NCI Building Systems, Inc. (NYSE:NCS)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, October 18th. They presently have a $16.00 price objective on the construction company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 2.89% from the company’s current price.
A number of other equities research analysts have also commented on NCS. Barclays PLC reissued a “buy” rating and issued a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.33.
NCI Building Systems (NCS) traded down 1.58% on Wednesday, reaching $15.55. 346,892 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $15.18 and a 200-day moving average of $16.59. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.73 and a beta of 1.55. NCI Building Systems has a 12 month low of $13.05 and a 12 month high of $18.60.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, September 6th. The construction company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). The business had revenue of $469.40 million for the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, equities analysts expect that NCI Building Systems will post $0.77 earnings per share for the current year.
NCI Building Systems declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
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In related news, Director James S. Metcalf purchased 30,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were acquired at an average cost of $13.42 per share, with a total value of $402,600.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $402,600. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Todd R. Moore sold 6,000 shares of NCI Building Systems stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the transaction, the executive vice president now directly owns 82,458 shares in the company, valued at $1,133,797.50. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCS. Parametric Portfolio Associates LLC boosted its position in shares of NCI Building Systems by 28.8% during the first quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after purchasing an additional 3,082 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of NCI Building Systems by 548.6% during the first quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock valued at $5,356,000 after purchasing an additional 264,200 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of NCI Building Systems by 22.3% during the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after purchasing an additional 1,203 shares in the last quarter. American International Group Inc. boosted its position in shares of NCI Building Systems by 7.0% during the first quarter. American International Group Inc. now owns 16,745 shares of the construction company’s stock valued at $287,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in NCI Building Systems by 7.4% in the first quarter. Teachers Advisors LLC now owns 115,216 shares of the construction company’s stock worth $1,976,000 after acquiring an additional 7,978 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.
NCI Building Systems Company Profile
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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