Five Companies Reach 52-Week Highs

Lockheed Martin among those reaching milestone

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May 24, 2017
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According to GuruFocus' list, these stocks have reached their 52-week highs.

Lockheed Martin reached the 52-week high of $272.79

Lockheed Martin Corp. (LMT, Financial) is a security and aerospace company. It is engaged in the research, design, development, manufacture, integration and sustainment of technology systems, products and services.

Lockheed Martin is the largest defense contractor in the world and is the undisputed leader in next-generation fighter aircraft after being awarded the F-35 program in 2001. Total sales for Lockheed in 2016 stood at $47.2 billion. Aeronautics is the largest business segment, accounting for about 38% of 2016 sales. The remainder of the company's sales is generated by mission systems and training (28.5%), space systems (20%) and missiles and fire control (14%).

The price of Lockheed Martin shares has reached $272.79, which is 1.4% off the 52-week high of $276.64. Lockheed Martin has a market cap of $78.96 billion; its shares were traded around $272.79 with a price-earnings (P/E) ratio of 15.80 and price-sales (P/S) ratio of 1.67. Lockheed Martin's trailing 12-month dividend yield is 2.54%. Its forward dividend yield is 2.67%.

Lockheed Martin had an annual average earnings growth of 5.90% over the past 10 years. GuruFocus rated Lockheed Martin the business predictability rank of 2.5-star.

The company reported first quarter net sales of $11.1 billion compared to $10.4 billion in the first quarter of 2016. Net earnings from continuing operations in the first quarter were $763 million, or $2.61 per share, compared to $806 million, or $2.61 per share, in the first quarter of 2016. Cash from operations was $1.7 billion in both quarters.

Executive Vice President Richard F. Ambrose sold 9,316 shares for $271.11 per share on April 27. The stock price has increased by 0.62% since.

Dover reached the 52-week high of $83.14

Dover Corp. (DOV, Financial) is a multibusiness operator in North America. It has a footprint in engineered systems, energy, fluids and refrigeration and food equipment businesses. Dover is an industrial conglomerate that operates four business segments: engineered systems (33%), energy (16%), fluids (30%) and refrigeration and food equipment (21%). Although headquartered in North America, the firm generates a little over 40% of its sales from international markets.

The price of Dover shares has reached $83.14, which is 0.5% off the 52-week high of $83.59. Dover has a market cap of $12.94 billion; its shares were traded around $83.14 with a P/E ratio of 22.43 and P/S ratio of 1.86. Dover's trailing 12-month dividend yield is 2.09%. Its forward dividend yield is 2.12%.

Dover had an annual average earnings growth of 4.70% over the past 10 years. GuruFocus rated Dover the business predictability rank of 2.5-star.

The company reported that for the quarter ended March 31, revenue was $1.8 billion, an increase of 12% from the prior year. The increase in the quarter was driven by acquisition growth of 12% and organic growth of 4%, partially offset by a 3% impact from dispositions and an unfavorable impact from foreign exchange of 1%. Net earnings were $172.2 million, an increase of 73% as compared to $99.4 million for the prior-year period. Diluted net earnings per share (EPS) for the quarter ended March 31 were $1.09 compared to 64 cents EPS in the prior-year period, representing an increase of 70%. EPS for the first quarter of 2017 included a gain on a disposition of 39 cents.

Vice President C. Anderson Fincher sold 15,638 shares for $79.85 per share on May 12. The stock price has increased by 4.12% since.

NVIDIA reached the 52-week high of $136

NVIDIA Corp. (NVDA, Financial) is a visual computing company targeting markets including Gaming, Professional Visualization, Data Center and Automotive. Its reporting segments include GPU and Tegra Processor. NVIDIA is a leading designer of graphics chips that enhance the interactive experience on computing platforms. The firm's chips are used in a variety of end markets including high-end personal computers for gaming, data centers and automotive infotainment systems.

