Zelman Capital Llc increased its stake in Nci Building Systems Inc(Nys) (NCS) by 40.67% based on its latest 2016Q3 regulatory filing with the SEC. Zelman Capital Llc bought 278,539 shares as the company’s stock declined 10.38% while stock markets rallied. The institutional investor held 963,446 shares of the capital goods company at the end of 2016Q3, valued at $14.06 million, up from 684,907 at the end of the previous reported quarter. Zelman Capital Llc who had been investing in Nci Building Systems Inc(Nys) for a number of months, seems to be bullish on the $1.17B market cap company. The stock is up 0.47% or $0.07 after the positive news, hitting $16.02 per share. About 241,831 shares traded hands. NCI Building Systems Inc (NYSE:NCS) has declined 2.21% since June 7, 2016 and is downtrending. It has underperformed by 9.63% the S&P500.
Zelman Capital Llc, which manages about $513.75 million US Long portfolio, decreased its stake in Masonite International Corp(Nys) (NYSE:DOOR) by 78,881 shares to 135,229 shares, valued at $8.41 million in 2016Q3, according to the filing. It also reduced its holding in Headwaters Inc(Nys) (NYSE:HW) by 568,259 shares in the quarter, leaving it with 872,035 shares, and cut its stake in Continental Building Product(Nys) (NYSE:CBPX).
Insitutional Activity: The institutional sentiment increased to 1.85 in Q3 2016. Its up 0.30, from 1.55 in 2016Q2. The ratio improved, as 20 funds sold all NCS shares owned while 35 reduced positions. 38 funds bought stakes while 64 increased positions. They now own 62.83 million shares or 7.12% less from 67.65 million shares in 2016Q2. Moreover, Financial Bank Of America Corp De has 0% invested in NCI Building Systems Inc (NYSE:NCS) for 144,348 shares. Parametric Port Associate holds 0% of its portfolio in NCI Building Systems Inc (NYSE:NCS) for 12,723 shares. Globeflex Lp has 54,039 shares for 0.2% of their US portfolio. Prescott Gp Capital Limited Liability Co holds 0.94% of its portfolio in NCI Building Systems Inc (NYSE:NCS) for 302,483 shares. Prudential Fincl Inc has 237,259 shares for 0.01% of their US portfolio. Blackrock Japan holds 0% or 1,917 shares in its portfolio. Rbf Capital Limited Liability Company last reported 0.62% of its portfolio in the stock. Nationwide Fund Advsrs holds 63,857 shares or 0% of its portfolio. Ahl Ptnrs Llp accumulated 0.01% or 16,275 shares. Susquehanna Llp, a Pennsylvania-based fund reported 27,866 shares. Cetera Advsr Limited Co owns 17,246 shares or 0.02% of their US portfolio. Great West Life Assurance Can reported 4,349 shares or 0% of all its holdings. Sei Co last reported 0.01% of its portfolio in the stock. Princeton Alpha Mngmt Limited Partnership holds 0.13% of its portfolio in NCI Building Systems Inc (NYSE:NCS) for 47,081 shares. Marshall Wace Llp last reported 133,154 shares in the company.
Insider Transactions: Since July 12, 2016, the stock had 1 buying transaction, and 9 insider sales for $211.24 million net activity. Ronchetto Robert Daniel sold $153,558 worth of stock. 4,500 NCI Building Systems Inc (NYSE:NCS) shares with value of $68,175 were bought by Ball George L.. $319,890 worth of NCI Building Systems Inc (NYSE:NCS) was sold by CHAMBERS NORMAN C on Tuesday, December 6. 5,323 shares were sold by MOORE TODD R, worth $79,336 on Wednesday, October 5. The insider Johnson Mark E sold 16,424 shares worth $279,582. CD&R Associates VIII – Ltd. also sold $205.05 million worth of NCI Building Systems Inc (NYSE:NCS) on Monday, July 25.
More notable recent NCI Building Systems Inc (NYSE:NCS) news were published by: Prnewswire.com which released: “NCI Building Systems Announces Fourth Quarter and Fiscal Year End 2016 …” on November 28, 2016, also Prnewswire.com with their article: “NCI Building Systems Completes Acquisition of CENTRIA” published on January 16, 2015, Prnewswire.com published: “NCI Building Systems Names Donald P. Riley President” on January 08, 2016. More interesting news about NCI Building Systems Inc (NYSE:NCS) were released by: Moodys.com and their article: “Moody’s changes NCI Building Systems, Inc.’s outlook to stable from negative …” published on January 08, 2016 as well as Prnewswire.com‘s news article titled: “NCI Building Systems Announces Pricing of Sale of 9000000 Shares of Common …” with publication date: July 19, 2016.
According to Zacks Investment Research, “NCI Building Systems, Inc. is an integrated manufacturers of metal products for the building industry. They operate manufacturing and distribution facilities and sell metal building components and engineered building systems, offering extensive metal product lines in the building industry with well-recognized brand names.”
NCI Building Systems Inc (NYSE:NCS) Ratings Coverage
Out of 10 analysts covering NCI Building Systems (NYSE:NCS), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. NCI Building Systems has been the topic of 13 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by BB&T Capital given on Friday, September 4. The rating was reinitiated by Citigroup on Wednesday, October 12 with “Neutral”. The company was upgraded on Wednesday, August 12 by Zacks. UBS maintained the shares of NCS in a report on Thursday, September 3 with “Buy” rating. The company was initiated on Tuesday, January 10 by Seaport Global. On Friday, January 6 the stock rating was initiated by Barclays Capital with “Overweight”. The firm has “Sector Perform” rating given on Friday, September 4 by RBC Capital Markets. FBR Capital maintained it with “Outperform” rating and $20.0 target price in Friday, September 4 report. The firm has “Outperform” rating given on Thursday, March 10 by Credit Suisse. DA Davidson downgraded the shares of NCS in a report on Thursday, May 19 to “Neutral” rating.
NCS Company Profile
NCI Building Systems, Inc., incorporated on December 23, 1991, is a maker and marketer of metal products for the nonresidential construction industry. The Firm provides metal coil coating services for commercial and construction applications, servicing customers. The Firm design, engineers, makes and markets metal components and engineered building systems in the industry. The Firm operates in three divisions, including metal coil coating, metal components and engineered building systems. 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. The metal components segment products include metal roof and wall panels, doors, metal partitions, metal trim, insulated panels and other related accessories. The engineered building systems segment includes the manufacturing of main frames, Long-Bay Systems and value-added engineering and drafting. The Firm consists of a family of companies operating 38 manufacturing facilities spanning the United States and Mexico.
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