5 Steel Stocks Hit New 12-Month Highs

These steel stocks are hotter than Tesla, AmazonAMZN
, AppleAAPL
and NVIDIANVDA
DIA
, if you measure hotness by price chart out-performance. The reasons for this phenomenon may be many, depending on which analyst you read — but the main thing is that shareholders make money when new price highs are hit.

Here are the 5 companies in the steel business whose stocks are doing better than those of the big-name tech and social media companies:

Allegheny TechnologiesATI
(NYSE: ATI) is based in Dallas, Texas, has a market capitalization of $4.51 billion and trades with price-earnings ratio of 183. The past year’s earnings increased by 97% and the gains over the past 5 years come to 45%. The company’s long-term debt exceeds shareholder equity by 2 times. The metal fabrication firm does not pay a dividend.

The weekly price chart for Allegheny Technologies looks like this:

Commercial Metals (NYSE: CMC) is showing an earnings increase over the last 12 months of 193.90% and a past 5-year gain of 87.70%. With a price-earnings ratio of 5.40, the steel company trades at 1.81 times book value. Shareholder equity greatly exceeds the amount of long-term debt on the books. Commercial MetalsCMC
investors receive a dividend of 1.16%.

Here’s the weekly price chart for Commercial Metals:

Gerdau USA (NYSE: GGB) makes steel products for the energy, mining, automotive, agricultural and construction industries, among others. With United States headquarters in Tampa, Florida, the company has a market capitalization of $9.78 billion. Gerdau is trading with a price-earnings ratio of 4 and at just over its book value. The big steel firm pays a dividend of 11.06%.

The Gerdau weekly price chart is here:

Reliance Steel & Aluminum (NYSE: RS), based in Scottsdale, Arizona, has been in business since 1939 and went public in 1994. The last 12 months of earnings increased by 288% and the gain over the past 5 years is 39.50%. It trades at 1.88 times book with a price-earnings ratio of 7. Shareholder equity is much greater than long-term debt and the current ratio is 3.30. Reliance pays a 1.64% dividend.

The weekly price chart for Reliance Steel & Aluminum looks like this:

Tenaris SA (NYSE: TS) is Luxembourg based and manufactures materials mainly for the energy industry. The stock is trading with a price-earnings ratio of 10 and at 1.61 times its book value. The earnings over the last 12 months increased by 273% and gains over the past 5 years amounted to 139.80%. Hardly any long-term debt exists and the current ratio sits at 2.70. Tenaris pays a 2.50% dividend.

Here’s the weekly price chart for Tenaris:

Not investment advice. For educational purposes only.