NCI Building Systems (NYSE:NCS) has been assigned a $21.00 target price by investment analysts at Barclays in a research report issued on Friday, December 8th. The firm presently has a “buy” rating on the construction company’s stock. Barclays’ price objective would suggest a potential upside of 7.42% from the stock’s previous close.
NCS has been the topic of a number of other research reports. DA Davidson reissued a “hold” rating and issued a $18.00 price objective on shares of NCI Building Systems in a research note on Friday, December 8th. BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 target price on shares of NCI Building Systems in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. NCI Building Systems has an average rating of “Buy” and a consensus price target of $20.40.
NCI Building Systems (NYSE NCS) traded up $0.25 during trading hours on Friday, reaching $19.55. The company had a trading volume of 615,037 shares, compared to its average volume of 552,000. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 1.27. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20. The firm has a market cap of $1,291.15, a price-to-earnings ratio of 25.39, a P/E/G ratio of 1.80 and a beta of 1.68.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). NCI Building Systems had a return on equity of 18.76% and a net margin of 3.08%. The business had revenue of $488.73 million for the quarter, compared to analyst estimates of $477.13 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. sell-side analysts forecast that NCI Building Systems will post 1.07 EPS for the current fiscal year.
NCI Building Systems declared that its board has authorized a stock repurchase plan on Tuesday, October 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, EVP Todd R. Moore sold 36,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $19.43, for a total transaction of $699,480.00. Following the completion of the sale, the executive vice president now owns 85,735 shares in the company, valued at approximately $1,665,831.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Katy Theroux sold 5,200 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $19.56, for a total value of $101,712.00. Following the sale, the executive vice president now owns 53,051 shares of the company’s stock, valued at approximately $1,037,677.56. The disclosure for this sale can be found here. Insiders have sold 7,207,941 shares of company stock worth $139,551,809 over the last three months. 1.78% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of NCI Building Systems by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after purchasing an additional 1,163 shares during the last quarter. Legal & General Group Plc lifted its position in shares of 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 purchasing an additional 2,559 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of NCI Building Systems during the 2nd quarter worth about $160,000. First Quadrant L P CA acquired a new position in shares of NCI Building Systems during the 3rd quarter worth about $161,000. Finally, Airain ltd acquired a new position in shares of NCI Building Systems during the 2nd quarter worth about $202,000. 96.22% of the stock is owned by institutional investors and hedge funds.
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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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