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Boeing, L-3, Baker Hughes Hit Highs

L-3 Communications, Baker Hughes and Boeing achieved 52-week highs Friday.
Author:

BOSTON (

TheStreet

) -- Stocks achieved modest gains Friday. Here are three stocks that hit 52-week highs.

3. L-3 Communications

(LLL) - Get Report

rose 0.6% to $90.34, hitting a high of $90.73 earlier today. Shares of the aerospace and defense contractor have rallied 0.9% during the past month.

The numbers

: Fourth-quarter net income dropped 14% to $227 million, but earnings per share fell 4% to $1.93, helped by a smaller float. Revenue grew 4.9% to $4.2 billion. L-3's operating margin inched up from 10% to 11%. The company holds $1 billion of cash and $4.1 billion of debt.

The stock

: We rate L-3 Communications "buy." The stock has gained 20% during the past year, less than major U.S. indices. The shares are cheaper than those of aerospace and defense peers based on all of our valuation measures, including trailing earnings, projected earnings, book value, sales and cash flow.

2. Baker Hughes

(BHI)

climbed 0.4% to $48.86, tagging a high of $49.17. Shares of the oilfield services company have increased 21% during the past month.

The numbers

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: Fourth-quarter profit plummeted 81% to $84 million, or 27 cents a share, as revenue decreased 24% to $2.4 billion. The company's operating margin narrowed from 21% to 6.8%. Its balance sheet houses $1.6 billion of cash and $1.8 billion of debt.

The stock

: We rate Baker Hughes "hold." The stock has soared 57% during the past year, more than the

Dow Jones Industrial Average

and

S&P 500 Index

. The shares are cheaper than those of energy equipment and services peers based on trailing earnings, projected earnings, book value and sales.

1. Boeing

(BA) - Get Report

increased 0.7% to $63.59, hitting a high of $64.34 during the day. Shares of the aerospace and defense contractor have returned 5.6% during the past month.

The numbers

: Boeing swung to a fourth-quarter profit of $1.3 billion, or $1.77 a share, from a loss of $86 million, or 12 cents, a year earlier. Revenue increased 42% to $18 billion. Boeing's operating margin extended to 9.4%. The company holds $11 billion of cash and $13 billion of debt.

The stock

: We rate Boeing "buy." The stock has soared 75% during the past year, outpacing U.S. benchmarks. The shares are expensive relative to those of aerospace and defense peers based on trailing earnings, projected earnings and book value. They are cheap based on sales and cash flow.

-- Reported by Jake Lynch in Boston.