Teachers Advisors LLC raised its position in shares of NCI Building Systems, Inc. (NYSE:NCS) by 78.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,238 shares of the construction company’s stock after buying an additional 47,111 shares during the period. Teachers Advisors LLC owned approximately 0.15% of NCI Building Systems worth $1,678,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Hudson Bay Capital Management LP acquired a new position in shares of NCI Building Systems during the fourth quarter worth $1,878,000. Norges Bank acquired a new position in shares of NCI Building Systems during the fourth quarter worth $14,637,000. Putnam Investments LLC increased its position in shares of NCI Building Systems by 1.0% in the fourth quarter. Putnam Investments LLC now owns 339,175 shares of the construction company’s stock worth $5,308,000 after buying an additional 3,426 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of NCI Building Systems during the fourth quarter worth $584,000. Finally, Wexford Capital LP acquired a new position in shares of NCI Building Systems during the fourth quarter worth $165,000. Institutional investors own 93.22% of the company’s stock.
Shares of NCI Building Systems, Inc. (NYSE NCS) traded up 1.18% during midday trading on Monday, reaching $17.20. The company’s stock had a trading volume of 393,550 shares. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 20.07 and a beta of 1.54. The company has a 50-day moving average price of $17.11 and a 200-day moving average price of $16.46. NCI Building Systems, Inc. has a 12 month low of $13.80 and a 12 month high of $18.10.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Tuesday, June 6th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The business had revenue of $420.50 million during the quarter, compared to analyst estimates of $409.24 million. During the same period in the prior year, the company earned $0.04 earnings per share. NCI Building Systems’s revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that NCI Building Systems, Inc. will post $1.00 earnings per share for the current year.
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NCS has been the subject of several recent research reports. TheStreet cut NCI Building Systems from a “b-” rating to a “c” rating in a research note on Tuesday, March 7th. Royal Bank Of Canada raised NCI Building Systems from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $20.00 in a research note on Tuesday, April 25th. Finally, Zacks Investment Research cut NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.58.
In other news, CFO Mark E. Johnson sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total value of $350,000.00. Following the completion of the transaction, the chief financial officer now directly owns 228,399 shares of the company’s stock, valued at $3,996,982.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Norman C. Chambers sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total value of $700,000.00. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.
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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