DnB Asset Management AS trimmed its position in shares of NCI Building Systems Inc (NYSE:NCS) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 226,960 shares of the construction company’s stock after selling 5,900 shares during the quarter. DnB Asset Management AS owned about 0.34% of NCI Building Systems worth $4,380,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. grew its stake in shares of NCI Building Systems by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 106,511 shares of the construction company’s stock worth $1,779,000 after purchasing an additional 810 shares during the period. Victory Capital Management Inc. lifted its position in shares of NCI Building Systems by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after buying an additional 1,163 shares in the last quarter. Legal & General Group Plc lifted its position in shares of NCI Building Systems by 41.0% during the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after buying an additional 2,559 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of NCI Building Systems by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 628,700 shares of the construction company’s stock valued at $9,808,000 after buying an additional 4,200 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of NCI Building Systems by 3.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 150,383 shares of the construction company’s stock valued at $2,511,000 after buying an additional 5,283 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.
In other news, EVP Todd R. Moore sold 36,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $19.43, for a total value of $699,480.00. Following the sale, the executive vice president now directly owns 85,735 shares in the company, valued at $1,665,831.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Katy Theroux sold 5,200 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $19.56, for a total value of $101,712.00. Following the completion of the sale, the executive vice president now owns 53,051 shares in the company, valued at $1,037,677.56. The disclosure for this sale can be found here. In the last three months, insiders sold 7,296,115 shares of company stock worth $141,263,459. Corporate insiders own 1.78% of the company’s stock.
A number of research analysts have weighed in on NCS shares. Barclays set a $23.00 price objective on NCI Building Systems and gave the company a “buy” rating in a report on Sunday, January 7th. Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, December 26th. DA Davidson reissued a “hold” rating and set a $18.00 price objective on shares of NCI Building Systems in a research report on Friday, December 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of NCI Building Systems in a research report on Wednesday, October 18th. Finally, TheStreet raised NCI Building Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.00.
Shares of NCI Building Systems Inc (NCS) opened at $18.55 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.06 and a current ratio of 1.69. NCI Building Systems Inc has a 52 week low of $13.05 and a 52 week high of $21.20. The firm has a market capitalization of $1,244.32, a P/E ratio of 23.25, a P/E/G ratio of 1.70 and a beta of 1.68.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The firm had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. NCI Building Systems’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. analysts forecast that NCI Building Systems Inc will post 1.09 EPS for the current year.
NCI Building Systems declared that its board has authorized a stock buyback program on Tuesday, October 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
About NCI Building Systems
NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.
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