Vanguard Group Inc. Trims Position in NCI Building Systems, Inc. (NCS)
Vanguard Group Inc. lowered its position in shares of NCI Building Systems, Inc. (NYSE:NCS) by 19.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,564,106 shares of the company’s stock after selling 386,654 shares during the period. Vanguard Group Inc. owned about 2.21% of NCI Building Systems worth $26,121,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in NCI Building Systems by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,757 shares of the company’s stock worth $130,000 after acquiring an additional 1,163 shares during the last quarter. Legal & General Group Plc lifted its holdings in NCI Building Systems by 41.0% during the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the company’s stock worth $147,000 after buying an additional 2,559 shares during the period. Eqis Capital Management Inc. acquired a new position in NCI Building Systems during the 2nd quarter worth about $186,000. Airain ltd acquired a new position in NCI Building Systems during the 2nd quarter worth about $202,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in NCI Building Systems by 28.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the company’s stock worth $237,000 after buying an additional 3,082 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.
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In related news, Director James S. Metcalf acquired 30,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of A$13.42 ($10.32) per share, with a total value of A$402,600.00 ($309,692.31). Following the acquisition, the director now owns 30,000 shares of the company’s stock, valued at approximately A$402,600 ($309,692.31). The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Todd R. Moore sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of A$13.75 ($10.58), for a total value of A$82,500.00 ($63,461.54). Following the sale, the executive vice president now directly owns 82,458 shares of the company’s stock, valued at A$1,133,797.50 ($872,151.92). The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.
NCI Building Systems, Inc. (NYSE NCS) opened at A$15.85 ($12.19) on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 1.79. The firm has a market capitalization of $1,124.07, a P/E ratio of 20.85, a P/E/G ratio of 1.51 and a beta of 1.65. NCI Building Systems, Inc. has a 52 week low of A$13.05 ($10.04) and a 52 week high of A$18.60 ($14.31).
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Wednesday, September 6th. The company reported A$0.27 ($0.21) EPS for the quarter, missing analysts’ consensus estimates of A$0.32 ($0.25) by A($0.05) (($0.04)). The company had revenue of A$469.40 million for the quarter, compared to the consensus estimate of A$495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. analysts anticipate that NCI Building Systems, Inc. will post 0.79 earnings per share for the current year.
NCI Building Systems declared that its board has initiated a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
NCS has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 target price on shares of NCI Building Systems in a report on Tuesday, July 18th. Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Barclays PLC reissued a “buy” rating and issued a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. NCI Building Systems presently has an average rating of “Hold” and a consensus price target of A$17.33 ($13.33).
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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