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5 Stocks Hitting 52-Week Highs: NI, DHR, HUB-B, TXT, RGR

NEW YORK ( TheStreet) - Shares of these stocks hit 52-week highs on Monday: NiSource (NI - Get Report), Danaher (DHR - Get Report), Hubbell (HUB.B - Get Report), Textron (TXT - Get Report) and Sturm Ruger (RGR - Get Report).


Shares of the Merillville, Ind.-based energy company hit a 52-week high of $24.73 on Monday. The stock's 52-week low of $17.95 was set on Aug. 9.

NiSource's stock trades at an estimated price-to-earnings ratio for next year of 16.3X; the average for gas distribution companies is 18.39X. For comparison, Spectra Energy (SE) has a lower forward P/E of 15.59X; Oneok's (OKE) forward P/E is 19.94X.

Nine of the 11 analysts who cover NiSource rate at it hold. One analyst gives the stock a buy rating and another rates it at sell.

Analyst comment:

"We believe 2012 will have multiple positive catalysts for the shares including raising the dividend and establishing a payout policy, additional infrastructure opportunities in the Marcellus and Utica shale plays, and incremental detail around the transmission pipe modernization opportunity," KeyBanc Capital Markets analysts wrote in a March 21 report.

TheStreet Ratings gives NiSource a B grade with a buy rating and $31.83 price target.

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DHR $83.09 -0.25%
HUB.B $109.23 -0.08%
NI $44.40 -1.05%
RGR $55.65 -0.94%
TXT $43.67 -1.22%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

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