Geode Capital Management LLC reduced its position in NCI Building Systems, Inc. (NYSE:NCS) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 361,002 shares of the construction company’s stock after selling 1,869 shares during the period. Geode Capital Management LLC owned about 0.51% of NCI Building Systems worth $6,191,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in NCS. Victory Capital Management Inc. boosted its position in NCI Building Systems by 22.3% in the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after buying an additional 1,203 shares during the period. Parametric Portfolio Associates LLC boosted its position in NCI Building Systems by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after buying an additional 3,082 shares during the period. American International Group Inc. boosted its position in NCI Building Systems by 7.0% in the first quarter. American International Group Inc. now owns 16,745 shares of the construction company’s stock valued at $287,000 after buying an additional 1,100 shares during the period. California Public Employees Retirement System boosted its position in NCI Building Systems by 6.8% in the first quarter. California Public Employees Retirement System now owns 39,400 shares of the construction company’s stock valued at $676,000 after buying an additional 2,500 shares during the period. Finally, Sei Investments Co. boosted its position in NCI Building Systems by 44.2% in the first quarter. Sei Investments Co. now owns 45,961 shares of the construction company’s stock valued at $788,000 after buying an additional 14,086 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of NCI Building Systems, Inc. (NCS) traded down 1.20% during mid-day trading on Friday, reaching $16.40. The company’s stock had a trading volume of 369,929 shares. The firm’s 50-day moving average price is $17.48 and its 200 day moving average price is $16.82. The firm has a market cap of $1.16 billion, a P/E ratio of 19.14 and a beta of 1.51. NCI Building Systems, Inc. has a 12-month low of $13.80 and a 12-month high of $18.60.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, June 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $420.50 million during the quarter, compared to analysts’ expectations of $409.24 million. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. On average, analysts expect that NCI Building Systems, Inc. will post $1.00 EPS for the current year.
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Several equities research analysts recently weighed in on NCS shares. Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 target price on shares of NCI Building Systems in a report on Tuesday, July 18th. Finally, TheStreet raised NCI Building Systems from a “c” rating to a “b-” rating in a report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.50.
In related news, insider Norman C. Chambers sold 45,000 shares of NCI Building Systems stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.74, for a total value of $798,300.00. Following the completion of the transaction, the insider now owns 476,403 shares in the company, valued at approximately $8,451,389.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.78% of the stock is owned by insiders.
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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