NCI Building Systems Inc (NCS) Position Lowered by Prescott Group Capital Management L.L.C.
Prescott Group Capital Management L.L.C. cut its position in shares of NCI Building Systems Inc (NYSE:NCS) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 377,915 shares of the construction company’s stock after selling 287,643 shares during the period. NCI Building Systems makes up 1.5% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 14th largest holding. Prescott Group Capital Management L.L.C.’s holdings in NCI Building Systems were worth $7,294,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in NCS. Investment Counselors of Maryland LLC purchased a new position in shares of NCI Building Systems during the 3rd quarter worth about $12,225,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of NCI Building Systems during the 3rd quarter worth about $8,511,000. Dimensional Fund Advisors LP boosted its stake in shares of NCI Building Systems by 17.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock worth $28,324,000 after purchasing an additional 270,357 shares during the period. Koch Industries Inc. bought a new stake in NCI Building Systems during the 2nd quarter valued at about $218,000. Finally, State Street Corp lifted its holdings in NCI Building Systems by 26.2% during the 2nd quarter. State Street Corp now owns 757,520 shares of the construction company’s stock valued at $12,647,000 after buying an additional 157,145 shares in the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Todd R. Moore sold 36,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $19.43, for a total value of $699,480.00. Following the completion of the sale, the executive vice president now owns 85,735 shares in the company, valued at approximately $1,665,831.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $19.36, for a total transaction of $138,424,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,296,115 shares of company stock valued at $141,263,459. Company insiders own 1.78% of the company’s stock.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. The company had revenue of $488.73 million for the quarter, compared to the consensus estimate of $477.13 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. equities analysts forecast that NCI Building Systems Inc will post 1.09 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on NCS shares. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 price objective on shares of NCI Building Systems in a report on Wednesday, October 18th. DA Davidson reiterated a “hold” rating and set a $18.00 price objective on shares of NCI Building Systems in a report on Friday, December 8th. Barclays set a $21.00 price objective on shares of NCI Building Systems and gave the company a “buy” rating in a report on Friday, December 8th. Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, December 26th. Finally, TheStreet upgraded shares of NCI Building Systems from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.80.
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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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