Dupont Capital Management Corp boosted its stake in shares of NCI Building Systems Inc (NYSE:NCS) by 42.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 98,246 shares of the construction company’s stock after acquiring an additional 29,359 shares during the period. Dupont Capital Management Corp’s holdings in NCI Building Systems were worth $1,896,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of NCS. Investment Counselors of Maryland LLC acquired a new position in NCI Building Systems during the third quarter worth $12,225,000. Thompson Siegel & Walmsley LLC acquired a new position in NCI Building Systems during the third quarter worth $8,511,000. Royal Bank of Canada raised its position in NCI Building Systems by 83.5% during the second quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock worth $18,586,000 after acquiring an additional 506,499 shares during the period. Dimensional Fund Advisors LP raised its position in NCI Building Systems by 17.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock worth $28,324,000 after acquiring an additional 270,357 shares during the period. Finally, Koch Industries Inc. acquired a new position in NCI Building Systems during the second quarter worth $218,000. Institutional investors own 95.23% of the company’s stock.
In related news, VP Bradley Scott Little sold 2,750 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $19.48, for a total transaction of $53,570.00. Following the completion of the sale, the vice president now directly owns 28,663 shares in the company, valued at $558,355.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was 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 valued at $141,263,459 over the last quarter. Company insiders own 1.54% of the company’s stock.
A number of equities analysts have weighed in on NCS shares. Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of NCI Building Systems in a research report on Friday, December 8th. Barclays set a $21.00 price objective on shares of NCI Building Systems and gave the stock a “buy” rating in a research report on Friday, December 8th. TheStreet upgraded shares of NCI Building Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Citigroup reduced their price objective on shares of NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Finally, DA Davidson restated 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. NCI Building Systems has an average rating of “Hold” and an average target price of $20.80.
Shares of NCI Building Systems Inc (NYSE NCS) opened at $17.25 on Tuesday. The company has a market cap of $1,150.00, a PE ratio of 22.40, a PEG ratio of 1.65 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 Inc has a 12-month low of $13.05 and a 12-month high of $21.20.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The business had revenue of $488.73 million during the quarter, compared to analyst estimates of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. NCI Building Systems’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. sell-side analysts anticipate that NCI Building Systems Inc will post 1.09 EPS for the current fiscal year.
NCI Building Systems announced that its board has initiated a stock buyback program on Tuesday, October 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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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