Johnson Controls, OfficeMax Hit Highs - TheStreet

BOSTON (

TheStreet

) -- Stocks rose modestly on Friday after gross domestic product grew more than originally estimated. These stocks hit 52-week highs.

3. OfficeMax

(OMX)

was little changed at $15.97, recording a high of $16.15 earlier in the session. Shares of the office-supply retailer have risen 16% in the past month.

The numbers

: OfficeMax's fourth-quarter loss narrowed to $2.6 million, or 4 cents a share, from a loss of $395 million, or $5.21, a year earlier. Revenue declined 3.9% to $1.8 billion. The operating margin fell into negative territory. OfficeMax holds $487 million of cash and $1.8 billion of debt.

The stock

: OfficeMax has quadrupled in the past year, beating U.S. benchmarks. The stock trades at a price-to-projected-earnings ratio of 19, a premium to specialty retailers. The shares are cheap based on book value and cash flow.

2. Ball Corp.

(BLL) - Get Report

rose 1.7% to $54.04, hitting a high of $54.28. Shares of the packaging maker have climbed 7.1% in the past month.

The numbers

: Fourth-quarter profit more-than-doubled to $81 million, or 85 cents a share, as revenue grew 7.6% to $1.9 billion. The operating margin extended from 6.2% to 7.6%. Ball Corp. holds $211 million of cash and $2.6 billion of debt.

The stock

: Ball Corp. has gained 36% in the past year, lagging behind major indices. The stock trades at a price-to-projected-earnings ratio of 11, a discount to containers and packaging peers. The shares are also cheap based on trailing earnings and sales.

1. Johnson Controls

(JCI) - Get Report

climbed 0.4% to $31.10, touching a high of $31.49. Shares of the auto parts company have gained 4.7% in the past month.

The numbers

: Johnson Controls swung to a fiscal first-quarter profit of $350 million, or 52 cents a share, from a loss of $608 million, or $1.02, a year earlier. Revenue grew 15% to $8.4 billion. The operating margin climbed to 4.2%. The company holds $791 million of cash and $3.4 billion of debt.

The stock

: Johnson Controls has more than doubled in the past year, outpacing U.S. indices. The stock trades at a price-to-projected-earnings ratio of 14, a discount to auto components peers. The shares are also cheap based on book value, sales and cash flow.

-- Reported by Jake Lynch in Boston.