NCI Building Systems, Inc. (NCS) Given Average Rating of “Hold” by Analysts

NCI Building Systems, Inc. (NYSE:NCS) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.33.

A number of equities research analysts have recently weighed in on NCS shares. Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a research note on Tuesday, July 18th. BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th.

In other news, EVP Todd R. Moore sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total transaction of $82,500.00. Following the transaction, the executive vice president now owns 82,458 shares of the company’s stock, valued at approximately $1,133,797.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Norman C. Chambers sold 45,000 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $17.74, for a total value of $798,300.00. Following the transaction, the insider now directly owns 476,403 shares in the company, valued at approximately $8,451,389.22. The disclosure for this sale can be found here. 1.78% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NCS. Parametric Portfolio Associates LLC increased its holdings in shares of NCI Building Systems by 28.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after acquiring an additional 3,082 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of NCI Building Systems by 548.6% during the 1st quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock valued at $5,356,000 after acquiring an additional 264,200 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of NCI Building Systems by 22.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after acquiring an additional 1,203 shares during the last quarter. American International Group Inc. increased its holdings in shares of NCI Building Systems by 7.0% during the 1st quarter. American International Group Inc. now owns 16,745 shares of the construction company’s stock valued at $287,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of NCI Building Systems by 7.4% during the 1st quarter. Teachers Advisors LLC now owns 115,216 shares of the construction company’s stock valued at $1,976,000 after acquiring an additional 7,978 shares during the last quarter. 92.58% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NCI Building Systems (NYSE NCS) traded up 1.96% during mid-day trading on Wednesday, hitting $15.60. The stock had a trading volume of 350,512 shares. NCI Building Systems has a one year low of $13.05 and a one year high of $18.60. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 19.80 and a beta of 1.55. The company has a 50-day moving average of $15.26 and a 200 day moving average of $16.64.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $495.21 million. During the same period last year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that NCI Building Systems will post $0.80 earnings per share for the current year.

NCI Building Systems announced that its board has authorized a share buyback program on Tuesday, October 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About NCI Building Systems

NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.

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