RE Advisers Corp maintained its stake in NCI Building Systems, Inc. (NYSE:NCS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,104,992 shares of the construction company’s stock at the end of the second quarter. RE Advisers Corp owned 2.97% of NCI Building Systems worth $35,153,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NCS. Norges Bank acquired a new position in shares of NCI Building Systems during the fourth quarter valued at $14,637,000. ACK Asset Management LLC raised its position in shares of 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 valued at $15,669,000 after buying an additional 444,143 shares during the last quarter. Prudential Financial Inc. raised its position in shares of NCI Building Systems by 548.6% in the first quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock valued at $5,356,000 after buying an additional 264,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of NCI Building Systems by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,509 shares of the construction company’s stock valued at $20,713,000 after buying an additional 197,587 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of NCI Building Systems during the first quarter valued at $3,329,000. 93.20% of the stock is owned by hedge funds and other institutional investors.
NCI Building Systems, Inc. (NCS) opened at 17.55 on Friday. The stock’s 50 day moving average price is $17.47 and its 200 day moving average price is $16.79. NCI Building Systems, Inc. has a 52-week low of $13.80 and a 52-week high of $18.60. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 20.48 and a beta of 1.51.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Tuesday, June 6th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $420.50 million during the quarter, compared to the consensus estimate of $409.24 million. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. On average, analysts forecast that NCI Building Systems, Inc. will post $1.00 EPS for the current year.
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NCS has been the subject of several analyst reports. Royal Bank Of Canada upgraded NCI Building Systems from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $18.00 to $20.00 in a research report on Tuesday, April 25th. Zacks Investment Research lowered NCI Building Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, TheStreet upgraded NCI Building Systems from a “c” rating to a “b-” rating in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. NCI Building Systems currently has an average rating of “Buy” and an average price target of $18.50.
In other news, insider Norman C. Chambers sold 45,000 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.74, for a total transaction of $798,300.00. Following the completion of the sale, the insider now directly owns 476,403 shares in the company, valued at approximately $8,451,389.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.78% of the company’s stock.
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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