NCI Building Systems (NYSE:NCS) Stock Rating Reaffirmed by Royal Bank of Canada

NCI Building Systems (NYSE:NCS)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank of Canada in a research report issued on Friday, December 8th. They presently have a $22.00 target price on the construction company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.53% from the stock’s previous close.

A number of other brokerages have also issued reports on NCS. Barclays reiterated a “buy” rating and set a $16.00 price target (down previously from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.40.

Shares of NCI Building Systems (NYSE NCS) traded up $0.25 on Friday, hitting $19.55. The stock had a trading volume of 615,037 shares, compared to its average volume of 552,000. NCI Building Systems has a one year low of $13.05 and a one year high of $21.20. The firm has a market cap of $1,291.15, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.68. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 1.27.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings data 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 net margin of 3.08% and a return on equity of 18.76%. The company had revenue of $488.73 million for the quarter, compared to analyst estimates of $477.13 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter 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 year.

NCI Building Systems declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

In related news, EVP Katy Theroux sold 5,200 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $19.56, for a total transaction of $101,712.00. Following the completion of the transaction, the executive vice president now owns 53,051 shares of the company’s stock, valued at approximately $1,037,677.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The disclosure for this sale can be found here. Insiders sold 7,207,941 shares of company stock worth $139,551,809 in the last 90 days. Corporate insiders own 1.78% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in NCI Building Systems by 17.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock valued at $28,324,000 after acquiring an additional 270,357 shares in the last quarter. Royce & Associates LP raised its holdings in NCI Building Systems by 7.8% in the 2nd quarter. Royce & Associates LP now owns 1,448,241 shares of the construction company’s stock valued at $24,186,000 after acquiring an additional 104,532 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in NCI Building Systems by 1.8% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,372,377 shares of the construction company’s stock valued at $21,409,000 after acquiring an additional 24,416 shares in the last quarter. Royal Bank of Canada raised its holdings in NCI Building Systems by 83.5% in the 2nd quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock valued at $18,586,000 after acquiring an additional 506,499 shares in the last quarter. Finally, Investment Counselors of Maryland LLC acquired a new position in NCI Building Systems in the 3rd quarter valued at approximately $12,225,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

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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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