KBC Group NV purchased a new stake in NCI Building Systems Inc (NYSE:NCS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,038 shares of the construction company’s stock, valued at approximately $313,000.
Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of NCI Building Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after buying an additional 1,163 shares in the last quarter. Legal & General Group Plc increased its position in shares of NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after buying an additional 2,559 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of NCI Building Systems in the second quarter valued at $160,000. First Quadrant L P CA purchased a new stake in NCI Building Systems during the 3rd quarter worth about $161,000. Finally, Airain ltd purchased a new stake in NCI Building Systems during the 2nd quarter worth about $202,000. Institutional investors and hedge funds own 91.91% of the company’s stock.
Shares of NCI Building Systems Inc (NYSE:NCS) opened at $19.65 on Monday. The company has a market capitalization of $1,314.57, a PE ratio of 24.56, a P/E/G ratio of 1.84 and a beta of 1.68. NCI Building Systems Inc has a 52-week low of $13.05 and a 52-week high of $21.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 1.79.
NCI Building Systems announced that its board has approved a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts recently commented on NCS shares. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 price objective on shares of NCI Building Systems in a research report on Wednesday, October 18th. Barclays set a $21.00 price objective on NCI Building Systems and gave the stock a “buy” rating in a research report on Friday, December 8th. Finally, DA Davidson reiterated a “hold” rating and set a $18.00 price objective on shares of NCI Building Systems in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.25.
In other NCI Building Systems news, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of NCI Building Systems stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.78% of the stock is owned by insiders.
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NCI Building Systems 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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