NCI Building Systems (NCS) Given a $23.00 Price Target by Barclays Analysts

NCI Building Systems (NYSE:NCS) has been assigned a $23.00 target price by equities researchers at Barclays in a research report issued on Sunday, January 7th. The brokerage presently has a “buy” rating on the construction company’s stock. Barclays’ price target would indicate a potential upside of 24.66% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of NCI Building Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, December 26th. Royal Bank of Canada reissued a “buy” rating and set a $22.00 price objective on shares of NCI Building Systems in a research note on Friday, December 8th. Finally, DA Davidson reissued a “hold” rating and set a $18.00 price objective on shares of NCI Building Systems in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Shares of NCI Building Systems (NCS) opened at $18.45 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1,240.97, a PE ratio of 23.96, a PEG ratio of 1.70 and a beta of 1.68. NCI Building Systems has a 12 month low of $13.05 and a 12 month high of $21.20.

NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The firm had revenue of $488.73 million during the quarter, compared to analyst estimates of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. NCI Building Systems’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. research analysts expect that NCI Building Systems will post 1.09 EPS for the current fiscal year.

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

In related news, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of NCI Building Systems 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Bradley Scott Little sold 2,750 shares of NCI Building Systems stock in a transaction on Friday, January 5th. The shares were sold at an average price of $19.48, for a total transaction of $53,570.00. Following the transaction, the vice president now owns 28,663 shares in the company, valued at approximately $558,355.24. The disclosure for this sale can be found here. Insiders sold a total of 7,296,115 shares of company stock valued at $141,263,459 over the last ninety days. 1.78% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in NCI Building Systems in the 2nd quarter worth $878,000. Schwab Charles Investment Management Inc. lifted its holdings in NCI Building Systems by 17.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 193,464 shares of the construction company’s stock worth $3,231,000 after buying an additional 28,607 shares in the last quarter. First Trust Advisors LP lifted its holdings in NCI Building Systems by 2.2% in the 2nd quarter. First Trust Advisors LP now owns 130,668 shares of the construction company’s stock worth $2,182,000 after buying an additional 2,821 shares in the last quarter. Rhumbline Advisers lifted its holdings in NCI Building Systems by 39.6% in the 2nd quarter. Rhumbline Advisers now owns 43,337 shares of the construction company’s stock worth $724,000 after buying an additional 12,295 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in NCI Building Systems by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,978 shares of the construction company’s stock worth $3,256,000 after buying an additional 19,825 shares in the last quarter. Institutional investors and hedge funds own 95.10% 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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