Insider Selling: NCI Building Systems Inc (NCS) Major Shareholder Sells 7,150,000 Shares of Stock
NCI Building Systems Inc (NYSE:NCS) major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
NCI Building Systems Inc (NYSE:NCS) traded up $0.40 on Thursday, reaching $19.30. The company had a trading volume of 1,279,000 shares, compared to its average volume of 478,178. The stock has a market capitalization of $1,264.39, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.77 and a beta of 1.68. NCI Building Systems Inc has a 12 month low of $13.05 and a 12 month high of $21.20. 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 (NYSE:NCS) last released its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10). The company had revenue of $488.73 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. analysts predict that NCI Building Systems Inc will post 1.07 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and set a $16.00 price objective on shares of NCI Building Systems in a research report on Wednesday, October 18th. Barclays restated a “buy” rating and set 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 restated a “hold” rating and set a $18.00 price objective on shares of NCI Building Systems in a research report on Friday, December 8th. Finally, BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCS. Investment Counselors of Maryland LLC purchased a new position in NCI Building Systems in the third quarter worth about $12,225,000. Thompson Siegel & Walmsley LLC bought a new stake in NCI Building Systems in the third quarter worth about $8,511,000. Royal Bank of Canada lifted its stake in NCI Building Systems by 83.5% in the second quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock worth $18,586,000 after purchasing an additional 506,499 shares during the last quarter. Elk Creek Partners LLC bought a new stake in NCI Building Systems in the second quarter worth about $7,070,000. Finally, Dimensional Fund Advisors LP lifted its stake in NCI Building Systems by 17.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock worth $28,324,000 after purchasing an additional 270,357 shares during the last quarter. Institutional investors own 91.91% 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.
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