Insider Selling at NCI Building Systems (NCS) is Significant

Thursday, December 14, 2017 10:15 PM ET

Insider Selling at NCI Building Systems (NCS) is Significant

One insider — CD&R Associates VIII Ltd, 10% Owner — today, sold 7,150,000 shares of NCI Building Systems having a market value of approximately $138,424,000, as revealed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

NCI Building Systems level of buy-sell trading activity is close to the 41 member peer company average. The Construction & Engineering peer group saw 24 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares per buy/sell trade transacted by NCI Building Systems insiders is higher. Within the peer group there were 3,500 shares purchased and 746,403 shares sold with company insiders having sold 30,954 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in evaluating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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