Crestline Management LP Acquires New Position in NCI Building Systems (NYSE:NCS)

Crestline Management LP acquired a new stake in shares of NCI Building Systems (NYSE:NCS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,303 shares of the construction company’s stock, valued at approximately $894,000. Crestline Management LP owned 0.07% of NCI Building Systems as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in 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 period. BlackRock Inc. lifted its position in 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 period. Millennium Management LLC bought a new position in NCI Building Systems during the fourth quarter valued at approximately $37,432,000. Dimensional Fund Advisors LP lifted its position in 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 period. Finally, Royce & Associates LP lifted its position in 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 period. Institutional investors own 95.71% of the company’s stock.

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A number of brokerages recently weighed in on NCS. ValuEngine upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Stephens restated a “hold” rating and set a $20.00 price objective on shares of NCI Building Systems in a research report on Thursday, March 15th. Barclays restated an “overweight” rating on shares of NCI Building Systems in a research report on Thursday, March 8th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a research report on Thursday, March 8th. Finally, Citigroup lowered their price objective on shares of NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.00.

NCS stock traded down $0.50 during midday trading on Friday, reaching $17.35. 588,446 shares of the company’s stock traded hands, compared to its average volume of 616,211. NCI Building Systems has a 52-week low of $13.05 and a 52-week high of $21.20. The stock has a market cap of $1,180.65, a P/E ratio of 20.06, a P/E/G ratio of 1.45 and a beta of 1.45. 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 announced its earnings results on Tuesday, March 6th. The construction company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. NCI Building Systems had a net margin of 3.21% and a return on equity of 21.00%. The business had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.81 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. equities analysts forecast that NCI Building Systems will post 1.23 earnings per share for the current year.

NCI Building Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, March 7th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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NCI Building Systems Company 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.

Institutional Ownership by Quarter for NCI Building Systems (NYSE:NCS)

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