Rutabaga Capital Managementma Lowers stake in NCI Building Systems Inc (NCS)

NCI Building Systems Inc (NCS) : Rutabaga Capital Managementma reduced its stake in NCI Building Systems Inc by 29.8% during the most recent quarter end. The investment management company now holds a total of 1,120,323 shares of NCI Building Systems Inc which is valued at $18,709,394 after selling 475,650 shares in NCI Building Systems Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.NCI Building Systems Inc makes up approximately 3.24% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in NCS in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 40,100 shares of NCI Building Systems Inc which is valued at $669,670.Kalmar Investments Inc De boosted its stake in NCS in the latest quarter, The investment management firm added 44,755 additional shares and now holds a total of 359,276 shares of NCI Building Systems Inc which is valued at $5,827,457. NCI Building Systems Inc makes up approx 0.25% of Kalmar Investments Inc De’s portfolio. Bnp Paribas Arbitrage Sa added NCS to its portfolio by purchasing 1,057 company shares during the most recent quarter which is valued at $17,324.

NCI Building Systems Inc opened for trading at $17.17 and hit $17.49 on the upside on Monday, eventually ending the session at $17.48, with a gain of 2.04% or 0.35 points. The heightened volatility saw the trading volume jump to 7,29,822 shares. Company has a market cap of $1,277 M.

On the company’s financial health, NCI Building Systems Inc reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 31, 2016. Analyst had a consensus of $0.01. The company had revenue of $372.20 million for the quarter, compared to analysts expectations of $363.57 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on NCI Building Systems Inc. Company shares were Reiterated by FBR Capital on Jun 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .FBR Capital Initiated NCI Building Systems Inc on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $17.DA Davidson Downgraded NCI Building Systems Inc on May 19, 2016 to ” Neutral”, Price Target of the shares are set at $16.

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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