Insider Buying: NCI Building Systems Inc (NCS) Director Purchases 12,000 Shares of Stock

NCI Building Systems Inc (NYSE:NCS) Director George Martinez purchased 12,000 shares of the stock in a transaction on Friday, February 22nd. The shares were acquired at an average price of $7.07 per share, for a total transaction of $84,840.00. Following the transaction, the director now directly owns 67,733 shares of the company’s stock, valued at approximately $478,872.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

George Martinez also recently made the following trade(s):

  • On Tuesday, March 12th, George Martinez purchased 8,000 shares of NCI Building Systems stock. The stock was bought at an average cost of $6.33 per share, with a total value of $50,640.00.

NYSE NCS traded down $0.03 during trading on Monday, reaching $6.65. 931,622 shares of the company’s stock were exchanged, compared to its average volume of 868,448. The company has a market capitalization of $838.18 million, a price-to-earnings ratio of 4.59, a price-to-earnings-growth ratio of 0.61 and a beta of 1.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.76 and a quick ratio of 1.00. NCI Building Systems Inc has a 1 year low of $6.14 and a 1 year high of $23.35.

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

Hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc increased its position in NCI Building Systems by 276.9% in the 4th quarter. NumerixS Investment Technologies Inc now owns 4,900 shares of the construction company’s stock valued at $36,000 after acquiring an additional 3,600 shares during the period. Nomura Holdings Inc. acquired a new position in NCI Building Systems in the 4th quarter valued at about $44,000. Signition LP acquired a new position in NCI Building Systems in the 4th quarter valued at about $76,000. Cipher Capital LP acquired a new position in NCI Building Systems in the 4th quarter valued at about $92,000. Finally, Metropolitan Life Insurance Co. NY increased its position in NCI Building Systems by 355.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,804 shares of the construction company’s stock valued at $100,000 after acquiring an additional 10,775 shares during the period. Hedge funds and other institutional investors own 81.07% of the company’s stock.

Several equities research analysts have issued reports on the company. UBS Group cut NCI Building Systems from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $8.00 in a research note on Thursday, January 17th. DA Davidson set a $8.00 target price on NCI Building Systems and gave the stock a “hold” rating in a research note on Sunday, December 23rd. Citigroup dropped their price objective on NCI Building Systems from $14.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, January 4th. Barclays set a $9.00 price objective on NCI Building Systems and gave the company a “hold” rating in a research note on Friday, February 15th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of NCI Building Systems in a research note on Monday, December 24th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. NCI Building Systems presently has an average rating of “Hold” and an average price target of $7.80.

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About NCI Building Systems

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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