NCI Building Systems, Inc. (NYSE:NCS) hit a new 52-week low on Thursday following a dissappointing earnings announcement. The stock traded as low as $13.28 and last traded at $13.30, with a volume of 3,427,223 shares traded. The stock had previously closed at $16.80.

The construction company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.05. NCI Building Systems had a net margin of 3.18% and a return on equity of 18.86%. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $495.21 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. Barclays PLC reaffirmed 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. BidaskClub cut NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Zacks Investment Research cut NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of NCI Building Systems in a research note on Tuesday, July 18th. Finally, TheStreet raised NCI Building Systems from a “c” rating to a “b-” rating in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.30.

In related news, insider Norman C. Chambers sold 45,000 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.74, for a total transaction of $798,300.00. Following the completion of the transaction, the insider now directly owns 476,403 shares of the company’s stock, valued at approximately $8,451,389.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCS. Victory Capital Management Inc. grew its stake in NCI Building Systems by 22.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock worth $113,000 after purchasing an additional 1,203 shares in the last quarter. Legal & General Group Plc grew its stake in NCI Building Systems by 41.0% during the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,559 shares in the last quarter. Quantbot Technologies LP acquired a new position in NCI Building Systems during the 2nd quarter worth $160,000. Eqis Capital Management Inc. acquired a new position in NCI Building Systems during the 2nd quarter worth $186,000. Finally, Airain ltd acquired a new position in NCI Building Systems during the 2nd quarter worth $202,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

The company has a 50-day moving average of $17.02 and a 200-day moving average of $16.85. The company has a market capitalization of $981.95 million, a PE ratio of 16.16 and a beta of 1.53.

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NCI Building Systems Company 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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