NCI Building Systems (NYSE:NCS) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 497,343 shares, a drop of 38.9% from the February 15th total of 813,672 shares. Based on an average trading volume of 314,447 shares, the short-interest ratio is presently 1.6 days. Approximately 1.7% of the shares of the company are sold short.
Shares of NYSE NCS traded down $0.50 during mid-day trading on Friday, hitting $17.35. 588,446 shares of the company traded hands, compared to its average volume of 616,211. The company has a market cap of $1,147.58, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.41 and a beta of 1.45. The company has a quick ratio of 0.86, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. NCI Building Systems has a 1 year low of $13.05 and a 1 year high of $21.20.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Tuesday, March 6th. The construction company reported $0.14 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $421.30 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. sell-side analysts expect that NCI Building Systems will post 1.23 EPS for the current fiscal year.
NCI Building Systems announced that its board has authorized a share buyback program on Wednesday, March 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in shares of NCI Building Systems by 325.2% during the 4th quarter. Deutsche Bank AG now owns 596,315 shares of the construction company’s stock valued at $11,507,000 after acquiring an additional 456,068 shares during the last quarter. KBC Group NV acquired a new position in shares of NCI Building Systems during the 3rd quarter valued at about $313,000. California State Teachers Retirement System increased its holdings in shares of NCI Building Systems by 32.1% during the 2nd quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock valued at $1,183,000 after acquiring an additional 17,200 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of NCI Building Systems during the 4th quarter valued at about $707,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of NCI Building Systems by 14.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 222,424 shares of the construction company’s stock valued at $3,470,000 after acquiring an additional 27,446 shares during the last quarter. 95.71% of the stock is owned by institutional investors.
Several brokerages recently weighed in on NCS. Zacks Investment Research downgraded shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. TheStreet upgraded NCI Building Systems from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. Barclays set a $21.00 price target on NCI Building Systems and gave the stock a “buy” rating in a report on Wednesday, March 7th. Citigroup decreased their price target on NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a research report on Thursday, March 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. NCI Building Systems presently has an average rating of “Hold” and a consensus target price of $20.00.
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NCI Building Systems Company Profile
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.
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