NCI Building Systems Inc. (NYSE:NCS) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,899,193 shares, a growth of 82.6% from the August 31st total of 1,040,286 shares. Based on an average trading volume of 958,596 shares, the short-interest ratio is presently 2.0 days. Approximately 4.9% of the company’s shares are short sold.
NCI Building Systems (NYSE:NCS) opened at 14.92 on Thursday. NCI Building Systems has a 1-year low of $9.07 and a 1-year high of $17.85. The firm’s 50-day moving average is $15.37 and its 200-day moving average is $15.60. The company has a market capitalization of $1.06 billion, a P/E ratio of 22.10 and a beta of 1.66.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The business earned $462.40 million during the quarter, compared to analysts’ expectations of $450.46 million. NCI Building Systems had a net margin of 3.00% and a return on equity of 20.05%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. Equities research analysts predict that NCI Building Systems will post $0.76 EPS for the current year.
In other NCI Building Systems news, Director George L. Ball acquired 4,500 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was bought at an average price of $15.15 per share, with a total value of $68,175.00. Following the completion of the transaction, the director now directly owns 34,999 shares of the company’s stock, valued at $530,234.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 13,260,054 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $15.46, for a total transaction of $205,000,434.84. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Numeric Investors LLC boosted its stake in NCI Building Systems by 122.9% in the second quarter. Numeric Investors LLC now owns 1,558,991 shares of the company’s stock valued at $24,928,000 after buying an additional 859,555 shares in the last quarter. Royce & Associates LP boosted its stake in NCI Building Systems by 1.3% in the first quarter. Royce & Associates LP now owns 1,526,151 shares of the company’s stock valued at $21,671,000 after buying an additional 20,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in NCI Building Systems by 12.2% in the second quarter. Vanguard Group Inc. now owns 1,225,344 shares of the company’s stock valued at $19,593,000 after buying an additional 133,127 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in NCI Building Systems by 35.3% in the second quarter. Dimensional Fund Advisors LP now owns 850,625 shares of the company’s stock valued at $13,601,000 after buying an additional 221,775 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in NCI Building Systems by 52.9% in the second quarter. UBS Asset Management Americas Inc. now owns 798,493 shares of the company’s stock valued at $12,767,000 after buying an additional 276,119 shares in the last quarter. Institutional investors and hedge funds own 96.34% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. DA Davidson set a $17.00 price target on shares of NCI Building Systems and gave the company a “hold” rating in a report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. TheStreet raised shares of NCI Building Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Finally, Zacks Investment Research raised shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. NCI Building Systems has an average rating of “Buy” and an average price target of $16.83.
About NCI Building Systems
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users.
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