True Bearing Asset Management Lp Lowers stake in NCI Building Systems Inc (NCS)

NCI Building Systems Inc (NCS) : True Bearing Asset Management Lp reduced its stake in NCI Building Systems Inc by 35.67% during the most recent quarter end. The investment management company now holds a total of 60,821 shares of NCI Building Systems Inc which is valued at $1,046,121 after selling 33,727 shares in NCI Building Systems Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NCI Building Systems Inc makes up approximately 2.52% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors reduced its stake in NCS by selling 26,000 shares or 54.4% in the most recent quarter. The Hedge Fund company now holds 21,792 shares of NCS which is valued at $374,822. NCI Building Systems Inc makes up approx 0.02% of A.r.t. Advisors’s portfolio. University Of Notre Dame Du Lac added NCS to its portfolio by purchasing 125,832 company shares during the most recent quarter which is valued at $2,164,310. NCI Building Systems Inc makes up approx 1.90% of University Of Notre Dame Du Lac’s portfolio.Geode Capital Management boosted its stake in NCS in the latest quarter, The investment management firm added 88,800 additional shares and now holds a total of 270,157 shares of NCI Building Systems Inc which is valued at $4,646,700.Teacher Retirement System Of Texas boosted its stake in NCS in the latest quarter, The investment management firm added 502 additional shares and now holds a total of 4,150 shares of NCI Building Systems Inc which is valued at $72,542. Acadian Asset Management added NCS to its portfolio by purchasing 8,144 company shares during the most recent quarter which is valued at $132,340.

NCI Building Systems Inc opened for trading at $15.34 and hit $15.43 on the upside on Thursday, eventually ending the session at $15.18, with a gain of 0.26% or 0.04 points. The heightened volatility saw the trading volume jump to 11,60,098 shares. Company has a market cap of $1,109 M.

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. 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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