North Carolina Releases List of Best Performing Public Companies

The S&P 500, which serves as an index of widely held stocks, has reported to have fallen only less than 1 percent last year. Among those that obtain the biggest declines were energy companies; these companies have been through a rough year due to the high output that led to a decline oil prices.

However, in North Carolina, 50 of the state's largest public companies by revenue posted a combined average gain of about 4.7 percent.

Topping the charts was Charlotte's Coca-Cola Bottling Co. Consolidated, considered to be the largest independent bottler of Coca-Cola products. The company has recorded a 107 percent increase in its stock price.

Although it might be a good year for this particular Coca-Cola company, it is the other way around for some. A number of Charlotte-based businesses and companies that was part of the list in 2014 did not make it this time. They were replaced by first timers such as Sealed Air, Fortune 500 company, and more.

Don Olmstead, managing director of Charlotte-based Novare Capital Management, said "You would expect the North Carolina companies to do better [because] you don't have a ConocoPhillips; you don't have a Marathon Oil."

For the complete names of companies that made it this year's list of top 50 largest publicly traded companies by revenue in North Carolina, refer to the table below, as originally published Charlotte Observer.

Company

Headquarters

Dec. 31 closing price ($)

Percent change

Bank of America

Charlotte

16.83

-5.93

Lowe's Cos.

Mooresville

76.04

10.52

Duke Energy

Charlotte

71.39

-14.54

Nucor

Charlotte

40.30

-17.84

VF Corp.

Greensboro

62.25

-16.89

BB&T

Winston-Salem

37.81

-2.78

Reynolds American

Winston-Salem

46.15

43.61

Sonic Automotive

Charlotte

22.76

-15.83

Lab. Corp. of America

Burlington

123.64

14.59

Sealed Air

Charlotte

44.6

5.11

Hanesbrands

Winston-Salem

29.43

5.46

Quintiles

Durham

68.66

16.63

Ingles Markets

Asheville

44.08

18.85

Martin Marietta Materials

Raleigh

136.58

23.8

CommScope Holding

Hickory

25.89

13.4

Carlisle Cos.

Charlotte

88.69

-1.72

Old Dominion Freight Line

Thomasville

59.07

-23.92

Curtiss-Wright

Charlotte

68.50

-2.96

Coca-Cola Consolidated

Charlotte

182.51

107.33

Alliance One International

Morrisville

11.47

-27.41

Red Hat

Raleigh

82.81

19.77

Ply Gem Holdings

Cary

12.54

-10.3

The Fresh Market

Greensboro

23.42

-43.16

Qorvo

Greensboro/Hillsboro, Ore.

50.90

-27.7

Snyder's-Lance

Charlotte

34.30

13.91

Cree

Durham

26.67

-17.23

PRA Health Sciences

Raleigh

45.27

86.91

First Citizens BancShares

Raleigh

258.17

2.13

Piedmont Natural Gas

Charlotte

57.02

44.66

INC Research Holdings

Raleigh

48.51

88.83

Extended Stay America

Charlotte

15.90

-17.66

EnPro Industries

Charlotte

43.84

-30.15

Premier

Charlotte

35.27

5.19

The Cato Corp.

Charlotte

36.82

-12.71

FairPoint Communications

Charlotte

16.07

13.09

Unifi

Greensboro

28.15

-4.81

Highwoods Properties

Raleigh

43.60

-1.54

Krispy Kreme

Winston-Salem

15.07

-23.66

Xerium Technologies

Youngsville

11.85

-24.9

Speedway Motorsports

Concord

20.72

-5.26

Insteel Industries

Mount Airy

20.92

-11.28

Tanger Factory Outlet Centers

Greensboro

32.70

-11.53

PowerSecure International

Wake Forest

15.05

29.18

Culp

High Point

25.47

17.48

LendingTree

Charlotte

89.28

85.77

Babcock & Wilcox Ent. (BW)

Charlotte

20.87

4.8

SPX Corp. (SPXC)

Charlotte

9.33

-21.6

SPX Flow (FLOW)

Charlotte

27.91

-17.91

Yadkin Financial

Raleigh

25.17

21.09

Bojangles'

Charlotte

15.87

-16.47

Source: Bloomberg data, Observer research

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