LPL Financial LLC Acquires New Position in NCI Building Systems Inc (NCS)

LPL Financial LLC acquired a new position in NCI Building Systems Inc (NYSE:NCS) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 130,910 shares of the construction company’s stock, valued at approximately $2,317,000. LPL Financial LLC owned 0.20% of NCI Building Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in shares of NCI Building Systems in the first quarter worth about $178,000. Element Capital Management LLC bought a new position in shares of NCI Building Systems in the first quarter worth about $269,000. Teacher Retirement System of Texas bought a new position in shares of NCI Building Systems in the fourth quarter worth about $282,000. BlueCrest Capital Management Ltd bought a new position in shares of NCI Building Systems in the fourth quarter worth about $338,000. Finally, Ellington Management Group LLC bought a new position in shares of NCI Building Systems in the fourth quarter worth about $378,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Mark E. Johnson sold 82,100 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $22.89, for a total value of $1,879,269.00. Following the sale, the chief financial officer now directly owns 160,918 shares in the company, valued at $3,683,413.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Daniel Ronchetto sold 8,039 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $21.00, for a total value of $168,819.00. Following the completion of the sale, the insider now owns 43,045 shares in the company, valued at $903,945. The disclosure for this sale can be found here. Insiders sold 112,004 shares of company stock worth $2,441,697 over the last quarter. 1.78% of the stock is owned by company insiders.

NYSE:NCS opened at $21.00 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.39 billion, a P/E ratio of 26.25, a PEG ratio of 1.54 and a beta of 1.52. NCI Building Systems Inc has a 12 month low of $13.05 and a 12 month high of $23.35.

NCI Building Systems (NYSE:NCS) last posted its earnings results on Tuesday, June 5th. The construction company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $438.61 million. NCI Building Systems had a return on equity of 23.45% and a net margin of 1.92%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. equities research analysts anticipate that NCI Building Systems Inc will post 1.37 EPS for the current year.

NCI Building Systems announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 7th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have recently weighed in on the company. ValuEngine lowered NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Barclays upped their price objective on NCI Building Systems from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, June 7th. Stephens reaffirmed a “hold” rating and issued a $20.00 price objective on shares of NCI Building Systems in a research note on Thursday, March 15th. Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 30th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of NCI Building Systems in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.33.

About NCI Building Systems

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

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