4 ASX stocks hitting 52 week high

The following ASX stocks have reached new 52-week highs driven by improved investor confidence and strong financial performance which has reinforced expectations for sustained long-term earnings growth.

ASX stocks hitting 52 week high

NRW Holdings Limited (ASX: NWH) 

Mineral Resources Limited (ASX: MIN) 

Wagners Holding Company Limited (ASX: WGN) 

APA Group (ASX: APA) 

NRW Holdings Limited (ASX: NWH) 

has a current market capitalisation of $3.08 billion and is among the Top ASX stocks at 52-week highs because the company has reported strong earnings growth alongside rising market share.
The company in the first half of FY26 reported revenue of $2 billion while underlying NPAT reached $83.1 million and EBITA came in at $132.3 million with cash holdings of $342.4 million while the current annual yield is 2.69%.

NRW reaffirmed FY26 guidance for revenue of $4.1 billion to $4.2 billion along with underlying EBITA of $275 million to $285 million which reflects management’s confidence in future growth.
A major highlight for NRW is its large secured pipeline which includes a $7.5 billion order book together with $11.9 billion in active tenders and a substantial $27.3 billion project pipeline across mining, civil, engineering, infrastructure and energy transition opportunities.

Mineral Resources Limited (ASX: MIN) 

has a current market capitalisation of $13.58 billion and on 6 May reached new 52-week highs helped by strong momentum across its iron ore and lithium operations.

The company in Q3 FY26 did well as its lithium division recorded particularly strong price momentum as the average realised spodumene concentrate price rose 92% quarter-on-quarter to US$2,105/dmt.

Despite cyclone disruptions, the iron ore business was resilient with Onslow Iron producing 7.8Mt and shipping 7.2Mt during the quarter while costs moved towards the lower end of guidance.
The balance sheet also improved because liquidity increased to $1.8 billion and net debt declined to approximately $4.5 billion due to deleveraging efforts.

Wagners Holding Company Limited (ASX: WGN) 

has a current market capitalisation of $956.7 million and reached new 52-week high supported by operational and financial improvements across segments.

The company in H1 FY26 reported revenue of $251.7 million which was up 12% year-on-year while operating EBIT jumped 72% to $35 million and NPAT increased 70% to $21 million.
Construction Materials is the main earnings driver as revenue from the segment rose 21% to $156.5 million while EBIT climbed 44% to $28 million due to strong demand.

Management also upgraded FY26 EBIT guidance to approximately $62 million to $66 million which is supported by strong infrastructure demand tied to Queensland population growth.

APA Group (ASX: APA) 

has a current market capitalisation of $13.86 billion and reached a new 52-week high on 6 May while current annual yield is still at 5.5%.
The company in 1H26 reported Underlying EBITDA of $1.092 billion which was up 7.6% year-on-year while EBITDA margins increased to 77.3%.

APA also reaffirmed FY26 Underlying EBITDA guidance of $2.12 billion to $2.20 billion and management expects results to exceed the midpoint of the range which reflects strong momentum across its gas transmission, storage, contracted power generation and electricity transmission businesses.

One of APA’s key strengths is its highly defensive business model because around 90% of revenue is linked to inflation and management expects natural gas to remain a critical part of Australia’s energy system well beyond 2050.

(Source: Company Reports)