Algert Global LLC boosted its position in shares of NCI Building Systems Inc. (NYSE:NCS) by 107.2% during the third quarter, Holdings Channel reports. The firm owned 142,145 shares of the company’s stock after buying an additional 73,548 shares during the period. Algert Global LLC’s holdings in NCI Building Systems were worth $2,074,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in NCI Building Systems during the second quarter worth about $130,000. Acrospire Investment Management LLC bought a new position in NCI Building Systems during the first quarter worth about $123,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in NCI Building Systems during the second quarter worth about $181,000. BlackRock Inc. raised its position in NCI Building Systems by 349.4% in the second quarter. BlackRock Inc. now owns 12,793 shares of the company’s stock worth $205,000 after buying an additional 9,946 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in NCI Building Systems during the second quarter worth about $240,000. Institutional investors and hedge funds own 96.34% of the company’s stock.
Shares of NCI Building Systems Inc. (NYSE:NCS) opened at 14.63 on Wednesday. NCI Building Systems Inc. has a 1-year low of $9.07 and a 1-year high of $17.85. The company has a market cap of $1.04 billion, a P/E ratio of 21.67 and a beta of 1.66. The stock has a 50 day moving average price of $15.11 and a 200-day moving average price of $15.64.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm earned $462.40 million during the quarter, compared to analysts’ expectations of $450.46 million. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. Analysts predict that NCI Building Systems Inc. will post $0.75 earnings per share for the current fiscal year.
A number of research firms recently issued reports on NCS. DA Davidson set a $17.00 price objective on NCI Building Systems and gave the company a “hold” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “buy” rating on shares of NCI Building Systems in a research report on Wednesday, June 29th. TheStreet upgraded NCI Building Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Finally, Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, August 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $16.83.
In other news, Director George L. Ball purchased 4,500 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was purchased at an average price of $15.15 per share, with a total value of $68,175.00. Following the acquisition, the director now directly owns 34,999 shares in the company, valued at approximately $530,234.85. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Todd R. Moore sold 5,323 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $14.90, for a total value of $79,312.70. Following the completion of the transaction, the executive vice president now directly owns 76,546 shares of the company’s stock, valued at approximately $1,140,535.40. The disclosure for this sale can be found here. 4.49% of the stock is owned by company insiders.
NCI Building Systems Company Profile
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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