NCI Building Systems (NCS) Shares Up 6.4% on Insider Buying Activity

NCI Building Systems Inc (NYSE:NCS) shot up 6.4% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $6.64 and last traded at $6.62. 1,415,761 shares changed hands during trading, an increase of 66% from the average session volume of 853,477 shares. The stock had previously closed at $6.22.

Specifically, Director Gary L. Forbes acquired 4,750 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were bought at an average cost of $8.06 per share, with a total value of $38,285.00. Following the completion of the transaction, the director now directly owns 84,661 shares of the company’s stock, valued at $682,367.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James S. Metcalf acquired 100,000 shares of the company’s stock in a transaction dated Monday, December 24th. The stock was bought at an average cost of $7.09 per share, for a total transaction of $709,000.00. Following the completion of the transaction, the chairman now directly owns 191,512 shares of the company’s stock, valued at $1,357,820.08. The disclosure for this purchase can be found here. Insiders bought 139,750 shares of company stock worth $990,765 over the last three months. Insiders own 1.54% of the company’s stock.

Several brokerages have recently weighed in on NCS. Citigroup dropped their price objective on shares of NCI Building Systems from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, December 3rd. They noted that the move was a valuation call. DA Davidson lowered shares of NCI Building Systems from a “neutral” rating to an “underperform” rating and set a $4.00 price objective on the stock. in a research report on Tuesday, February 19th. Seaport Global Securities reissued a “buy” rating and issued a $10.00 price objective on shares of NCI Building Systems in a research report on Monday, December 24th. They noted that the move was a valuation call. Zacks Investment Research reissued a “strong sell” rating on shares of NCI Building Systems in a research report on Monday, December 31st. Finally, UBS Group downgraded shares of NCI Building Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $8.00 in a research note on Thursday, January 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. NCI Building Systems has a consensus rating of “Hold” and an average price target of $9.83.

The company has a current ratio of 1.76, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. The company has a market cap of $830.68 million, a P/E ratio of 4.52, a PEG ratio of 0.61 and a beta of 1.90.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Wednesday, December 19th. The construction company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. NCI Building Systems had a net margin of 3.15% and a return on equity of 33.27%. The business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $562.78 million. During the same period in the prior year, the company posted $0.32 earnings per share. NCI Building Systems’s revenue was up 17.4% compared to the same quarter last year. Equities research analysts forecast that NCI Building Systems Inc will post 1.02 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Golden Gate Private Equity Inc. acquired a new position in shares of NCI Building Systems in the fourth quarter valued at about $121,361,000. BlackRock Inc. grew its stake in NCI Building Systems by 3.1% during the fourth quarter. BlackRock Inc. now owns 3,117,966 shares of the construction company’s stock worth $22,604,000 after buying an additional 92,543 shares in the last quarter. Renaissance Technologies LLC grew its stake in NCI Building Systems by 3.8% during the third quarter. Renaissance Technologies LLC now owns 2,858,087 shares of the construction company’s stock worth $43,300,000 after buying an additional 105,087 shares in the last quarter. Vanguard Group Inc. grew its stake in NCI Building Systems by 4.4% during the third quarter. Vanguard Group Inc. now owns 2,076,374 shares of the construction company’s stock worth $31,457,000 after buying an additional 87,714 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in NCI Building Systems by 4.4% during the third quarter. Vanguard Group Inc now owns 2,076,374 shares of the construction company’s stock worth $31,457,000 after buying an additional 87,714 shares in the last quarter. Institutional investors and hedge funds own 81.07% of the company’s stock.

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About NCI Building Systems (NYSE:NCS)

NCI Building Systems, Inc designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates in four segments: Engineered Building Systems, Metal Components, Insulated Metal Panels, 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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