NCI Building Systems Inc (NCS) Receives $20.80 Consensus Target Price from Analysts

NCI Building Systems Inc (NYSE:NCS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.80.

Several analysts have recently weighed in on the stock. DA Davidson reissued a “hold” rating and issued a $18.00 price target on shares of NCI Building Systems in a research note on Friday, December 8th. TheStreet raised shares of NCI Building Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 price target on shares of NCI Building Systems in a research note on Friday, December 8th. Citigroup dropped their price target on shares of NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Zacks Investment Research raised 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 research note on Tuesday, December 26th.

In other news, EVP Todd R. Moore sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $19.43, for a total value of $699,480.00. Following the transaction, the executive vice president now directly owns 85,735 shares in the company, valued at approximately $1,665,831.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was 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. Over the last 90 days, insiders sold 7,296,115 shares of company stock worth $141,263,459. Company insiders own 1.78% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in NCI Building Systems by 41.0% during the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after buying an additional 2,559 shares in the last quarter. Quantbot Technologies LP acquired a new stake in NCI Building Systems during the 2nd quarter worth approximately $160,000. First Quadrant L P CA acquired a new stake in NCI Building Systems during the 3rd quarter worth approximately $161,000. Victory Capital Management Inc. lifted its holdings in NCI Building Systems by 54.9% during the 3rd quarter. Victory Capital Management Inc. now owns 12,018 shares of the construction company’s stock worth $187,000 after buying an additional 4,261 shares in the last quarter. Finally, BB&T Securities LLC acquired a new stake in NCI Building Systems during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

NCI Building Systems (NYSE NCS) traded up $0.22 during trading on Friday, hitting $18.77. 348,330 shares of the stock traded hands, compared to its average volume of 476,322. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.06 and a current ratio of 1.69. The stock has a market cap of $1,240.97, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.68.

NCI Building Systems (NYSE:NCS) last posted its quarterly 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 net margin of 3.08% and a return on equity of 18.76%. The firm had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. During the same period last year, the company earned $0.28 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. research analysts forecast that NCI Building Systems will post 1.09 earnings per share for the current year.

NCI Building Systems declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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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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