Polaris Capital Management LLC continued to hold its position in shares of NCI Building Systems, Inc. (NYSE:NCS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,244 shares of the construction company’s stock at the close of the 2nd quarter. Polaris Capital Management LLC owned about 0.20% of NCI Building Systems worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of NCS. Wells Fargo & Company MN raised its position in shares of NCI Building Systems by 16.9% during the 1st quarter. Wells Fargo & Company MN now owns 169,130 shares of the construction company’s stock valued at $2,901,000 after acquiring an additional 24,458 shares in the last quarter. Sei Investments Co. raised its position in shares of NCI Building Systems by 44.2% during the 1st quarter. Sei Investments Co. now owns 45,961 shares of the construction company’s stock valued at $788,000 after acquiring an additional 14,086 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of NCI Building Systems by 28.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after acquiring an additional 3,082 shares in the last quarter. Prudential Financial Inc. raised its position in shares of NCI Building Systems by 548.6% during the 1st quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock valued at $5,356,000 after acquiring an additional 264,200 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of 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 valued at $113,000 after acquiring an additional 1,203 shares in the last quarter. 93.45% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on NCS shares. Barclays PLC reissued a “buy” rating and set a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a research report on Tuesday, July 18th. Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.67.

In other NCI Building Systems news, Director James S. Metcalf acquired 30,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $13.42 per share, for a total transaction of $402,600.00. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately $402,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Norman C. Chambers sold 45,000 shares of NCI Building Systems stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $17.74, for a total value of $798,300.00. Following the completion of the transaction, the insider now owns 476,403 shares of the company’s stock, valued at approximately $8,451,389.22. The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.

Shares of NCI Building Systems, Inc. (NYSE:NCS) traded up 0.32% during midday trading on Friday, reaching $15.80. The company’s stock had a trading volume of 44,875 shares. The stock has a 50 day moving average price of $15.38 and a 200-day moving average price of $16.67. NCI Building Systems, Inc. has a 52-week low of $13.05 and a 52-week high of $18.60. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.05 and a beta of 1.55.

NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $495.21 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that NCI Building Systems, Inc. will post $0.80 EPS for the current year.

NCI Building Systems announced that its board has authorized a share repurchase program on Tuesday, October 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

NCI Building Systems 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.

Institutional Ownership by Quarter for NCI Building Systems (NYSE:NCS)

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