NCI Building Systems’ (NCS) “Neutral” Rating Reaffirmed at Citigroup Inc.
NCI Building Systems Inc. (NYSE:NCS)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Wednesday. They presently have a $16.50 price objective on the stock. Citigroup Inc.’s price target would suggest a potential upside of 12.78% from the stock’s previous close.
NCS has been the topic of several other reports. DA Davidson set a $17.00 price objective on shares of NCI Building Systems and gave the company a “hold” rating in a report on Wednesday, August 31st. TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. 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. Finally, Credit Suisse Group AG restated a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NCI Building Systems has a consensus rating of “Buy” and a consensus price target of $16.79.
Shares of NCI Building Systems (NYSE:NCS) opened at 14.63 on Wednesday. NCI Building Systems has a 52 week low of $9.07 and a 52 week high of $17.85. The firm’s 50 day moving average is $15.11 and its 200-day moving average is $15.64. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 21.67 and a beta of 1.66.
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NCI Building Systems (NYSE:NCS) last announced its earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company 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 earned $0.15 earnings per share. NCI Building Systems’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that NCI Building Systems will post $0.75 EPS for the current year.
In other news, EVP Todd R. Moore sold 5,323 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $14.90, for a total transaction of $79,312.70. Following the completion of the sale, the executive vice president now owns 76,546 shares of the company’s stock, valued at $1,140,535.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 13,260,054 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $15.46, for a total transaction of $205,000,434.84. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of NCI Building Systems during the second quarter valued at about $130,000. Acrospire Investment Management LLC bought a new stake in shares of NCI Building Systems during the first quarter valued at about $123,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of NCI Building Systems during the second quarter valued at about $181,000. BlackRock Inc. increased its stake in shares of NCI Building Systems by 349.4% in the second quarter. BlackRock Inc. now owns 12,793 shares of the company’s stock valued at $205,000 after buying an additional 9,946 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of NCI Building Systems during the second quarter valued at about $240,000. 96.34% of the stock is owned by institutional investors.
NCI Building Systems Company Profile
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.
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