SeaBridge Investment Advisors LLC lifted its holdings in shares of NCI Building Systems, Inc. (NYSE:NCS) by 43.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,692 shares of the construction company’s stock after purchasing an additional 83,262 shares during the quarter. SeaBridge Investment Advisors LLC owned 0.39% of NCI Building Systems worth $4,285,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of NCS. Royal Bank of Canada grew its holdings in shares of NCI Building Systems by 83.5% during the second quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock worth $18,586,000 after purchasing an additional 506,499 shares in the last quarter. Elk Creek Partners LLC purchased a new position in shares of NCI Building Systems during the second quarter worth about $7,070,000. Thrivent Financial For Lutherans grew its holdings in shares of NCI Building Systems by 496.5% during the second quarter. Thrivent Financial For Lutherans now owns 320,166 shares of the construction company’s stock worth $5,347,000 after purchasing an additional 266,496 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of NCI Building Systems during the second quarter worth about $218,000. Finally, State Street Corp grew its holdings in shares of NCI Building Systems by 26.2% during the second quarter. State Street Corp now owns 757,520 shares of the construction company’s stock worth $12,647,000 after purchasing an additional 157,145 shares in the last quarter. 92.58% of the stock is owned by institutional investors.
Shares of NCI Building Systems, Inc. (NCS) traded up 0.160% during mid-day trading on Monday, reaching $15.675. The company’s stock had a trading volume of 32,320 shares. NCI Building Systems, Inc. has a 12-month low of $13.05 and a 12-month high of $18.60. The company’s 50-day moving average price is $15.20 and its 200-day moving average price is $16.62. The stock has a market capitalization of $1.11 billion, a P/E ratio of 19.892 and a beta of 1.55.
NCI Building Systems (NYSE:NCS) last announced its earnings results on Wednesday, September 6th. The construction company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). The company had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. NCI Building Systems’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, equities research analysts forecast that NCI Building Systems, Inc. will post $0.78 earnings per share for the current fiscal year.
NCI Building Systems declared that its Board of Directors has approved a share buyback program on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Several research analysts have recently commented on the company. Barclays PLC reissued a “buy” rating and set a $16.00 price objective (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a report on Tuesday, July 18th. Finally, Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.33.
In related news, Director James S. Metcalf bought 30,000 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 30,000 shares in the company, valued at $402,600. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Todd R. Moore sold 6,000 shares of NCI Building Systems stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the transaction, the executive vice president now owns 82,458 shares of the company’s stock, valued at approximately $1,133,797.50. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by insiders.
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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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