GSA Capital Partners LLP lowered its stake in shares of NCI Building Systems Inc (NYSE:NCS) by 76.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,645 shares of the construction company’s stock after selling 100,267 shares during the period. GSA Capital Partners LLP’s holdings in NCI Building Systems were worth $222,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Pentwater Capital Management LP bought a new position in shares of NCI Building Systems during the 3rd quarter worth about $152,000. Signition LP bought a new stake in NCI Building Systems in the fourth quarter valued at about $76,000. Trexquant Investment LP bought a new stake in NCI Building Systems in the third quarter valued at about $165,000. Quantbot Technologies LP bought a new stake in NCI Building Systems in the third quarter valued at about $185,000. Finally, Paloma Partners Management Co bought a new stake in NCI Building Systems in the third quarter valued at about $190,000. 94.62% of the stock is owned by institutional investors and hedge funds.
In other NCI Building Systems news, Director Gary L. Forbes acquired 4,750 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were acquired at an average cost of $8.06 per share, for a total transaction of $38,285.00. Following the completion of the acquisition, the director now directly owns 84,661 shares of the company’s stock, valued at approximately $682,367.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Todd R. Moore sold 8,400 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $6.08, for a total transaction of $51,072.00. Following the completion of the transaction, the executive vice president now owns 130,374 shares in the company, valued at $792,673.92. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 32,750 shares of company stock worth $221,525. Company insiders own 1.54% of the company’s stock.
A number of analysts recently weighed in on the stock. DA Davidson cut shares of NCI Building Systems from a “neutral” rating to an “underperform” rating and set a $4.00 target price on the stock. in a research note on Tuesday, February 19th. Seaport Global Securities reissued a “buy” rating and issued a $10.00 target price on shares of NCI Building Systems in a research note 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 note on Monday, December 31st. UBS Group cut shares of NCI Building Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $8.00 in a research note on Thursday, January 17th. Finally, Barclays set a $9.00 price target on shares of NCI Building Systems and gave the company a “hold” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. NCI Building Systems presently has an average rating of “Hold” and a consensus target price of $7.80.
NYSE:NCS traded down $0.19 on Monday, reaching $5.89. The stock had a trading volume of 617,000 shares, compared to its average volume of 816,083. The firm has a market cap of $762.92 million, a PE ratio of 4.06, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. NCI Building Systems Inc has a 1-year low of $5.80 and a 1-year high of $23.35. The company has a quick ratio of 1.00, a current ratio of 1.76 and a debt-to-equity ratio of 1.22.
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NCI Building Systems Profile
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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