Thursday, April 18, 2024

Strong housing market boosts shares at Jeld-Wen

The strong housing market is boosting business at Charlotte-based Jeld-Wen, which tops the list of best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended June 16. (Shares trading under $10 are excluded.)

The strongest performers:

Jeld-Wen (JELD) 34.10  7.6%  Shares of the Charlotte-based window maker trade at record levels after gaining more than 30% since its initial public offering earlier this year.

3D Systems (DDD) 21.02  4.8%  Rock Hill, S.C.-based 3D printing company has gained 59% in the last year, even though revenue grew less than 3% in the recent quarter.

Scana (SCG) 71.22   4.7%  South Carolina’s biggest utility trades little changed from a year earlier. Peer Duke Energy has gained 5% in last 52 weeks. Duke yields 3.9%, vs. Scana’s 3.4%.

The weakest performers:

World Acceptance (WRLD) $73.88 (-10.1%) The Greenville-based consumer finance company has gained more than 75% in the last year, even after last week’s slump.

Nucor (NUE) $54.92 (-8.1%)  Charlotte-based steel company gave an earnings outlook that disappointed investors. It traded as high as $64.50 in the last year.

Ingle’s Markets (IMKTA) – $33.95 (-8%)  Amazon’s purchase of Whole Foods slammed grocery stocks including Asheville-based Ingle’s. Can anyone compete with the online delivery giant?

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

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