Swiss National Bank lowered its holdings in NCI Building Systems Inc (NYSE:NCS) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,100 shares of the construction company’s stock after selling 3,700 shares during the quarter. Swiss National Bank owned 0.12% of NCI Building Systems worth $1,365,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of NCS. Teacher Retirement System of Texas acquired a new position in NCI Building Systems in the fourth quarter valued at about $282,000. Wells Fargo & Company MN boosted its position in NCI Building Systems by 8.5% in the fourth quarter. Wells Fargo & Company MN now owns 214,132 shares of the construction company’s stock valued at $4,132,000 after buying an additional 16,724 shares in the last quarter. BlackRock Inc. boosted its position in NCI Building Systems by 1.5% in the fourth quarter. BlackRock Inc. now owns 2,555,466 shares of the construction company’s stock valued at $49,321,000 after buying an additional 37,591 shares in the last quarter. Royce & Associates LP boosted its position in NCI Building Systems by 5.0% in the fourth quarter. Royce & Associates LP now owns 1,524,330 shares of the construction company’s stock valued at $29,420,000 after buying an additional 73,134 shares in the last quarter. Finally, Monashee Investment Management LLC acquired a new position in NCI Building Systems in the fourth quarter valued at about $496,000. 93.35% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Kathleen J. Affeldt sold 21,788 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $18.00, for a total value of $392,184.00. Following the transaction, the director now directly owns 48,316 shares in the company, valued at $869,688. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark E. Johnson sold 82,100 shares of the stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $22.89, for a total transaction of $1,879,269.00. Following the completion of the transaction, the chief financial officer now owns 160,918 shares in the company, valued at $3,683,413.02. The disclosure for this sale can be found here. Insiders sold 112,004 shares of company stock worth $2,441,697 over the last 90 days. 1.78% of the stock is currently owned by company insiders.
NCI Building Systems (NYSE:NCS) last announced its earnings results on Tuesday, June 5th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. NCI Building Systems had a net margin of 1.92% and a return on equity of 23.45%. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $438.61 million. During the same period in the prior year, the business earned $0.16 earnings per share. NCI Building Systems’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts predict that NCI Building Systems Inc will post 1.37 EPS for the current year.
NCI Building Systems announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 7th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
A number of equities analysts have commented on the stock. DA Davidson boosted their price target on shares of NCI Building Systems from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, June 7th. Citigroup boosted their price target on shares of NCI Building Systems from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 7th. Barclays boosted their price target on shares of NCI Building Systems from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, June 7th. ValuEngine lowered shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.33.
NCI Building Systems Company Profile
NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.
Receive News & Ratings for NCI Building Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Building Systems and related companies with MarketBeat.com's FREE daily email newsletter.