Investment Counselors of Maryland LLC bought a new stake in NCI Building Systems, Inc. (NYSE:NCS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 783,625 shares of the construction company’s stock, valued at approximately $12,225,000. Investment Counselors of Maryland LLC owned 1,104,942.19% of NCI Building Systems as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in NCS. Nisa Investment Advisors LLC boosted its position in NCI Building Systems by 3.4% during the second quarter. Nisa Investment Advisors LLC now owns 16,880 shares of the construction company’s stock worth $282,000 after acquiring an additional 550 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in NCI Building Systems by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 106,511 shares of the construction company’s stock valued at $1,779,000 after purchasing an additional 810 shares during the last quarter. American International Group Inc. boosted its holdings in NCI Building Systems by 7.0% in the 1st quarter. American International Group Inc. now owns 16,745 shares of the construction company’s stock valued at $287,000 after purchasing an additional 1,100 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in NCI Building Systems by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in NCI Building Systems by 5.4% in the 2nd quarter. Sei Investments Co. now owns 48,420 shares of the construction company’s stock valued at $809,000 after purchasing an additional 2,459 shares during the last quarter. Institutional investors and hedge funds own 94.04% of the company’s stock.
Shares of NCI Building Systems, Inc. (NYSE NCS) opened at $15.85 on Friday. NCI Building Systems, Inc. has a 52 week low of $13.05 and a 52 week high of $18.60. The firm has a market cap of $1,134.71, a P/E ratio of 21.05, a P/E/G ratio of 1.52 and a beta of 1.65. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20.
NCI Building Systems (NYSE:NCS) last announced its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The business had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $495.21 million. During the same period in the previous year, the company earned $0.33 earnings per share. NCI Building Systems’s quarterly revenue was up 1.5% on a year-over-year basis. analysts predict that NCI Building Systems, Inc. will post 0.79 earnings per share for the current year.
NCI Building Systems declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
NCS has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $16.00 price target on shares of NCI Building Systems in a research note on Wednesday, October 18th. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Barclays PLC reissued a “buy” rating and issued a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.33.
In other NCI Building Systems news, EVP Todd R. Moore sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $13.75, for a total transaction of $82,500.00. Following the completion of the transaction, the executive vice president now owns 82,458 shares in the company, valued at approximately $1,133,797.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Metcalf purchased 30,000 shares of the stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $13.42 per share, with a total value of $402,600.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is owned by corporate insiders.
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NCI Building Systems Company Profile
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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