10 NYSE Stocks Hitting 52-Week Highs Monday

The U.S markets have enjoyed a strong bull run over the last two weeks following receding political uncertainty, impressive earnings reports, and bullish economic data. In the midst of these gains, several stocks hit their 52-week highs on Monday, including Aecom (NYSE:ACM), Burlington Stores Inc (NYSE:BURL), Chimera Investment Corporation (NYSE:CIM), Insperity Inc (NYSE:NSP), Leggett & Platt, Inc. (NYSE:LEG), Lennox International Inc. (NYSE:LII), MaxLinear, Inc. (NYSE:MXL), Owens Corning (NYSE:OC), Post Holdings Inc (NYSE:POST), and Tata Motors Limited (ADR) (NYSE:TTM).

Reaching a 52-week high is an important milestone that signifies strong growth potential, investor sentiment, and market trends, as stocks push through key technical barriers and resistance. Let’s check in on the latest trading activity and sentiment surrounding these stocks.

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Aecom (NYSE:ACM) hit its 52-week high of $34.78 on Monday after the company was selected for the construction of a $2.6 billion stadium for the NFL’s Los Angeles Rams. Apart from Aecom, Turner Construction has also been picked from the list of companies that bid for the project. Hollywood Park Land Co said in a statement that they have hired the “best teams” for the construction of the stadium after a competitive review of the applications. A total of 19 hedge funds in our database were bullish on Aecom (NYSE:ACM) at the end of the first quarter.

Burlington Stores Inc (NYSE:BURL)’s stock hit its 52-week high of $73.55 yesterday after the company announced an increase to its second quarter earnings guidance. Shares have ticked slightly higher this morning, touching $74.35 and are up by 71% year-to-date. 37 hedge funds in our system were long Burlington Stores Inc (NYSE:BURL) as of the end of the first quarter.

Shares of Chimera Investment Corporation (NYSE:CIM) hit a 52-week high of $16.12 on Monday and have pushed to $16.14 this morning. The company recently announced that will pay a $0.48 dividend to its shareholders on July 29.

Insperity Inc (NYSE:NSP) flew past its one-year record on Monday, reaching $79.73. The company is slated to release its second quarter earnings before the market open on August 1. Shares vaulted up to $79.76 this morning before falling back.

Leggett & Platt, Inc. (NYSE:LEG) hit its 52-week high of $53.18 yesterday, and has moved as high as $53.36 today. Cliff Asness‘ AQR Capital Management owned 1.31 million shares of the company on March 31.

Move on to the next page to read the details concerning five other stocks that hit their 52-week highs yesterday.

Lennox International Inc. (NYSE:LII) hit its 52-week high after posting better than expected second quarter results yesterday. The company reported EPS of $2.53, beating the estimated EPS of $2.36. Shares have continued to push higher today, hitting $151.45. At the end of March, 17 hedge funds in our system held about $101.5 million worth of stakes in Lennox International Inc. (NYSE:LII).

MaxLinear, Inc. (NYSE:MXL) shares soared to touch their 52-week of $21.15 yesterday. The company recently completed the acquisition of Broadcom Corporation’s Wireless Infrastructure Backhaul business. The electronics company said last week that it will announce its second quarter earnings on August 8.

Owens Corning (NYSE:OC) soared to new yearly highs on Monday, reaching $55.35. Last week, Goldman Sachs upgraded the company to ‘Neutral’ from ‘Sell’ and raised its price target on it to $58 per share. Shares have gained 17% year-to-date.

Post Holdings Inc (NYSE:POST) touched its 52-week high of $88.11 on Monday. The company also announced a quarterly dividend of $0.9375 per share on the company’s 3.75% Series B cumulative perpetual convertible preferred stock for the dividend period from May 15, 2016 to August 14, 2016. Last week, Post Holdings was given an ‘Outperform’ rating by BMO Capital Markets.

Tata Motors Limited (ADR) (NYSE:TTM)’s stock had a strong day to reach its 52-week high of $36.97. According to the latest data, the company’s Tiago, launched in April, is the automaker’s best-selling model. Tata Motors sold 3,022 units of the Tiago in the first month of its launch and has continued to clock massive orders in the following months. 15 hedge funds out of those tracked by Insider Monkey were long Tata Motors Limited (ADR) (NYSE:TTM) at the end of the first quarter.

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