Multiple Companies Reach 52-Week Highs

Delphi, Bank of America, NextEra, Apple, SBA Communications hit yearly highs

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Mar 15, 2017
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According to GuruFocus, these stocks have reached their 52-week highs.

Delphi Automotive reached the 52-week high of $77.09

Delphi Automotive PLC (DLPH, Financial) is engaged in the manufacturing of vehicle components. The company's business segments are Electrical and Electronic Architecture, Powertrain Systems, Electronics and Safety and Thermal Systems. Delphi is one of the largest auto parts suppliers in the world. The company is organized by product group, including electrical and electrical architecture, powertrain, electronics and safety.

Originally General Motors' (GM, Financial) parts business, Delphi stock was initially offered to the public in 1998. The company entered bankruptcy in 2005 and emerged in the third quarter of 2009. Delphi's largest customer is still GM at roughly 14% of revenue. The United States and Europe each represent approximately 35% of total revenue.

The price of Delphi shares have reached $77.09, which is 1.3% off the 52-week high of $78.12. Delphi has a market cap of $20.78 billion; its shares were trading around $77.09 with a price-earnings (P/E) ratio of 16.85 and price-sales (P/S) ratio of 1.27. The trailing 12-month dividend yield is 1.50%. The forward dividend yield is 1.50%. Delphi Automotive had an annual average earnings growth of 10% over the past 5 years.

The company recently reported fourth-quarter 2016 revenue of $4.3 billion, up 10% adjusted for currency exchange, commodity movements, acquisitions and divestitures. U.S. GAAP net income from continuing operations was $281 million and diluted earnings per share from continuing operations was $1.03. The company has also reported, excluding special items, earnings from continuing operations of $1.83 per diluted share, up 32%. Adjusted operating income was $606 million, up 20%. The U.S. GAAP operating income margin was 15.2%. The adjusted operating income margin was 14.1%, up 110 basis points. The company generated $683 million of cash from continuing operations, and share repurchases and dividends totaled $179 million.

 Liam Butterworth, senior vice president and president of powertrain, sold 14,000 shares of Delphi stock on Feb. 22 for an average price of $75.95 per shae. The stock price has increased 1.5% since then.

Bank of America reached the 52-week high of $25.31

Bank of America Corp. (BAC, Financial) is a bank holding and financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in select international markets. Bank of America is one of the largest financial institutions in the world, with lending operations in the consumer, small business and corporate markets. It also operates in asset management and investment banking. The company has operations in all 50 states.

The price of Bank of America shares have reached $25.31, which is 1.9% off the 52-week high of $25.80. The company has a market cap of $253.74 billion; its shares were trading around $25.31 with a P/E ratio of 18.34 and P/S ratio of 3.43. The trailing 12-month dividend yield is 1.09%. The forward dividend yield is 1.19%. Bank of America had an annual average earnings growth of 48.50% over the past five years.

The company reported its fourth-quarter 2016 revenue, net of interest expense, increased 2% to $20 billion from $19.6 billion and net interest income (NII) increased 6% to $10.3 billion. Net income increased 43% to $4.7 billion and EPS increased 48% to 40 cents, up from $3.3 billion and 27 cents the year before.

Director Murray Ross Orr bought 100,000 shares of the company on Feb. 23 for an average price of five cents per share.

NextEra Energy reached the 52-week high of $130.06

NextEra Energy Inc. (NEE, Financial) is an electric power company in North America, with approximately 42,500 megawatts of generating capacity in 26 states in the U.S. and 4 provinces in Canada. NextEra Energy's regulated utility, Florida Power & Light, distributes power to 4.5 million customers in Florida. Florida Power & Light contributes over 60% of the compnay's operating earnings. Consolidated generation capacity totals nearly 42.5 gigawatts and includes natural gas, wind and nuclear assets. The non-regulated segment generates and sells power throughout the U.S. and Canada.

The price of NextEra shares have reached $130.06, which is 1.5% off the 52-week high of $131.98. Nextera has a market cap of $60.81 billion; its shares were trading around $130.06 with a P/E ratio of 20.94 and P/S ratio of 3.74. The trailing 12-month dividend yield is 2.76%. The forward dividend yield is 3.02%. Nextera Energy had an annual average earnings growth of 6.60% over the past 10 years.

The company reported 2016 fourth-quarter net income on a GAAP basis of $966 million, or $2.06 per share, compared to $507 million, or $1.10 per share, in the fourth quarter of 2015. On an adjusted basis, NextEra Energy's 2016 fourth-quarter earnings were $566 million, or $1.21 per share, compared to $539 million, or $1.17 per share, in the fourth quarter of 2015.

Director William H. Swanson bought 3,860 shares of the stock on Feb. 24 for an average price of $128.86. The stock price has increased 0.93% since then.

Apple reached the 52-week high of $139.14

Apple Inc. (AAPL, Financial) designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. It also sells a variety of related software, services, accessories, networking solutions and third-party digital content.Â

The price of Apple's shares have reached $139.14, which is 0.8% off the 52-week high of $140.28. Apple has a market cap of $730 billion; its shares were trading around $139.14 with a P/E ratio of 16.62 and P/S ratio of 3.47. The trailing 12-month dividend yield is 1.64%. The forward dividend yield is 1.64%. Apple had an annual average earnings growth of 42.50% over the past 10 years.Â

Apple recently announced financial results for its fiscal 2017 first quarter ended Dec. 31, 2016. The company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36. These results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. International sales accounted for 64% of the quarter’s revenue.

Senior Vice President Johny Srouji sold 13,207 shares on Feb. 22 for an average price of $136.37. The stock price has increased 2.03% since then.

SBA Communications reached the 52-week high of $117.80

SBA Communications Corp. (SBAC, Financial) is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas for communication. Its business segments are site leasing and site development. It owns and operates wireless communications towers in the United States, Brazil, Puerto Rico, Canada and Central America.

The price of SBA Communications' shares have reached $117.80, which is 0.7% off the 52-week high of $118.57. The company has a market cap of $14.25 billion; its shares were trading around $117.80 with a P/E ratio of 193.11 and P/S ratio of 9.05. SBA Communications had an annual average earnings growth of 20.80% over the past 10 years.

The company reported total fourth-quarter 2016 revenues of $416.5 million, up 2.4% from $406.9 million the year before. Site leasing revenue for the quarter was $393.6 million. It was composed of domestic site leasing revenue of $322.7 million and international site leasing revenue of $70.9 million. The company reported net income of $5.3 million or four cents per share.

Director George R. Krouse Jr. sold 681 shares of the stock on March 7 for an average price of $115.42 per share. The stock price has increased 2.06% since then.

Disclosure: I do not own these stocks.

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