Insider Selling: NCI Building Systems Inc (NCS) Insider Sells 85,424 Shares of Stock

NCI Building Systems Inc (NYSE:NCS) insider Norman C. Chambers sold 85,424 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $19.41, for a total transaction of $1,658,079.84. Following the completion of the transaction, the insider now owns 342,333 shares of the company’s stock, valued at $6,644,683.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NCI Building Systems Inc (NYSE NCS) traded down $0.25 during trading on Wednesday, reaching $19.30. 585,491 shares of the company were exchanged, compared to its average volume of 600,200. NCI Building Systems Inc has a 1 year low of $13.05 and a 1 year high of $21.20. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1,291.15, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.68.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). NCI Building Systems had a return on equity of 18.76% and a net margin of 3.08%. The firm had revenue of $488.73 million during the quarter, compared to analyst estimates of $477.13 million. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. equities analysts expect that NCI Building Systems Inc will post 1.07 earnings per share for the current year.

NCI Building Systems declared that its board has approved a share repurchase program on Tuesday, October 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its stake in NCI Building Systems by 163.8% in the 3rd quarter. GSA Capital Partners LLP now owns 76,189 shares of the construction company’s stock worth $1,189,000 after purchasing an additional 47,306 shares during the period. First Republic Investment Management Inc. acquired a new position in NCI Building Systems in the 3rd quarter worth approximately $1,502,000. Engineers Gate Manager LP purchased a new stake in NCI Building Systems in the 3rd quarter worth approximately $238,000. Elk Creek Partners LLC lifted its position in NCI Building Systems by 20.9% in the 3rd quarter. Elk Creek Partners LLC now owns 511,952 shares of the construction company’s stock worth $7,986,000 after buying an additional 88,589 shares in the last quarter. Finally, KBC Group NV purchased a new stake in NCI Building Systems in the 3rd quarter worth approximately $313,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on NCS shares. Barclays reiterated a “buy” rating and issued a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. Royal Bank of Canada restated a “buy” rating and set a $16.00 target price on shares of NCI Building Systems in a report on Wednesday, October 18th. DA Davidson restated a “hold” rating and set a $18.00 target price on shares of NCI Building Systems in a report on Friday, December 8th. Zacks Investment Research raised shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, December 26th. Finally, TheStreet raised shares of NCI Building Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. NCI Building Systems currently has a consensus rating of “Buy” and a consensus price target of $20.40.

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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.

Insider Buying and Selling by Quarter for NCI Building Systems (NYSE:NCS)

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