NCI Building Systems, Inc. (NCS) Holdings Lifted by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in NCI Building Systems, Inc. (NYSE:NCS) by 33.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 417,409 shares of the construction company’s stock after buying an additional 105,050 shares during the quarter. Prudential Financial Inc. owned about 0.59% of NCI Building Systems worth $6,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Royce & Associates LP lifted its position in NCI Building Systems by 7.8% in the second quarter. Royce & Associates LP now owns 1,448,241 shares of the construction company’s stock valued at $24,186,000 after buying an additional 104,532 shares during the last quarter. Bridge City Capital LLC acquired a new position in NCI Building Systems in the second quarter valued at about $1,140,000. Victory Capital Management Inc. lifted its position in NCI Building Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after buying an additional 1,163 shares during the last quarter. Legal & General Group Plc lifted its position in NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after buying an additional 2,559 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in NCI Building Systems by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 194,978 shares of the construction company’s stock valued at $3,256,000 after buying an additional 19,825 shares during the last quarter. 93.82% of the stock is currently owned by institutional investors.

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A number of research analysts have commented on the stock. Barclays PLC reaffirmed a “buy” rating and issued a $16.00 target price (down previously from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. BidaskClub cut shares of NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research cut shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 target price on shares of NCI Building Systems in a research report on Tuesday, July 18th. Finally, TheStreet raised shares of NCI Building Systems from a “c” rating to a “b-” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.30.

In other NCI Building Systems news, EVP Todd R. Moore sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total value of $82,500.00. Following the sale, the executive vice president now directly owns 82,458 shares of the company’s stock, valued at approximately $1,133,797.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James S. Metcalf acquired 30,000 shares of NCI Building Systems stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is currently owned by company insiders.

Shares of NCI Building Systems, Inc. (NYSE:NCS) opened at 14.25 on Friday. NCI Building Systems, Inc. has a 52 week low of $13.05 and a 52 week high of $18.60. The firm’s 50-day moving average is $16.49 and its 200-day moving average is $16.79. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.63 and a beta of 1.53.

NCI Building Systems (NYSE:NCS) last issued its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The business had revenue of $469.40 million during the quarter, compared to analyst estimates of $495.21 million. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that NCI Building Systems, Inc. will post $0.80 EPS for the current fiscal year.

NCI Building Systems Profile

NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.

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

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