Norman C. Chambers Sells 171,223 Shares of NCI Building Systems Inc. (NCS) Stock
NCI Building Systems Inc. (NYSE:NCS) CEO Norman C. Chambers sold 171,223 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $16.67, for a total value of $2,854,287.41. Following the completion of the sale, the chief executive officer now owns 743,088 shares in the company, valued at approximately $12,387,276.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
NCI Building Systems Inc. (NYSE:NCS) opened at 17.50 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 25.93 and a beta of 1.60. NCI Building Systems Inc. has a 52-week low of $9.07 and a 52-week high of $17.85. The stock’s 50 day moving average price is $14.75 and its 200 day moving average price is $15.65.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The business had revenue of $462.40 million for the quarter, compared to analysts’ expectations of $450.46 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts expect that NCI Building Systems Inc. will post $0.75 earnings per share for the current year.
Several large investors have recently bought and sold shares of NCS. Copper Rock Capital Partners LLC acquired a new stake in NCI Building Systems during the third quarter valued at about $23,572,000. Peregrine Capital Management LLC purchased a new position in shares of NCI Building Systems during the third quarter worth $20,085,000. Citadel Advisors LLC boosted its position in shares of NCI Building Systems by 2,086.4% in the third quarter. Citadel Advisors LLC now owns 1,215,142 shares of the company’s stock worth $17,729,000 after buying an additional 1,159,564 shares during the last quarter. Numeric Investors LLC boosted its position in shares of NCI Building Systems by 122.9% in the second quarter. Numeric Investors LLC now owns 1,558,991 shares of the company’s stock worth $24,928,000 after buying an additional 859,555 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of NCI Building Systems during the third quarter worth $7,192,000.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, August 25th. DA Davidson set a $17.00 price target on NCI Building Systems and gave the stock a “hold” rating in a report on Wednesday, August 31st. Citigroup Inc. restated a “neutral” rating and set a $16.50 price target on shares of NCI Building Systems in a report on Wednesday, October 12th. Finally, TheStreet upgraded NCI Building Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NCI Building Systems currently has a consensus rating of “Hold” and an average price target of $16.79.
NCI Building Systems Company Profile
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users.
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