Citigroup Inc. Reaffirms Neutral Rating for NCI Building Systems Inc. (NCS)
NCI Building Systems Inc. (NYSE:NCS)‘s stock had its “neutral” rating reissued by investment analysts at Citigroup Inc. in a research note issued on Wednesday. They presently have a $16.50 price objective on the stock. Citigroup Inc.’s target price would suggest a potential upside of 12.78% from the company’s current price.
Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, August 25th. TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Credit Suisse Group AG restated a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. Finally, DA Davidson set a $17.00 price objective on shares of NCI Building Systems and gave the stock a “hold” rating in a report on Wednesday, August 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. NCI Building Systems currently has an average rating of “Buy” and an average target price of $16.79.
Shares of NCI Building Systems (NYSE:NCS) opened at 14.63 on Wednesday. The company has a market cap of $1.04 billion, a P/E ratio of 21.67 and a beta of 1.66. NCI Building Systems has a 52 week low of $9.07 and a 52 week high of $17.85. The firm has a 50-day moving average of $15.11 and a 200 day moving average of $15.64.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/citigroup-inc-reaffirms-neutral-rating-for-nci-building-systems-inc-ncs.html
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. NCI Building Systems had a net margin of 3.00% and a return on equity of 20.05%. The firm had revenue of $462.40 million for the quarter, compared to analyst estimates of $450.46 million. During the same period in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts expect that NCI Building Systems will post $0.75 EPS for the current fiscal year.
In other news, EVP Todd R. Moore sold 5,323 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $14.90, for a total value of $79,312.70. Following the sale, the executive vice president now directly owns 76,546 shares in the company, valued at approximately $1,140,535.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George L. Ball acquired 4,500 shares of NCI Building Systems stock in a transaction dated Friday, September 2nd. The stock was purchased at an average price of $15.15 per share, for a total transaction of $68,175.00. Following the completion of the acquisition, the director now directly owns 34,999 shares in the company, valued at approximately $530,234.85. The disclosure for this purchase can be found here. Company insiders own 4.49% of the company’s stock.
Several large investors have recently made changes to their positions in NCS. TIAA CREF Investment Management LLC raised its stake in shares of NCI Building Systems by 127.0% in the first quarter. TIAA CREF Investment Management LLC now owns 208,476 shares of the company’s stock worth $2,960,000 after buying an additional 116,642 shares during the last quarter. Prudential Financial Inc. bought a new position in NCI Building Systems during the first quarter worth approximately $2,805,000. BlackRock Group LTD increased its position in NCI Building Systems by 38.2% in the first quarter. BlackRock Group LTD now owns 87,118 shares of the company’s stock worth $1,237,000 after buying an additional 24,061 shares during the period. Acrospire Investment Management LLC bought a new position in NCI Building Systems during the first quarter worth approximately $123,000. Finally, Royce & Associates LP increased its position in NCI Building Systems by 1.3% in the first quarter. Royce & Associates LP now owns 1,526,151 shares of the company’s stock worth $21,671,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.
About NCI Building Systems
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users.
Receive News & Ratings for NCI Building Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Building Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.