ASX shares lifting to 52-week highs on Friday

MotleyFool
02-21

S&P/ASX 200 Index (ASX: XJO) shares are currently down 0.17% to 8,308.9 points.

Meantime, several companies are celebrating multi-year-high share prices on Friday.

Let's check them out.

ASX shares lifting to new price highs on Friday

Domain Holdings Australia Ltd (ASX: DHG)

This ASX 300 communications share has shot the lights out today, rising 49.7% to a 3-year high of $4.67.

Investors are in a lather after Domain announced it had received a $2.7 billion takeover offer from CoStar Group, Inc. (NASDAQ: CSGP) for $4.20 cash per share.

Domain's board is assessing the proposal.

Telix Pharmaceuticals Ltd (ASX: TLX)

This ASX 200 healthcare share leapt 15.3% to a new all-time high of $30.50 today.

The biopharmaceutical company released its FY24 full-year results after yesterday's close.

Telix revealed a 56% increase in revenue to $783.2 million and a magnificent 860% increase in net profit after tax (NPAT) to $49.9 million.

In the year ahead, management is guiding revenue of between $1.18 billion to $1.23 billion. This would represent an increase of between 51% and 57%, respectively.

QBE Insurance Group Ltd (ASX: QBE)

This ASX 200 financial share soared 8.9% to a 15-year high of $21.85 per share on Friday.

The multi-year high follows the release of the insurer's full-year FY24 results today.

QBE reported a 31.3% year-over-year increase in statutory NPAT to US$1.78 billion.

This was primarily due to a 3% growth in gross written premiums and a combined operating ratio of 93.1%.

QBE shares will pay a final dividend of 63 cents per share, which is 31% higher than last year.

A2 Milk Company Limited (ASX: A2M)

This ASX 200 consumer staple share hit a new 52-week high of $7.65 on Friday.

A2 Milk shares have had a great week, rising by 28% since Monday when the company revealed its 1H FY25 results and announced its maiden dividend.

BSP Financial Group Ltd (ASX: BFL)

Stock in the South-Pacific financial services provider lifted 5.3% to a record high of $8 today.

This ASX All Ords financial share has been heading higher since the company released its full-year FY24 results on Wednesday.

BSP Financial reported a statutory NPAT of K$1.038 billion (A$408m) for FY24, up 17% year-over-year. BSP Financial shares will pay a final dividend of $K1.21 (AU 47 cents) per share.

Ramelius Resources Ltd (ASX: RMS)

ASX 200 gold share Ramelius Resources lifted 3% to hit a new record high of $2.71 on Friday.

The miner released its 1H FY25 results today. The company revealed a record NPAT of $170.4 million, up 313% year over year.

Ramelius also announced a maiden fully franked interim dividend of 3 cents per share.

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel Management shares rose by 3.1% to a 52-week high of $17.86.

The ASX 200 travel share has been on an upward trajectory since the company released its 1H FY25 results and profit guidance on Wednesday.

Austal Ltd (ASX: ASB)

This ASX 300 industrials stock ripped 17.1% higher to a five-year peak of $4.18 per share.

This followed the defence and commercial shipbuilder releasing its 1H FY25 report today.

Austal revealed a 108.9% increase in NPAT to $25.1 million and a substantial improvement in its net cash position, lifting from $3.9 million on 30 June to $212.6 million on 31 December.

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