NCI Building Systems Inc (NYSE:NCS) major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of NCI Building Systems stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $19.36, for a total value of $138,424,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of NCI Building Systems Inc (NCS) opened at $19.65 on Friday. The firm has a market capitalization of $1,291.15, a price-to-earnings ratio of 24.13, a PEG ratio of 1.80 and a beta of 1.68. NCI Building Systems Inc has a 52-week low of $13.05 and a 52-week high of $21.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 1.79.

NCI Building Systems (NYSE:NCS) last released its earnings results 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). The firm had revenue of $488.73 million for the quarter, compared to the consensus estimate of $477.13 million. NCI Building Systems had a return on equity of 18.79% and a net margin of 3.08%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. research analysts forecast that NCI Building Systems Inc will post 1.07 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.

Several equities analysts have issued reports on NCS shares. Royal Bank of Canada reiterated a “buy” rating and issued a $16.00 price objective on shares of NCI Building Systems in a research report on Wednesday, October 18th. Barclays reiterated a “buy” rating and issued a $16.00 price objective (down previously from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. DA Davidson reiterated a “hold” rating and issued a $18.00 price objective on shares of NCI Building Systems in a research report on Friday, December 8th. Finally, BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. NCI Building Systems has a consensus rating of “Hold” and an average price target of $20.25.

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of NCI Building Systems by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after acquiring an additional 1,163 shares during the last quarter. Legal & General Group Plc raised its position in shares of NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after acquiring an additional 2,559 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of NCI Building Systems during the second quarter worth $160,000. First Quadrant L P CA bought a new stake in shares of NCI Building Systems during the third quarter worth $161,000. Finally, Airain ltd bought a new stake in shares of NCI Building Systems during the second quarter worth $202,000. Institutional investors own 91.91% of the company’s stock.

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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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