Federated Investors Inc. PA purchased a new position in NCI Building Systems Inc (NYSE:NCS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 164,005 shares of the construction company’s stock, valued at approximately $3,444,000. Federated Investors Inc. PA owned about 0.25% of NCI Building Systems at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Globeflex Capital L P raised its holdings in NCI Building Systems by 16.3% during the second quarter. Globeflex Capital L P now owns 100,506 shares of the construction company’s stock valued at $2,111,000 after acquiring an additional 14,076 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of NCI Building Systems by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,961,345 shares of the construction company’s stock worth $41,189,000 after purchasing an additional 13,041 shares during the last quarter. Chicago Equity Partners LLC increased its holdings in shares of NCI Building Systems by 49.9% in the second quarter. Chicago Equity Partners LLC now owns 115,155 shares of the construction company’s stock worth $2,418,000 after purchasing an additional 38,348 shares during the last quarter. BlackRock Inc. increased its holdings in shares of NCI Building Systems by 6.5% in the second quarter. BlackRock Inc. now owns 2,823,614 shares of the construction company’s stock worth $59,296,000 after purchasing an additional 171,732 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of NCI Building Systems by 319.4% in the second quarter. GSA Capital Partners LLP now owns 121,730 shares of the construction company’s stock worth $2,556,000 after purchasing an additional 92,703 shares during the last quarter. Institutional investors own 94.57% of the company’s stock.
NCS has been the topic of several research reports. Citigroup reduced their target price on NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating on the stock in a report on Monday, July 23rd. TheStreet cut NCI Building Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, August 15th. Barclays cut NCI Building Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $24.00 to $19.00 in a research note on Friday, July 20th. Finally, ValuEngine raised NCI Building Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. NCI Building Systems currently has a consensus rating of “Hold” and a consensus target price of $19.67.
Shares of NYSE NCS traded down $0.40 during trading hours on Friday, reaching $15.24. The stock had a trading volume of 487,975 shares, compared to its average volume of 536,215. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.85 and a current ratio of 1.58. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.04 and a beta of 1.44. NCI Building Systems Inc has a 52-week low of $13.98 and a 52-week high of $23.35.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, August 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $548.50 million during the quarter, compared to analyst estimates of $534.27 million. NCI Building Systems had a return on equity of 29.00% and a net margin of 2.77%. NCI Building Systems’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Analysts forecast that NCI Building Systems Inc will post 1.45 earnings per share for the current year.
NCI Building Systems Profile
NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.
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