BlackRock Inc. Buys 171,732 Shares of NCI Building Systems Inc (NCS)

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BlackRock Inc. lifted its stake in shares of NCI Building Systems Inc (NYSE:NCS) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,823,614 shares of the construction company’s stock after purchasing an additional 171,732 shares during the period. BlackRock Inc.’s holdings in NCI Building Systems were worth $59,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NCS. Fuller & Thaler Asset Management Inc. lifted its holdings in NCI Building Systems by 416.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 892,149 shares of the construction company’s stock valued at $18,735,000 after acquiring an additional 719,249 shares during the last quarter. UBS Group AG lifted its holdings in NCI Building Systems by 1,183.9% in the first quarter. UBS Group AG now owns 701,585 shares of the construction company’s stock valued at $12,418,000 after acquiring an additional 646,941 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in NCI Building Systems in the first quarter valued at approximately $8,008,000. Wells Fargo & Company MN lifted its holdings in NCI Building Systems by 69.6% in the second quarter. Wells Fargo & Company MN now owns 664,184 shares of the construction company’s stock valued at $13,948,000 after acquiring an additional 272,631 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in NCI Building Systems in the second quarter valued at approximately $3,549,000. Hedge funds and other institutional investors own 94.57% of the company’s stock.

NCS opened at $14.69 on Friday. NCI Building Systems Inc has a one year low of $13.98 and a one year high of $23.35. The company has a market capitalization of $1.00 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.85 and a current ratio of 1.58.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, August 28th. The construction company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $534.27 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. As a group, analysts anticipate that NCI Building Systems Inc will post 1.45 EPS for the current year.

NCS has been the topic of a number of recent analyst reports. ValuEngine upgraded NCI Building Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Barclays cut NCI Building Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $24.00 to $19.00 in a report on Friday, July 20th. TheStreet cut NCI Building Systems from a “b-” rating to a “c+” rating in a report on Wednesday, August 15th. Finally, Citigroup decreased their price objective on NCI Building Systems from $22.00 to $17.00 and set a “$16.05” rating on the stock in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.67.

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.

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

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