Menta Capital LLC cut its stake in NCI Building Systems, Inc. (NYSE:NCS) by 37.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,559 shares of the construction company’s stock after selling 77,137 shares during the period. Menta Capital LLC owned 0.18% of NCI Building Systems worth $2,114,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of NCS. ACK Asset Management LLC lifted its holdings in NCI Building Systems by 87.7% in the first quarter. ACK Asset Management LLC now owns 950,650 shares of the construction company’s stock worth $15,669,000 after buying an additional 444,143 shares during the period. Elk Creek Partners LLC purchased a new stake in NCI Building Systems in the second quarter worth about $7,070,000. Thrivent Financial For Lutherans lifted its holdings in NCI Building Systems by 496.5% in the second quarter. Thrivent Financial For Lutherans now owns 320,166 shares of the construction company’s stock worth $5,347,000 after buying an additional 266,496 shares during the period. Prudential Financial Inc. lifted its holdings in NCI Building Systems by 548.6% in the first quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock worth $5,356,000 after buying an additional 264,200 shares during the period. Finally, Cortina Asset Management LLC purchased a new stake in NCI Building Systems in the first quarter worth about $2,879,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
In other news, insider Norman C. Chambers sold 45,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.74, for a total transaction of $798,300.00. Following the transaction, the insider now directly owns 476,403 shares in the company, valued at $8,451,389.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James S. Metcalf acquired 30,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is owned by corporate insiders.
NCI Building Systems, Inc. (NCS) opened at 14.40 on Thursday. NCI Building Systems, Inc. has a 12-month low of $13.05 and a 12-month high of $18.60. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.27 and a beta of 1.53. The stock’s 50 day moving average is $16.27 and its 200 day moving average is $16.76.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, September 6th. The construction company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. NCI Building Systems’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. Equities analysts predict that NCI Building Systems, Inc. will post $0.80 earnings per share for the current fiscal year.
NCS has been the subject of several research analyst reports. Barclays PLC restated a “buy” rating and issued a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price objective on shares of NCI Building Systems in a report on Tuesday, July 18th. BidaskClub lowered shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. TheStreet upgraded shares of NCI Building Systems from a “c” rating to a “b-” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.30.
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About NCI Building Systems
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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