Penn Capital Management Co Inc Lowers stake in NCI Building Systems Inc (NCS)

NCI Building Systems Inc (NCS) : Penn Capital Management Co Inc reduced its stake in NCI Building Systems Inc by 9.85% during the most recent quarter end. The investment management company now holds a total of 1,581,639 shares of NCI Building Systems Inc which is valued at $24.2 Million after selling 172,846 shares in NCI Building Systems Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.NCI Building Systems Inc makes up approximately 1.39% of Penn Capital Management Co Inc’s portfolio.

Other Hedge Funds, Including , Primecap Management Coca boosted its stake in NCS in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 605,000 shares of NCI Building Systems Inc which is valued at $9.3 Million. NCI Building Systems Inc makes up approx 0.01% of Primecap Management Coca’s portfolio.Airain Ltd reduced its stake in NCS by selling 13,062 shares or 26.55% in the most recent quarter. The Hedge Fund company now holds 36,127 shares of NCS which is valued at $552,743. NCI Building Systems Inc makes up approx 0.04% of Airain Ltd’s portfolio.Teachers Advisors Inc reduced its stake in NCS by selling 478 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 49,392 shares of NCS which is valued at $735,447.Swiss National Bank boosted its stake in NCS in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 50,400 shares of NCI Building Systems Inc which is valued at $750,456. Stoneridge Investment Partners sold out all of its stake in NCS during the most recent quarter. The investment firm sold 235,814 shares of NCS which is valued $3.5 Million.

NCI Building Systems Inc opened for trading at $14.55 and hit $15.26 on the upside on Friday, eventually ending the session at $15.2, with a gain of 4.68% or 0.68 points. The heightened volatility saw the trading volume jump to 3,04,570 shares. Company has a market cap of $1,108 M.

On the company’s financial health, NCI Building Systems Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $0.02. The company had revenue of $370.00 million for the quarter, compared to analysts expectations of $363.64 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on NCI Building Systems Inc. DA Davidson Downgraded NCI Building Systems Inc on May 19, 2016 to ” Neutral”, Price Target of the shares are set at $16.Company shares were Reiterated by FBR Capital on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $11 .

NCI Building Systems Inc. is a manufacturer and marketer of metal products for the nonresidential construction industry. The Company provides metal coil coating services for commercial and construction applications servicing customers. The Company design engineers manufactures and markets metal components and engineered building systems in the industry. The Company operates in three segments 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.

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