5 Companies Achieve Yearly Highs

Recently, a number of companies have reached 52-week highs

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May 08, 2019
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According to GuruFocus list of 52-week highs, these guru stocks have reached their 52-week highs.

AvalonBay Communities Inc. (AVB, Financial) reached the 52-week high of $202.16

AvalonBay Communities owns or has an interest in 285 apartment communities, with nearly 84,000 apartment units throughout 10 states and Washington, D.C., 27 communities under development, and billions of dollars' worth of cost in its potential pipeline.

The price of AvalonBay Communities Inc. shares has reached $202.16, which is 1.2% off the 52-week high of $204.53. Avalonbay Communities Inc. has a market cap of $28.04 billion; its shares were traded around $202.16 with a price-earnings ratio of 27.88 and price-sales ratio of 12.24. The trailing 12-month dividend yield of Avalonbay Communities Inc. stocks is 2.93%. The forward dividend yield of Avalonbay Communities Inc. stocks is 3.01%. Avalonbay Communities Inc. had an annual average earnings growth of 6.70% over the past 10 years. GuruFocus rated Avalonbay Communities Inc. the business predictability rank of 2.5-star.

AvalonBay Communities Inc. reported recently that net income attributable to common stockholders for the three months ended March 31, 2019, was $170.37 million. This resulted in an increase in earnings per share of 19.4% to $1.23 from $1.03 for the prior-year period. Funds from operations attributable to common stockholders per share increased 6.5% to $2.31 from $2.17 for the prior-year period. Core FFO per share increased 5.5% to $2.30 from $2.18 for the prior-year period.

DTE Energy Co. (DTE, Financial) reached the 52-week high of $125.22

DTE Energy Co. owns two regulated utilities in Michigan. DTE Electric serves approximately 2.2 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has material non utility businesses including energy marketing and trading, natural gas pipelines, gathering and storage, and on-site industrial energy projects.

The price of DTE Energy Co. shares has reached $125.22, which is 0.7% off the 52-week high of $126.07. DTE Energy Co. has a market cap of $22.94 billion; its shares were traded around $125.22 with a price-earnings ratio of 19.69 and price-sales ratio of 1.61. The trailing 12-month dividend yield of DTE Energy Co. stocks is 2.92%. The forward dividend yield of DTE Energy Co. stocks is 3.02%. DTE Energy Co. had an annual average earnings growth of 0.90% over the past 10 years.

DTE Energy recently reported first-quarter 2019 earnings of $401 million, or $2.19 per diluted share, compared with $361 million, or $2.00 per diluted share in 2018. Operating earnings were $374 million, or $2.05 per diluted share, compared with 2018 operating earnings of $342 million, or $1.91 per diluted share.

Masco Corp. (MAS, Financial) reached the 52-week high of $40.44

Masco is a global leader in home improvement and building products. The company's $3.7 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads and other related plumbing components. The $2.2 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands. The $900 million cabinet segment sells cabinetry under various brands such as KraftMaid and Merillat. The $8 million windows and other specialty segment primarily sells windows under the Milgard brand

The price of Masco Corp. shares has reached $40.44, which is 1.4% off the 52-week high of $41.00. Masco Corp. has a market cap of $11.87 billion; its shares were traded around $40.44 with a price-earnings ratio of 17.65 and price-sales ratio of 1.45. The trailing 12-month dividend yield of Masco Corp. stocks is 1.15%. The forward dividend yield of Masco Corp. stocks is 1.19%. Masco Corp. had an annual average earnings growth of 14.70% over the past 5 years.

Masco Corp. recently reported its first quarter results. On a reported basis, compared to first quarter 2018:

-Net sales decreased 1% to $1.9 billion; in local currency and excluding acquisition, net sales decreased 2%.

-In local currency, North American sales increased 2% and international sales decreased 1%.

-Gross margins decreased 80 basis points to 31.4% from 32.2%.

-Operating profit decreased 14% to $211 million

-Operating margins decreased 160 basis points to 11.1% from 12.7%.

-Net income decreased to 39 cents per share, compared to 47 cents per share.

FactSet Research Systems Inc. (FDS, Financial) reached the 52-week high of $278.84

FactSet provides financial data and portfolio analytics to the global investment community. The company aggregates data from 220 suppliers, 115 news sources and 85 exchanges into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 83% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software.

The price of FactSet Research Systems Inc. shares has reached $278.84, which is 0.3% off the 52-week high of $279.59. Factset Research Systems Inc. has a market cap of $10.66 billion; its shares were traded around $278.84 with a price-earnings ratio of 34.70 and price-sales ratio of 7.79. The trailing 12-month dividend yield of Factset Research Systems Inc. stocks is 0.92%. The forward dividend yield of Factset Research Systems Inc. stocks is 0.92%. Factset Research Systems Inc. had an annual average earnings growth of 9.50% over the past 10 years. GuruFocus rated Factset Research Systems Inc. the business predictability rank of 5-star.

FactSet recently announced results for its second quarter ended Feb. 28, 2019. Revenues increased 5.9% or $19.7 million to $354.9 million compared with $335.2 million for the same period in fiscal 2018. Operating margin increased to 30.6% compared with 28.5% for the same period last year. Diluted earnings per share advanced to $2.19 compared with $1.33 for the same period in fiscal 2018. Adjusted diluted earnings per share rose 14.2% to $2.42 compared with $2.12 in the prior period, driven primarily by stronger operating results

Chief Executive Officer Frederick Philip Snow sold 1,186 shares of FactSet stock on May 1, 2019, at the price of $275.64 per share. The price of the stock has increased by 1.16% since.

Dominion Energy Inc. (D, Financial) reached the 52-week high of $76.79

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with approximately 25,000 megawatts of electric generation capacity; 15,000 miles of natural gas transmission, storage, distribution and gathering pipelines; and more than 63,000 miles of electric transmission and distribution lines. Dominion operates one of the nation's largest natural gas storage systems, is nearing completion of an LNG export facility in Maryland, and is 48% owner of the proposed Atlantic Coast Pipeline.

The price of Dominion Energy Inc. shares has reached $76.79, which is 1.5% off the 52-week high of $77.91. Dominion Energy Inc. has a market cap of $61.39 billion; its shares were traded around $76.79 with a price-earnings ratio of 20.76 and price-sales ratio of 3.77. The trailing 12-month dividend yield of Dominion Energy Inc. stocks is 4.46%. The forward dividend yield of Dominion Energy Inc. stocks is 4.78%. Dominion Energy Inc. had an annual average earnings growth of 2.30% over the past 10 years.

Dominion Energy recently announced a GAAP unaudited net loss for the three months ended March 31 of $680 million (86 cents per share) compared with net income of $503 million (77 cents per share) for the same period in 2018. Operating earnings were $873 million ($1.10 per share), compared with operating earnings of $741 million ($1.14 per share) for the same period in 2018.

Note: I do not own the stocks discussed.

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