Barclays set a $23.00 target price on NCI Building Systems (NYSE:NCS) in a research report report published on Sunday. The brokerage currently has a buy rating on the construction company’s stock.
NCS has been the topic of several other reports. Royal Bank of Canada reaffirmed a buy rating and set a $16.00 target price on shares of NCI Building Systems in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of NCI Building Systems from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Tuesday, December 26th. TheStreet upgraded shares of NCI Building Systems from a c+ rating to a b- rating in a report on Wednesday, December 27th. Finally, DA Davidson reiterated a hold rating and set a $18.00 price target on shares of NCI Building Systems in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $21.00.
Shares of NCI Building Systems (NCS) opened at $18.80 on Friday. NCI Building Systems has a 52 week low of $13.05 and a 52 week high of $21.20. The firm has a market cap of $1,280.00, a P/E ratio of 24.42, a P/E/G ratio of 1.82 and a beta of 1.68. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 1.27.
NCI Building Systems (NYSE:NCS) last announced its earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.10). NCI Building Systems had a return on equity of 18.76% and a net margin of 3.08%. The business had revenue of $488.73 million for the quarter, compared to analysts’ expectations of $477.13 million. During the same period in the previous year, the company earned $0.28 earnings per share. NCI Building Systems’s quarterly revenue was up 1.8% on a year-over-year basis. analysts predict that NCI Building Systems will post 1.07 earnings per share for the current year.
NCI Building Systems declared that its board has approved a stock repurchase program on Tuesday, October 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In other news, VP Bradley Scott Little sold 2,750 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $19.48, for a total value of $53,570.00. Following the completion of the transaction, the vice president now owns 28,663 shares in the company, valued at approximately $558,355.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $19.36, for a total transaction of $138,424,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,296,115 shares of company stock valued at $141,263,459 in the last quarter. 1.78% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of NCI Building Systems by 17.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock valued at $28,324,000 after buying an additional 270,357 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of NCI Building Systems by 1.8% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,372,377 shares of the construction company’s stock valued at $21,409,000 after buying an additional 24,416 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of NCI Building Systems by 83.5% in the 2nd quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock valued at $18,586,000 after buying an additional 506,499 shares in the last quarter. Investment Counselors of Maryland LLC acquired a new position in shares of NCI Building Systems in the 3rd quarter valued at $12,225,000. Finally, State Street Corp boosted its holdings in shares of NCI Building Systems by 26.2% in the 2nd quarter. State Street Corp now owns 757,520 shares of the construction company’s stock valued at $12,647,000 after buying an additional 157,145 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.
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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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