NCI Building Systems’ (NCS) “Hold” Rating Reiterated at Stephens

Stephens reissued their hold rating on shares of NCI Building Systems (NYSE:NCS) in a research note published on Thursday, March 15th. They currently have a $20.00 price target on the construction company’s stock.

A number of other research analysts have also weighed in on NCS. DA Davidson reissued a hold rating and issued a $18.00 price objective on shares of NCI Building Systems in a report on Friday, December 8th. Royal Bank of Canada reissued a buy rating and issued a $22.00 price objective on shares of NCI Building Systems in a report on Friday, December 8th. Barclays set a $21.00 target price on NCI Building Systems and gave the stock a buy rating in a report on Friday, December 8th. Zacks Investment Research raised NCI Building Systems from a hold rating to a buy rating and set a $21.00 target price on the stock in a report on Tuesday, December 26th. Finally, TheStreet raised NCI Building Systems from a c+ rating to a b- rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. NCI Building Systems presently has a consensus rating of Hold and an average target price of $20.00.

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NCS opened at $17.35 on Thursday. 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 $1,170.73, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 0.86.

NCI Building Systems (NYSE:NCS) last issued its earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. NCI Building Systems had a return on equity of 21.00% and a net margin of 3.21%. The business had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.81 million. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts forecast that NCI Building Systems will post 1.23 earnings per share for the current fiscal year.

NCI Building Systems declared that its Board of Directors has approved a share buyback program on Wednesday, March 7th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in NCI Building Systems by 32.1% during the second quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock worth $1,183,000 after buying an additional 17,200 shares in the last quarter. KBC Group NV acquired a new stake in NCI Building Systems during the third quarter worth $313,000. Bank of New York Mellon Corp increased its stake in NCI Building Systems by 14.1% during the third quarter. Bank of New York Mellon Corp now owns 222,424 shares of the construction company’s stock worth $3,470,000 after acquiring an additional 27,446 shares during the last quarter. Koch Industries Inc. acquired a new stake in NCI Building Systems during the fourth quarter worth $707,000. Finally, Deutsche Bank AG grew its stake in shares of NCI Building Systems by 325.2% in the fourth quarter. Deutsche Bank AG now owns 596,315 shares of the construction company’s stock valued at $11,507,000 after buying an additional 456,068 shares in the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s stock.

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About NCI Building Systems

NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.

Analyst Recommendations for NCI Building Systems (NYSE:NCS)

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