23 Stocks Hit 52-Week Lows On Tuesday

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Industrial and real estate names feature on a list of market laggards.

A company with a market value of about $62.3 billion is trading at its weakest price of the past year. CRH (CRH) leads a list of 23 stocks from the Russell 3000 at new 52-week lows as of Tuesday, August 18. The list shows a notable concentration in the Industrials sector and the Materials sector, with clusters in industries like Building Products and Industrial Machinery & Supplies & Components. The central question is what to make of established companies hitting new lows.

The full list of names follows.

Photo by ArtsyBee on Pixabay

The Full List, Largest First

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The table below lists every stock at its 52-week low, largest first, with one-day, one-week, one-month, and one-year returns:

Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
CRH $62.3 Bil -2.9% -7.6% -6.3% -14.4%
MLM $31.5 Bil -2.9% -5.6% -5.6% -13.8%
VICI $27.7 Bil -0.2% -0.3% -3.5% -15.1%
NRG $23.9 Bil -5.6% -3.5% -11.2% -21.3%
LII $14.3 Bil -1.2% -4.6% -23.0% -29.8%
GME $8.0 Bil -2.4% -4.6% -17.5% -21.8%
AGCO $7.1 Bil -1.3% -2.6% -12.1% -11.4%
JBTM $6.0 Bil -2.9% -5.3% -13.3% -16.6%
ESAB $4.8 Bil -3.8% -10.2% -4.8% -28.1%
GPI $3.0 Bil -3.7% -6.1% -18.3% -43.2%
RUN $2.2 Bil -5.8% -7.7% -19.1% -33.5%
ATS $1.9 Bil -1.5% -5.4% -27.5% -30.4%
CPRI $1.7 Bil -1.7% -7.4% -9.5% -31.1%
WD $1.3 Bil -2.4% -7.8% -18.1% -50.0%
WBTN $1.1 Bil -2.1% -6.3% -16.4% -44.9%
OI $1.0 Bil -3.9% -11.0% -28.7% -52.4%
CSR $0.9 Bil -2.4% -2.6% -4.5% 1.5%
PLTK $0.8 Bil -1.3% -16.5% -41.0% -35.2%
ARRY $0.7 Bil -3.6% -10.3% -19.3% -37.0%
ENVX $0.7 Bil -12.8% -35.1% -31.4% -69.3%
NXRT $0.6 Bil -2.0% -4.9% -9.9% -18.9%
BALY $0.5 Bil -13.6% -31.3% -38.8% -4.5%
LMB $0.5 Bil -4.2% -7.0% -41.6% -62.1%

Is every low a sign of a broken business?

The numbers suggest a difference between a weak stock and a weak operation. Martin Marietta Materials (MLM) is at a low, yet its revenue grew 14.8% over the last twelve months. VICI Properties (VICI) also saw its revenue grow 4.4% over the same period and shows a free cash flow yield of 9.3%.

This contrasts with a name like Lennox International (LII), whose revenue declined 2.1% over the last twelve months. Not every company on this list is experiencing the same fundamental trend.

A low price is a starting point, not a conclusion.

A 52-week-low list is a tool for discovery. A stock can reach its weakest price in a year because the underlying business is damaged, or because a solid business has been marked down by the market.

The disciplined approach is to investigate the business fundamentals behind the price. The list itself provides no answers, only questions worth asking.

A 52-week-low list tells you where the pain is; it does not tell you which of these declines are worth buying. That second question is what our Buy the Dip screen answers, every day: beaten-down names where the fundamentals still hold up.

Weakness Is Information. It Is Not An Instruction

A 52-week low tells you what the market thinks today. It does not tell you what to do, and acting on price alone is how value traps get bought. The missing ingredient is always the same: is the business still sound?

Asking that question across thousands of stocks, every day, is exactly how the Trefis High Quality (HQ) Portfolio is built: roughly 30 names that pass the quality screens, held with rules instead of nerve. It has a track record of outpacing a benchmark that combines the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Let the low list sharpen your watchlist, and let the portfolio carry the risk.