Algert Global buys $2,079,581 stake in NCI Building Systems Inc (NCS)

NCI Building Systems Inc (NCS) : Algert Global scooped up 73,548 additional shares in NCI Building Systems Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 142,145 shares of NCI Building Systems Inc which is valued at $2,079,581.NCI Building Systems Inc makes up approximately 0.61% of Algert Global’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in NCS by selling 412 shares or 9.9% in the most recent quarter. The Hedge Fund company now holds 3,748 shares of NCS which is valued at $54,833.Cutler Group Lp boosted its stake in NCS in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 1,600 shares of NCI Building Systems Inc which is valued at $23,664.Bnp Paribas Arbitrage Sa boosted its stake in NCS in the latest quarter, The investment management firm added 868 additional shares and now holds a total of 1,925 shares of NCI Building Systems Inc which is valued at $28,721.

NCI Building Systems Inc closed down -0.16 points or -1.08% at $14.63 with 4,09,229 shares getting traded on Tuesday. Post opening the session at $14.78, the shares hit an intraday low of $14.4811 and an intraday high of $14.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, NCI Building Systems Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.29. The company had revenue of $462.40 million for the quarter, compared to analysts expectations of $462.20 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on NCI Building Systems Inc. NCI Building Systems Inc was Resumed by Citigroup to “Neutral” on Oct 12, 2016.

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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