NCI Building Systems Inc (NYSE:NCS) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 497,343 shares, a drop of 38.9% from the February 15th total of 813,672 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 314,447 shares, the short-interest ratio is presently 1.6 days.
In other news, VP Bradley Scott Little sold 2,750 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $19.48, for a total value of $53,570.00. Following the completion of the sale, the vice president now directly owns 28,663 shares of the company’s stock, valued at approximately $558,355.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Todd R. Moore sold 36,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $19.43, for a total transaction of $699,480.00. Following the completion of the sale, the executive vice president now directly owns 85,735 shares of the company’s stock, valued at $1,665,831.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,374 shares of company stock valued at $2,512,842. Corporate insiders own 1.78% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its stake in NCI Building Systems by 68.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 23,189 shares of the construction company’s stock valued at $387,000 after purchasing an additional 9,393 shares in the last quarter. Voya Investment Management LLC bought a new stake in NCI Building Systems during the 2nd quarter valued at about $268,000. State Street Corp increased its stake in NCI Building Systems by 26.2% during the 2nd quarter. State Street Corp now owns 757,520 shares of the construction company’s stock valued at $12,647,000 after purchasing an additional 157,145 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in NCI Building Systems by 44.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,538 shares of the construction company’s stock valued at $544,000 after purchasing an additional 9,979 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in NCI Building Systems by 32.1% during the 2nd quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock valued at $1,183,000 after purchasing an additional 17,200 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.
NCI Building Systems (NYSE:NCS) opened at $17.70 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 0.86. The stock has a market cap of $1,183.96, a PE ratio of 21.59, a P/E/G ratio of 1.45 and a beta of 1.57. NCI Building Systems has a 12 month low of $13.05 and a 12 month high of $21.20.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. The company had revenue of $421.30 million during the quarter, compared to analyst estimates of $402.81 million. NCI Building Systems had a net margin of 3.21% and a return on equity of 21.00%. NCI Building Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. analysts anticipate that NCI Building Systems will post 1.23 earnings per share for the current year.
NCI Building Systems declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 7th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently commented on NCS shares. Barclays set a $23.00 target price on shares of NCI Building Systems and gave the stock a “buy” rating in a research report on Sunday, January 7th. Citigroup decreased their price target on shares of NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 price target on shares of NCI Building Systems in a research note on Thursday, March 8th. Finally, TheStreet upgraded shares of NCI Building Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. NCI Building Systems has a consensus rating of “Hold” and an average target price of $20.00.
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NCI Building Systems Company Profile
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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