NCI Building Systems Inc (NCS) Shares Bought by Engineers Gate Manager LP
Engineers Gate Manager LP increased its position in NCI Building Systems Inc (NYSE:NCS) by 618.3% in the fourth quarter, Holdings Channel reports. The fund owned 109,414 shares of the construction company’s stock after buying an additional 94,182 shares during the period. Engineers Gate Manager LP’s holdings in NCI Building Systems were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Dupont Capital Management Corp raised its stake in NCI Building Systems by 42.6% in the 4th quarter. Dupont Capital Management Corp now owns 98,246 shares of the construction company’s stock worth $1,896,000 after acquiring an additional 29,359 shares during the last quarter. SeaBridge Investment Advisors LLC raised its stake in NCI Building Systems by 1.6% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 279,152 shares of the construction company’s stock worth $5,388,000 after acquiring an additional 4,460 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in NCI Building Systems in the 4th quarter worth $1,269,000. GSA Capital Partners LLP raised its stake in NCI Building Systems by 163.8% in the 3rd quarter. GSA Capital Partners LLP now owns 76,189 shares of the construction company’s stock worth $1,189,000 after acquiring an additional 47,306 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in NCI Building Systems in the 3rd quarter worth $1,502,000. Institutional investors own 95.23% of the company’s stock.
In other NCI Building Systems news, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of NCI Building Systems stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total transaction of $138,424,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bradley Scott Little sold 2,750 shares of NCI Building Systems stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $19.48, for a total value of $53,570.00. Following the transaction, the vice president now owns 28,663 shares of the company’s stock, valued at approximately $558,355.24. The disclosure for this sale can be found here. Insiders have sold a total of 7,296,115 shares of company stock valued at $141,263,459 in the last quarter. Company insiders own 1.54% of the company’s stock.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The company had revenue of $488.73 million for the quarter, compared to analysts’ expectations of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. equities research analysts expect that NCI Building Systems Inc will post 1.09 earnings per share for the current fiscal year.
NCI Building Systems announced that its board has approved a share buyback plan on Tuesday, October 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
A number of brokerages recently issued reports on NCS. Citigroup reduced their target price on NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays set a $23.00 target price on NCI Building Systems and gave the stock a “buy” rating in a research note on Sunday, January 7th. TheStreet upgraded NCI Building Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $22.00 price objective on shares of NCI Building Systems in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.80.
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.
Want to see what other hedge funds are holding NCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NCI Building Systems Inc (NYSE:NCS).
Receive News & Ratings for NCI Building Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Building Systems and related companies with MarketBeat.com's FREE daily email newsletter.