NCI Building Systems Inc (NYSE:NCS) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $6.67.
A number of analysts have issued reports on the company. Barclays reaffirmed a “hold” rating on shares of NCI Building Systems in a research note on Sunday, May 12th. Seaport Global Securities reaffirmed a “buy” rating on shares of NCI Building Systems in a research note on Sunday, May 12th. Finally, DA Davidson downgraded NCI Building Systems from a “neutral” rating to an “underperform” rating and set a $4.00 price objective on the stock. in a research note on Tuesday, February 19th.
NYSE:NCS traded down $0.19 during trading hours on Thursday, reaching $6.08. The stock had a trading volume of 707,396 shares, compared to its average volume of 813,832. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.72 and a quick ratio of 0.99. NCI Building Systems has a 52 week low of $5.39 and a 52 week high of $23.35. The company has a market cap of $763.13 million, a price-to-earnings ratio of 4.19, a PEG ratio of 0.68 and a beta of 1.82.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Wednesday, May 8th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.30). NCI Building Systems had a return on equity of 33.27% and a net margin of 3.15%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was up 152.7% compared to the same quarter last year. As a group, analysts anticipate that NCI Building Systems will post 0.9 EPS for the current year.
In other news, Director George L. Ball acquired 23,261 shares of NCI Building Systems stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $6.00 per share, with a total value of $139,566.00. Following the purchase, the director now directly owns 159,338 shares in the company, valued at approximately $956,028. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman James S. Metcalf acquired 96,348 shares of NCI Building Systems stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $6.02 per share, for a total transaction of $580,014.96. Following the purchase, the chairman now owns 387,860 shares in the company, valued at $2,334,917.20. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 153,000 shares of company stock worth $935,642. Corporate insiders own 1.54% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCS. Golden Gate Private Equity Inc. bought a new position in shares of NCI Building Systems during the 4th quarter valued at approximately $121,361,000. LSV Asset Management increased its position in shares of NCI Building Systems by 232.3% during the 4th quarter. LSV Asset Management now owns 1,692,173 shares of the construction company’s stock valued at $12,268,000 after purchasing an additional 1,183,003 shares during the last quarter. DNB Asset Management AS increased its position in shares of NCI Building Systems by 188.1% during the 1st quarter. DNB Asset Management AS now owns 1,375,973 shares of the construction company’s stock valued at $8,476,000 after purchasing an additional 898,363 shares during the last quarter. Deutsche Bank AG increased its position in shares of NCI Building Systems by 475.1% during the 4th quarter. Deutsche Bank AG now owns 813,491 shares of the construction company’s stock valued at $5,896,000 after purchasing an additional 672,034 shares during the last quarter. Finally, Norges Bank bought a new position in shares of NCI Building Systems during the 4th quarter valued at approximately $4,710,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.
NCI Building Systems Company Profile
NCI Building Systems, Inc designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates in four segments: Engineered Building Systems, Metal Components, Insulated Metal Panels, 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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