NCI Building Systems, Inc. (NYSE:NCS) Stake Raised by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its stake in NCI Building Systems, Inc. (NYSE:NCS) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,590 shares of the construction company’s stock after buying an additional 59 shares during the period. State Board of Administration of Florida Retirement System’s holdings in NCI Building Systems were worth $576,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of NCI Building Systems by 2.2% in the fourth quarter. State Street Corp now owns 623,976 shares of the construction company’s stock valued at $9,763,000 after buying an additional 13,385 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NCI Building Systems by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,509 shares of the construction company’s stock valued at $20,713,000 after buying an additional 197,587 shares during the period. Federated Investors Inc. PA raised its stake in shares of NCI Building Systems by 86.0% in the fourth quarter. Federated Investors Inc. PA now owns 15,282 shares of the construction company’s stock valued at $239,000 after buying an additional 7,066 shares during the period. Allianz Asset Management AG raised its stake in shares of NCI Building Systems by 166.3% in the fourth quarter. Allianz Asset Management AG now owns 57,312 shares of the construction company’s stock valued at $897,000 after buying an additional 35,789 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of NCI Building Systems by 7.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,022,000 shares of the construction company’s stock valued at $31,644,000 after buying an additional 142,400 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Shares of NCI Building Systems, Inc. (NYSE NCS) traded up 0.29% during trading on Friday, hitting $17.50. 455,019 shares of the company’s stock were exchanged. The stock has a market cap of $1.24 billion, a P/E ratio of 20.42 and a beta of 1.50. The firm has a 50-day moving average price of $16.95 and a 200-day moving average price of $16.45. NCI Building Systems, Inc. has a one year low of $13.80 and a one year high of $18.10.

NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, June 6th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. NCI Building Systems had a net margin of 3.50% and a return on equity of 20.84%. The firm had revenue of $420.50 million during the quarter, compared to analysts’ expectations of $409.24 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts expect that NCI Building Systems, Inc. will post $1.00 EPS for the current fiscal year.

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NCS has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of NCI Building Systems from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $18.00 to $20.00 in a report on Tuesday, April 25th. Zacks Investment Research downgraded shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, TheStreet raised shares of NCI Building Systems from a “c” rating to a “b-” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.50.

In related news, CEO Norman C. Chambers sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total transaction of $700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark E. Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. Following the transaction, the chief financial officer now owns 228,399 shares of the company’s stock, valued at approximately $3,996,982.50. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.

NCI Building Systems Company Profile

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.

Institutional Ownership by Quarter for NCI Building Systems (NYSE:NCS)

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