Picture for window sellers brighten, while Babcock & Wilcox continues slide
The best performing stocks in the Capital Investment Cos./Nottingham Index of public companies for the week ending March 10 include the state’s two big window companies, which are benefiting from the strong housing market:
Jeld-Wen (JELD) 3.3% – Shares of the Charlotte-based window manufacturer have gained more than 25% since the company’s January initial public offering.
QuintilesIMS (Q) 3.7% – Profit at the Durham-based clinical research company is expected to gain 14% annually over the next five years, compared with a 23% average increase in the last five years.
Ply Gem (PGEM) 2.8% – The Cary-based window manufacturer earned $75 million in 2016 on revenue of $447 million. Shares have gained 63% in the last year.
The weakest performers:
Babcock & Wilcox Enterprises (BW) (-10.4%) – Shares continued to plunge at Charlotte-based power generation equipment maker and have declined 43% in the last month after reporting lower-then-expected earnings.
Bojangles’ (BOJA) (-9.4%) – Bet you didn’t know the company has a 48-step process to make biscuits. Not enough to impress, with the company’s latest revenue projections proving disappointing to investors.
Culp (CFI) (-9.8%) – No obvious explanation for the decline in the High Point-based company’s shares. It has gained 19% in the last year.