HBK Investments L P grew its stake in shares of NCI Building Systems Inc (NYSE:NCS) by 129.4% in the 4th quarter, Holdings Channel reports. The firm owned 81,900 shares of the construction company’s stock after acquiring an additional 46,205 shares during the quarter. HBK Investments L P’s holdings in NCI Building Systems were worth $1,581,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of NCI Building Systems by 25.4% during the fourth quarter. Renaissance Technologies LLC now owns 2,675,820 shares of the construction company’s stock valued at $51,643,000 after purchasing an additional 542,320 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of NCI Building Systems by 1.5% during the fourth quarter. BlackRock Inc. now owns 2,555,466 shares of the construction company’s stock valued at $49,321,000 after purchasing an additional 37,591 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NCI Building Systems by 17.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock valued at $28,324,000 after purchasing an additional 270,357 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of NCI Building Systems by 5.0% during the fourth quarter. Royce & Associates LP now owns 1,524,330 shares of the construction company’s stock valued at $29,420,000 after purchasing an additional 73,134 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of NCI Building Systems by 757.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,424,286 shares of the construction company’s stock valued at $27,489,000 after purchasing an additional 1,258,255 shares during the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.
NCS stock opened at $17.65 on Wednesday. The firm has a market capitalization of $1,170.73, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.44 and a beta of 1.57. NCI Building Systems Inc has a 52-week low of $13.05 and a 52-week high of $21.20. The company has a current ratio of 1.60, a quick ratio of 0.86 and a debt-to-equity ratio of 1.46.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $421.30 million for the quarter, compared to analyst estimates of $402.81 million. NCI Building Systems had a return on equity of 21.00% and a net margin of 3.21%. NCI Building Systems’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. equities analysts predict that NCI Building Systems Inc will post 1.23 EPS for the current fiscal year.
NCI Building Systems declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other NCI Building Systems news, VP Bradley Scott Little sold 2,750 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $19.48, for a total value of $53,570.00. Following the transaction, the vice president now directly owns 28,663 shares of the company’s stock, valued at approximately $558,355.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Katy Theroux sold 5,200 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $19.56, for a total value of $101,712.00. Following the completion of the transaction, the executive vice president now directly owns 53,051 shares in the company, valued at $1,037,677.56. The disclosure for this sale can be found here. Insiders have sold 93,374 shares of company stock worth $1,813,362 over the last three months. 1.54% of the stock is owned by insiders.
Several equities research analysts have recently commented on NCS shares. Zacks Investment Research downgraded NCI Building Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 target price on shares of NCI Building Systems in a report on Friday, December 8th. TheStreet raised NCI Building Systems from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. Barclays set a $23.00 target price on NCI Building Systems and gave the company a “buy” rating in a report on Sunday, January 7th. Finally, DA Davidson reissued a “hold” rating and set a $18.00 price target on shares of NCI Building Systems in a research report on Friday, December 8th. One 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 stock. The company presently has an average rating of “Hold” and an average price target of $20.00.
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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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