Smith Asset Management Group LP purchased a new stake in shares of NCI Building Systems Inc. (NYSE:NCS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 191,550 shares of the company’s stock, valued at approximately $3,063,000.
Other hedge funds have also bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in NCI Building Systems during the first quarter valued at approximately $123,000. Acadian Asset Management LLC acquired a new stake in NCI Building Systems during the second quarter valued at approximately $130,000. Goldman Sachs Group Inc. acquired a new stake in NCI Building Systems during the first quarter valued at approximately $183,000. Springbok Capital Management LLC boosted its stake in NCI Building Systems by 390.3% in the first quarter. Springbok Capital Management LLC now owns 15,200 shares of the company’s stock valued at $216,000 after buying an additional 12,100 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in NCI Building Systems by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 16,750 shares of the company’s stock valued at $268,000 after buying an additional 350 shares during the period. Institutional investors own 96.34% of the company’s stock.
NCI Building Systems Inc. (NYSE:NCS) traded up 1.85% during trading on Thursday, reaching $14.29. The company had a trading volume of 587,364 shares. NCI Building Systems Inc. has a 12 month low of $9.07 and a 12 month high of $17.85. The company has a market capitalization of $1.02 billion, a P/E ratio of 21.17 and a beta of 1.77. The stock has a 50 day moving average of $16.06 and a 200-day moving average of $15.45.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. The business had revenue of $462.40 million for the quarter, compared to analyst estimates of $450.46 million. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The firm’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. Equities research analysts expect that NCI Building Systems Inc. will post $0.76 EPS for the current fiscal year.
Several analysts have commented on the company. DA Davidson set a $17.00 price target on NCI Building Systems and gave the company a “hold” rating in a report on Wednesday, August 31st. FBR & Co reiterated an “outperform” rating and set a $18.00 target price (up previously from $17.00) on shares of NCI Building Systems in a report on Thursday, June 2nd. Stephens cut NCI Building Systems from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $14.00 to $17.00 in a report on Friday, June 3rd. TheStreet upgraded NCI Building Systems from a “hold” rating to a “buy” rating in a 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 target price for the company in a report on Thursday, August 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $16.83.
In related news, Director George L. Ball acquired 4,500 shares of the stock in a transaction dated Friday, September 2nd. The shares were acquired at an average price of $15.15 per share, with a total value of $68,175.00. Following the acquisition, the director now owns 34,999 shares in the company, valued at approximately $530,234.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Norman C. Chambers sold 6,400 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $14.95, for a total value of $95,680.00. Following the transaction, the chief executive officer now directly owns 720,018 shares in the company, valued at approximately $10,764,269.10. The disclosure for this sale can be found here. Insiders own 4.49% of the company’s stock.
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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