Fox Run Management L.L.C. Acquires New Position in NCI Building Systems, Inc. (NYSE:NCS)
Fox Run Management L.L.C. purchased a new position in NCI Building Systems, Inc. (NYSE:NCS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,300 shares of the construction company’s stock, valued at approximately $423,000.
Several other large investors have also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC purchased a new stake in NCI Building Systems during the first quarter worth $3,329,000. Hudson Bay Capital Management LP purchased a new stake in NCI Building Systems during the fourth quarter worth $1,878,000. Norges Bank purchased a new stake in NCI Building Systems during the fourth quarter worth $14,637,000. Prudential Financial Inc. boosted its stake in NCI Building Systems by 548.6% in the first quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock worth $5,356,000 after buying an additional 264,200 shares in the last quarter. Finally, State Street Corp boosted its stake in NCI Building Systems by 2.2% in the fourth quarter. State Street Corp now owns 623,976 shares of the construction company’s stock worth $9,763,000 after buying an additional 13,385 shares in the last quarter. Institutional investors and hedge funds own 92.33% of the company’s stock.
Shares of NCI Building Systems, Inc. (NCS) opened at 17.50 on Monday. The firm’s 50-day moving average price is $16.95 and its 200-day moving average price is $16.45. NCI Building Systems, Inc. has a one year low of $13.80 and a one year high of $18.10. The firm has a market cap of $1.24 billion, a PE ratio of 20.42 and a beta of 1.50.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, June 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $420.50 million for the quarter, compared to analyst estimates of $409.24 million. NCI Building Systems had a net margin of 3.50% and a return on equity of 20.84%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. Equities research analysts expect that NCI Building Systems, Inc. will post $1.00 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on NCS shares. Zacks Investment Research cut NCI Building Systems from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Royal Bank Of Canada upgraded NCI Building Systems from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $18.00 to $20.00 in a report on Tuesday, April 25th. Finally, TheStreet upgraded NCI Building Systems from a “c” rating to a “b-” rating in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. NCI Building Systems currently has a consensus rating of “Buy” and a consensus price target of $18.50.
In other NCI Building Systems news, CFO Mark E. Johnson sold 20,000 shares of NCI Building Systems stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total value of $350,000.00. Following the transaction, the chief financial officer now owns 228,399 shares in the company, valued at $3,996,982.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Norman C. Chambers sold 40,000 shares of NCI Building Systems stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total transaction of $700,000.00. The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.
About NCI Building Systems
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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