Prudential Financial Inc. lessened its position in NCI Building Systems Inc (NYSE:NCS) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,409 shares of the construction company’s stock after selling 46,000 shares during the period. Prudential Financial Inc. owned 0.52% of NCI Building Systems worth $5,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in NCI Building Systems by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after purchasing an additional 1,163 shares in the last quarter. Legal & General Group Plc increased its holdings in NCI Building Systems by 41.0% in the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,559 shares in the last quarter. Quantbot Technologies LP acquired a new position in NCI Building Systems in the 2nd quarter worth about $160,000. First Quadrant L P CA acquired a new position in NCI Building Systems in the 3rd quarter worth about $161,000. Finally, Eqis Capital Management Inc. acquired a new position in NCI Building Systems in the 2nd quarter worth about $186,000. 94.88% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on NCS shares. Barclays PLC reaffirmed a “buy” rating and issued a $16.00 target price (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. BidaskClub cut NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of NCI Building Systems in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. NCI Building Systems presently has an average rating of “Hold” and a consensus price target of $17.33.

Shares of NCI Building Systems Inc (NYSE:NCS) traded up $0.15 during mid-day trading on Monday, hitting $16.60. The stock had a trading volume of 96,400 shares, compared to its average volume of 434,322. The firm has a market capitalization of $1,180.00, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.65. The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. NCI Building Systems Inc has a 12 month low of $13.05 and a 12 month high of $18.60.

NCI Building Systems (NYSE:NCS) last issued its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. equities analysts forecast that NCI Building Systems Inc will post 0.78 earnings per share for the current year.

NCI Building Systems announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

In related news, Director James S. Metcalf purchased 30,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $13.42 per share, with a total value of $402,600.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $402,600. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Todd R. Moore sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the sale, the executive vice president now directly 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. Corporate insiders own 1.78% of the company’s stock.

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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.

Institutional Ownership by Quarter for NCI Building Systems (NYSE:NCS)

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