Balter Liquid Alternatives LLC Lowers Holdings in NCI Building Systems Inc (NCS)

Balter Liquid Alternatives LLC reduced its stake in shares of NCI Building Systems Inc (NYSE:NCS) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,420 shares of the construction company’s stock after selling 27,696 shares during the quarter. NCI Building Systems comprises 2.9% of Balter Liquid Alternatives LLC’s portfolio, making the stock its 4th biggest holding. Balter Liquid Alternatives LLC’s holdings in NCI Building Systems were worth $2,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc grew its position in NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after buying an additional 2,559 shares during the period. First Quadrant L P CA acquired a new position in NCI Building Systems during the third quarter worth about $161,000. Victory Capital Management Inc. grew its position in NCI Building Systems by 54.9% during the third quarter. Victory Capital Management Inc. now owns 12,018 shares of the construction company’s stock worth $187,000 after buying an additional 4,261 shares during the period. BB&T Securities LLC acquired a new position in NCI Building Systems during the third quarter worth about $204,000. Finally, SG Americas Securities LLC acquired a new position in NCI Building Systems during the third quarter worth about $215,000. Institutional investors own 95.23% of the company’s stock.

In other NCI Building Systems news, VP Bradley Scott Little sold 2,750 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $19.48, for a total value of $53,570.00. Following the sale, the vice president now owns 28,663 shares of the company’s stock, valued at $558,355.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $19.36, for a total transaction of $138,424,000.00. The disclosure for this sale can be found here. Insiders sold 7,296,115 shares of company stock worth $141,263,459 in the last ninety days. Insiders own 1.78% of the company’s stock.

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Zacks Investment Research lowered shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada restated a “buy” rating and set a $16.00 target price on shares of NCI Building Systems in a research report on Wednesday, October 18th. Barclays set a $23.00 target price on shares of NCI Building Systems and gave the stock a “buy” rating in a research report on Sunday, January 7th. Finally, TheStreet upgraded shares of NCI Building Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. NCI Building Systems has a consensus rating of “Hold” and an average price target of $20.80.

Shares of NCI Building Systems Inc (NCS) opened at $16.35 on Friday. NCI Building Systems Inc has a fifty-two week low of $13.05 and a fifty-two week high of $21.20. The stock has a market cap of $1,090.00, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.69 and a quick ratio of 1.06.

NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.10). NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. The business had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. equities research analysts expect that NCI Building Systems Inc will post 1.09 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for NCI Building Systems (NYSE:NCS)

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