Vanguard Group Inc. cut its stake in shares of NCI Building Systems, Inc. (NYSE:NCS) by 33.6% during the first quarter, Holdings Channel reports. The fund owned 1,950,760 shares of the construction company’s stock after selling 987,409 shares during the period. Vanguard Group Inc.’s holdings in NCI Building Systems were worth $33,456,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NCS. Victory Capital Management Inc. boosted its position in shares of NCI Building Systems by 22.3% in the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after buying an additional 1,203 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of NCI Building Systems by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after buying an additional 3,082 shares during the last quarter. American International Group Inc. boosted its position in shares of NCI Building Systems by 7.0% in the first quarter. American International Group Inc. now owns 16,745 shares of the construction company’s stock valued at $287,000 after buying an additional 1,100 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of NCI Building Systems by 6.8% in the first quarter. California Public Employees Retirement System now owns 39,400 shares of the construction company’s stock valued at $676,000 after buying an additional 2,500 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of NCI Building Systems by 44.2% in the first quarter. Sei Investments Co. now owns 45,961 shares of the construction company’s stock valued at $788,000 after buying an additional 14,086 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.

NCI Building Systems, Inc. (NYSE:NCS) traded down 0.437% during trading on Wednesday, reaching $17.075. The company had a trading volume of 66,023 shares. NCI Building Systems, Inc. has a one year low of $13.80 and a one year high of $18.60. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.924 and a beta of 1.51. The company has a 50-day moving average price of $17.49 and a 200 day moving average price of $16.82.

NCI Building Systems (NYSE:NCS) last posted its earnings results on Tuesday, June 6th. The construction company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. NCI Building Systems had a net margin of 3.50% and a return on equity of 20.84%. The company had revenue of $420.50 million for the quarter, compared to analyst estimates of $409.24 million. During the same quarter in the prior year, the business posted $0.04 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that NCI Building Systems, Inc. will post $1.00 earnings per share for the current year.

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NCS has been the subject of several analyst reports. TheStreet upgraded NCI Building Systems from a “c” rating to a “b-” rating in a report on Tuesday, June 6th. Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price objective on shares of NCI Building Systems in a report on Tuesday, July 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.50.

In related news, insider Norman C. Chambers sold 45,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $17.74, for a total value of $798,300.00. Following the sale, the insider now owns 476,403 shares in the company, valued at approximately $8,451,389.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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Institutional Ownership by Quarter for NCI Building Systems (NYSE:NCS)

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