NCI Building Systems Inc. (NCS) CEO Norman C. Chambers Sells 36,434 Shares
NCI Building Systems Inc. (NYSE:NCS) CEO Norman C. Chambers sold 36,434 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $17.50, for a total transaction of $637,595.00. Following the sale, the chief executive officer now owns 495,500 shares in the company, valued at approximately $8,671,250. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NCI Building Systems Inc. (NYSE:NCS) opened at 16.95 on Tuesday. NCI Building Systems Inc. has a 1-year low of $9.07 and a 1-year high of $17.85. The company has a market cap of $1.21 billion, a PE ratio of 25.11 and a beta of 1.60. The firm’s 50-day moving average is $15.29 and its 200 day moving average is $15.79.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, August 25th. DA Davidson set a $17.00 price target on shares of NCI Building Systems and gave the stock a “hold” rating in a research note on Wednesday, August 31st. Citigroup Inc. reiterated a “neutral” rating and issued a $16.50 price target on shares of NCI Building Systems in a research note on Wednesday, October 12th. Finally, TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.79.
A number of hedge funds have recently added to or reduced their stakes in NCS. Catalyst Capital Advisors LLC acquired a new stake in NCI Building Systems during the third quarter worth $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 5.6% in the third quarter. Acrospire Investment Management LLC now owns 13,208 shares of the company’s stock valued at $193,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.
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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