When a stock hits a fresh high, that could signal that it is on its way to greatness or that it has run its course. Even with the risk of the latter, searching for these outperformers can reveal companies that are doing something right, much to their investors' delight.

I'm a poet and did not know it
With that in mind, we'll use the aggregated intelligence of the 115,000-plus investors participating in Motley Fool CAPS to find stocks hitting 52-week highs today. The community's approval (signified by four- and five-star ratings) could be a sign that further research is in order.

Here are three such stocks:

 Company

Today's High

Industry

CAPS Rating

Fools Saying Outperform

Gilead Sciences (NASDAQ:GILD)

$57.63

Drugs

*****

1,234 of 1,271

Graham (NYSE:GHM)

$107.44

Industrial

*****

1,004 of 1,034

The Laclede Group (NYSE:LG)

$46.24

Utilities

*****

76 of 83

Source: Motley Fool CAPS, as of Aug. 13, 2008.

Other five-star industrial companies:

  • Terex (NYSE:TEX) -- stock price is 35.7% cheaper than a year ago.
  • Precision Castparts (NYSE:PCP) -- stock price is 28% cheaper than a year ago.

Other five-star utility companies:

  • Consolidated Edison (NYSE:ED) -- stock price is 15.2% cheaper than a year ago.
  • NRG Energy (NYSE:NRG) -- stock price is 14.6% cheaper than a year ago.

Come and join us on CAPS to learn more about these and countless other interesting stock ideas. Click here to sign up.

Fool analyst Dan Dzombak wishes he had bought these stocks last year. Unfortunately, he does not have a financial position in any of the stocks mentioned in this article. The Fool owns shares of Terex. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.