NCI Building Systems Inc. (NCS) CEO Sells $637,595.00 in Stock
NCI Building Systems Inc. (NYSE:NCS) CEO Norman C. Chambers sold 36,434 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $17.50, for a total transaction of $637,595.00. Following the completion of the transaction, the chief executive officer now directly owns 495,500 shares of the company’s stock, valued at $8,671,250. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NCI Building Systems Inc. (NYSE:NCS) opened at 16.70 on Thursday. The company’s 50-day moving average is $15.36 and its 200 day moving average is $15.80. NCI Building Systems Inc. has a 1-year low of $9.07 and a 1-year high of $17.85. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 24.74 and a beta of 1.60.
A number of brokerages have recently issued reports on NCS. Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Citigroup Inc. restated a “neutral” rating and issued a $16.50 target price on shares of NCI Building Systems in a research note on Wednesday, October 12th. DA Davidson set a $17.00 target price on shares of NCI Building Systems and gave the company a “hold” rating in a research note on Wednesday, August 31st. Finally, TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.79.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Copper Rock Capital Partners LLC purchased a new position in NCI Building Systems during the third quarter worth about $23,572,000. Numeric Investors LLC raised its stake in NCI Building Systems by 122.9% in the second quarter. Numeric Investors LLC now owns 1,558,991 shares of the company’s stock valued at $24,928,000 after buying an additional 859,555 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in NCI Building Systems during the third quarter valued at about $20,085,000. Vanguard Group Inc. raised its stake in NCI Building Systems by 12.2% in the second quarter. Vanguard Group Inc. now owns 1,225,344 shares of the company’s stock valued at $19,593,000 after buying an additional 133,127 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in NCI Building Systems by 2,086.4% in the third quarter. Citadel Advisors LLC now owns 1,215,142 shares of the company’s stock valued at $17,729,000 after buying an additional 1,159,564 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.
NCI Building Systems Company Profile
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.
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