Insider Selling: NCI Building Systems Inc. (NCS) CEO Sells 119,956 Shares of Stock
NCI Building Systems Inc. (NYSE:NCS) CEO Norman C. Chambers sold 119,956 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $17.29, for a total transaction of $2,074,039.24. Following the completion of the transaction, the chief executive officer now directly owns 622,812 shares of the company’s stock, valued at $10,768,419.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NCI Building Systems Inc. (NYSE:NCS) traded up 1.47% during trading on Monday, hitting $17.30. 324,987 shares of the stock traded hands. The firm’s 50-day moving average is $14.85 and its 200-day moving average is $15.67. The stock has a market cap of $1.23 billion, a P/E ratio of 25.63 and a beta of 1.60. NCI Building Systems Inc. has a 12 month low of $9.07 and a 12 month high of $17.85.
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 company had revenue of $462.40 million for the quarter, compared to the consensus estimate of $450.46 million. During the same period in the previous year, the business earned $0.15 EPS. NCI Building Systems’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts forecast that NCI Building Systems Inc. will post $0.75 EPS for the current year.
Several equities analysts recently commented on NCS shares. TheStreet raised shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Zacks Investment Research raised shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, August 25th. DA Davidson set a $17.00 price objective on shares of NCI Building Systems and gave the company a “hold” rating in a research report on Wednesday, August 31st. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.50 price objective on shares of NCI Building Systems in a research report on Wednesday, October 12th. Five investment analysts have rated the stock with 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 $16.79.
Large investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in NCI Building Systems during the third quarter valued at about $117,000. Acadian Asset Management LLC purchased a new position in shares of NCI Building Systems during the second quarter valued at approximately $130,000. Quantbot Technologies LP purchased a new position in shares of NCI Building Systems during the third quarter valued at approximately $137,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of NCI Building Systems during the second quarter valued at approximately $181,000. Finally, Acrospire Investment Management LLC raised its position in shares of NCI Building Systems by 44.3% in the second quarter. Acrospire Investment Management LLC now owns 12,508 shares of the company’s stock valued at $200,000 after buying an additional 3,842 shares during the last quarter.
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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