Janus Henderson Group PLC Buys New Holdings in NCI Building Systems Inc (NCS)

Janus Henderson Group PLC bought a new position in NCI Building Systems Inc (NYSE:NCS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,407 shares of the construction company’s stock, valued at approximately $64,000.

Several other institutional investors have also bought and sold shares of the business. Dupont Capital Management Corp lifted its position in shares of NCI Building Systems by 284.6% in the first quarter. Dupont Capital Management Corp now owns 139,252 shares of the construction company’s stock valued at $858,000 after acquiring an additional 103,047 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NCI Building Systems by 130.5% in the first quarter. Assenagon Asset Management S.A. now owns 875,785 shares of the construction company’s stock valued at $5,395,000 after acquiring an additional 495,761 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of NCI Building Systems by 1,100.7% in the first quarter. BNP Paribas Arbitrage SA now owns 8,993 shares of the construction company’s stock valued at $55,000 after acquiring an additional 8,244 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of NCI Building Systems in the first quarter valued at about $62,000. Finally, Strs Ohio purchased a new position in shares of NCI Building Systems in the first quarter valued at about $610,000. 93.67% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Todd R. Moore sold 16,000 shares of NCI Building Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $6.31, for a total value of $100,960.00. Following the sale, the executive vice president now directly owns 138,774 shares of the company’s stock, valued at $875,663.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary L. Forbes bought 8,000 shares of NCI Building Systems stock in a transaction dated Wednesday, March 27th. The stock was purchased at an average cost of $5.97 per share, for a total transaction of $47,760.00. Following the completion of the acquisition, the director now directly owns 92,661 shares of the company’s stock, valued at approximately $553,186.17. The disclosure for this purchase can be found here. Insiders bought 141,000 shares of company stock worth $850,802 over the last ninety days. Insiders own 1.54% of the company’s stock.

Shares of NCS stock opened at $5.62 on Friday. NCI Building Systems Inc has a 12-month low of $5.39 and a 12-month high of $23.35. The company has a current ratio of 1.72, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. The stock has a market capitalization of $705.39 million, a PE ratio of 3.88, a PEG ratio of 0.68 and a beta of 1.82.

NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, May 8th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.30). NCI Building Systems had a return on equity of 33.27% and a net margin of 3.15%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 152.7% compared to the same quarter last year.

NCS has been the topic of several research analyst reports. Barclays set a $9.00 price objective on NCI Building Systems and gave the company a “hold” rating in a research report on Friday, February 15th. Seaport Global Securities restated a “buy” rating on shares of NCI Building Systems in a research report on Sunday, May 12th. Finally, DA Davidson downgraded 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. Three equities 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 stock. The stock presently has an average rating of “Hold” and an average target price of $7.80.

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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.

Further Reading: Diversification in Your Portfolio

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

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