Trading Report: Today: Ameriprise Financial Inc. reached $4,472,000 position of NCI Building Systems Inc. (NCS)

Today: Ameriprise Financial Inc. reached $4,472,000 position  of NCI Building Systems Inc. (NCS)

Ameriprise Financial Inc. boosted its stake in shares of NCI Building Systems Inc. (NYSE:NCS) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 279,598 shares of the company’s stock after buying an additional 6,186 shares during the period. Ameriprise Financial Inc. owned approximately 0.38% of NCI Building Systems worth $4,472,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Boston Partners increased its stake in NCI Building Systems by 8.1% in the second quarter. Boston Partners now owns 237,194 shares of the company’s stock worth $3,793,000 after buying an additional 17,779 shares during the period. Princeton Alpha Management LP increased its stake in NCI Building Systems by 17.1% in the second quarter. Princeton Alpha Management LP now owns 26,112 shares of the company’s stock worth $418,000 after buying an additional 3,818 shares during the period. First Trust Advisors LP bought a new stake in NCI Building Systems during the second quarter worth about $662,000. State Board of Administration of Florida Retirement System increased its stake in NCI Building Systems by 3.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,474 shares of the company’s stock worth $535,000 after buying an additional 1,114 shares during the period. Finally, California Public Employees Retirement System increased its stake in NCI Building Systems by 3.4% in the second quarter. California Public Employees Retirement System now owns 40,100 shares of the company’s stock worth $641,000 after buying an additional 1,300 shares during the period. Institutional investors own 98.64% of the company’s stock.

NCI Building Systems Inc. (NYSE:NCS) traded down 0.034% during trading on Monday, hitting $14.575. 7,073 shares of the stock were exchanged. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.593 and a beta of 1.66. The company has a 50-day moving average price of $14.87 and a 200 day moving average price of $15.63. NCI Building Systems Inc. has a 1-year low of $9.07 and a 1-year high of $17.85.

NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The company had revenue of $462.40 million for the quarter, compared to analysts’ expectations of $450.46 million. NCI Building Systems had a net margin of 3.00% and a return on equity of 20.05%. NCI Building Systems’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts predict that NCI Building Systems Inc. will post $0.75 earnings per share for the current fiscal year.

NCS has been the subject of a number of research analyst reports. Credit Suisse Group AG restated a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, August 25th. TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. DA Davidson set a $17.00 price objective on shares of NCI Building Systems and gave the stock a “hold” rating in a report on Wednesday, August 31st. Finally, Citigroup Inc. restated a “neutral” rating and set a $16.50 price objective on shares of NCI Building Systems in a report on Wednesday, October 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.79.

In other NCI Building Systems news, EVP Todd R. Moore sold 5,323 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $14.90, for a total transaction of $79,312.70. Following the transaction, the executive vice president now owns 76,546 shares in the company, valued at approximately $1,140,535.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 13,260,054 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $15.46, for a total transaction of $205,000,434.84. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.

NCI Building Systems Company Profile

NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users.

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