BlackRock Inc. lifted its holdings in NCI Building Systems Inc (NYSE:NCS) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,823,614 shares of the construction company’s stock after purchasing an additional 171,732 shares during the period. BlackRock Inc. owned about 4.27% of NCI Building Systems worth $59,296,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in NCS. Fuller & Thaler Asset Management Inc. increased its stake in shares of NCI Building Systems by 416.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 892,149 shares of the construction company’s stock valued at $18,735,000 after purchasing an additional 719,249 shares in the last quarter. UBS Group AG increased its stake in shares of NCI Building Systems by 1,183.9% in the 1st quarter. UBS Group AG now owns 701,585 shares of the construction company’s stock valued at $12,418,000 after purchasing an additional 646,941 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in shares of NCI Building Systems in the 1st quarter valued at about $8,008,000. Wells Fargo & Company MN increased its stake in shares of NCI Building Systems by 69.6% in the 2nd quarter. Wells Fargo & Company MN now owns 664,184 shares of the construction company’s stock valued at $13,948,000 after purchasing an additional 272,631 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of NCI Building Systems in the 2nd quarter valued at about $3,549,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.
NYSE:NCS opened at $14.69 on Friday. NCI Building Systems Inc has a 12 month low of $13.98 and a 12 month high of $23.35. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 1.35. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.04 and a beta of 1.44.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings data on Tuesday, August 28th. The construction company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. NCI Building Systems had a return on equity of 29.00% and a net margin of 2.77%. The company had revenue of $548.50 million during the quarter, compared to analyst estimates of $534.27 million. During the same period in the previous year, the business earned $0.27 EPS. NCI Building Systems’s quarterly revenue was up 16.9% on a year-over-year basis. Equities research analysts forecast that NCI Building Systems Inc will post 1.45 earnings per share for the current year.
Several equities research analysts have commented on the company. ValuEngine lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Citigroup cut their price objective on NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating for the company in a research note on Monday, July 23rd. TheStreet lowered NCI Building Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, August 15th. Finally, Barclays lowered NCI Building Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $24.00 to $19.00 in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. NCI Building Systems has an average rating of “Hold” and a consensus target price of $19.67.
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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