The price of NVIDIA shares has reached $136.00, which is 1.6% off the 52-week high of $138.22. NVIDIA has a market cap of $80.86 billion; its shares were traded around $136.00 with a P/E ratio of 45.33 and P/S ratio of 12.50. NVIDIA's trailing 12-month dividend yield is 0.39%. Its forward dividend yield is 0.41%.

NVIDIAÂ had an annual average earnings growth of 15.60% over the past 10 years.

The company reported revenue for the quarter ended April 30 of $1.94 billion, up 48% from $1.30 billion a year earlier and down 11% from $2.17 billion in the previous quarter. GAAP earnings per diluted share for the quarter were 79 cents, up 126% from 35 cents a year ago and down 20% from 99 cents in the previous quarter. Non-GAAP earnings per diluted share were 85 cents, up 85% from 46 cents a year earlier and down 25% from $1.13 in the previous quarter.

Director Tench Coxe sold 50,000 shares for $129.48 per share on May 11. The stock price has increased by 5.04% since.

CNH Industrial reached the 52-week high of $11.18

CNH Industrial NV (CNHI, Financial) designs, manufactures and sells agricultural and construction equipment such as trucks, commercial vehicles, buses, special vehicles, engines and transmissions for those vehicles and engines for marine applications. CNH Industrial is the product of a 2013 merger between CNH Global (which manufactures farm and construction equipment) and former parent company Fiat Industrial (manufacturer of Iveco heavy-duty trucks and Fiat Powertrain engines, axles and gearboxes). The company has its headquarters in Amsterdam.

The price of CNH Industrial shares has reached $11.18, which is 1.1% off the 52-week high of $11.30. CNH Industrial has a market cap of $15.2 billion; its shares were traded around $11.18 with a P/E ratio of 44.61 and P/S ratio of 0.64. CNH Industrial's trailing 12-month dividend yield is 1.07%. Its forward dividend yield is 1.07%.

The company announced consolidated revenues of $5.681 billion for the first quarter, up 5.8% compared to the first quarter of 2016. Net sales of Industrial Activities were $5.384 billion in the first quarter, up 6.1% compared to the first quarter of 2016. Reported net income was $49 million for the first quarter. Adjusted net income was $58 million for the quarter.

Cognizant Technology Solutions reached the 52-week high of $65.42

Cognizant Technology Solutions Corp. (CTSH, Financial) provides information technology (IT), consulting and business process services. Cognizant is an IT services provider with headquarters in Teaneck, New Jersey.

The company was founded in 1994, employs close to 260,000 people and provides such services as technology consulting, application outsourcing, systems integration, business process services and cloud services. The firm generates approximately 78% of group revenue from the North American market and roughly 90% of group revenue from its three main industries: financial services, health care and manufacturing, retail and logistics.

The price of Cognizant Technology Solutions shares has reached $65.42, which is 0.2% off the 52-week high of $65.52. Cognizant Technology Solutions has a market cap of $38.53 billion; its shares were traded around $65.42 with a P/E ratio of 23.89 and P/S ratio of 2.87. Cognizant Technology Solutions' trailing 12-month dividend yield is 0.23%. Its forward dividend yield is 0.92%.

Cognizant Technology Solutions had an annual average earnings growth of 24.70% over the past 10 years. GuruFocus rated Cognizant Technology Solutions the business predictability rank of 4-star.

Revenue for the first quarter rose to $3.55 billion, up 10.7% from $3.20 billion in the first quarter of 2016. GAAP net income was $557 million, or 92 cents per diluted share compared to $441 million, or 72 cents per diluted share, in the first quarter of 2016. Non-GAAP diluted EPS was 84 cents compared to 80 cents in the first quarter of 2016. GAAP operating margin was 16.1% and non-GAAP operating margin was 18.9% for the first quarter.

President Global Industries and Consulting Ramakrishna Prasad Chintamaneni sold 49,477 shares on May 16 for $64.53 per share. The stock price has increased by 1.38% since.

Disclosure: I do not own these stocks.

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