State Board of Administration of Florida Retirement System increased its stake in shares of NCI Building Systems Inc. (NYSE:NCS) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,474 shares of the company’s stock after buying an additional 1,114 shares during the period. State Board of Administration of Florida Retirement System’s holdings in NCI Building Systems were worth $535,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in NCI Building Systems during the second quarter worth $130,000. Acrospire Investment Management LLC acquired a new position in NCI Building Systems during the first quarter worth $123,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in NCI Building Systems during the second quarter worth $181,000. Springbok Capital Management LLC boosted its position in NCI Building Systems by 390.3% in the first quarter. Springbok Capital Management LLC now owns 15,200 shares of the company’s stock worth $216,000 after buying an additional 12,100 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in NCI Building Systems by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 16,750 shares of the company’s stock worth $268,000 after buying an additional 350 shares in the last quarter. Institutional investors own 96.34% of the company’s stock.
Shares of NCI Building Systems Inc. (NYSE:NCS) traded down 0.40% during trading on Thursday, reaching $14.86. The company had a trading volume of 119,510 shares. The firm has a 50-day moving average of $15.37 and a 200 day moving average of $15.60. NCI Building Systems Inc. has a 52 week low of $9.07 and a 52 week high of $17.85. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 22.01 and a beta of 1.66.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The company earned $462.40 million during the quarter, compared to analysts’ expectations of $450.46 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that NCI Building Systems Inc. will post $0.76 earnings per share for the current year.
A number of research firms have recently weighed in on NCS. DA Davidson set a $17.00 price target on NCI Building Systems and gave the stock a “hold” rating in a report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. TheStreet upgraded NCI Building Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Finally, Zacks Investment Research upgraded NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $16.83.
In related news, Director George L. Ball purchased 4,500 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was bought at an average cost of $15.15 per share, with a total value of $68,175.00. Following the completion of the acquisition, the director now directly owns 34,999 shares in the company, valued at approximately $530,234.85. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 13,260,054 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $15.46, for a total value of $205,000,434.84. The disclosure for this sale can be found here. 4.49% of the stock is owned by insiders.
About NCI Building Systems
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.