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), Danaher ( DHR), Hubbell ( HUB.B), Textron ( TXT) and Sturm Ruger ( RGR).


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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