend yield is 3.18%. The forward dividend yield is 3.24%. The company had an annual average earnings growth of 7.80% over the last five years.

UDR's second-quarter n et income per share was 7 cents. Net income was $19.6 million, up from $9.2 million in the prior-year period. The increase was primarily due to higher income from operating properties. S ame-store revenue, expense and net operating income growth for the quarter were 3.4%, 2.9% and 3.5%.

Senior Vice President and Chief Operating Officer Jerry A. Davis sold 10,000 shares on Aug. 3 for $38.75 per share. Since then, the stock price has increased by 2.79%.

Disclosure: I do not own these stocks.

This article first appeared on GuruFocus.