Koch Industries Inc. purchased a new stake in NCI Building Systems Inc (NYSE:NCS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,639 shares of the construction company’s stock, valued at approximately $707,000. Koch Industries Inc. owned approximately 0.06% of NCI Building Systems as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in NCI Building Systems by 32.1% in the second quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock valued at $1,183,000 after purchasing an additional 17,200 shares in the last quarter. KBC Group NV bought a new position in NCI Building Systems in the third quarter valued at approximately $313,000. IndexIQ Advisors LLC grew its stake in NCI Building Systems by 83.2% in the third quarter. IndexIQ Advisors LLC now owns 50,537 shares of the construction company’s stock valued at $788,000 after purchasing an additional 22,947 shares in the last quarter. Bank of New York Mellon Corp grew its stake in NCI Building Systems by 14.1% in the third quarter. Bank of New York Mellon Corp now owns 222,424 shares of the construction company’s stock valued at $3,470,000 after purchasing an additional 27,446 shares in the last quarter. Finally, Northern Trust Corp grew its stake in NCI Building Systems by 38.7% in the second quarter. Northern Trust Corp now owns 539,235 shares of the construction company’s stock valued at $9,006,000 after purchasing an additional 150,432 shares in the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s stock.
A number of research firms have weighed in on NCS. Barclays set a $21.00 price target on NCI Building Systems and gave the company a “buy” rating in a research note on Friday, December 8th. TheStreet upgraded NCI Building Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, December 26th. DA Davidson reiterated a “hold” rating and set a $18.00 target price on shares of NCI Building Systems in a research note on Friday, December 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $22.00 target price on shares of NCI Building Systems in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.00.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Tuesday, March 6th. The construction company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. NCI Building Systems had a return on equity of 21.00% and a net margin of 3.21%. The company had revenue of $421.30 million during the quarter, compared to the consensus estimate of $402.81 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts predict that NCI Building Systems Inc will post 1.23 EPS for the current fiscal year.
NCI Building Systems announced that its board has authorized a stock buyback program on Wednesday, March 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
In related news, insider Norman C. Chambers sold 85,424 shares of NCI Building Systems stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $19.41, for a total transaction of $1,658,079.84. Following the completion of the sale, the insider now directly owns 342,333 shares of the company’s stock, valued at approximately $6,644,683.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Norman C. Chambers sold 16,741 shares of NCI Building Systems stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $19.51, for a total value of $326,616.91. Following the sale, the insider now directly owns 471,503 shares of the company’s stock, valued at $9,199,023.53. The disclosure for this sale can be found here. Insiders have sold a total of 146,115 shares of company stock valued at $2,839,459 over the last quarter. 1.54% of the stock is currently owned by corporate insiders.
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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.
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