NCI Building Systems Inc. (NCS) Given Consensus Recommendation of “Buy” by Brokerages
Shares of NCI Building Systems Inc. (NYSE:NCS) have earned an average recommendation of “Buy” from the eight analysts that are covering the company. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.25.
Several equities research analysts have weighed in on NCS shares. Zacks Investment Research raised NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, August 25th. TheStreet raised NCI Building Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Credit Suisse Group AG reissued a “buy” rating on shares of NCI Building Systems in a research note on Wednesday, June 29th. Citigroup Inc. reaffirmed a “neutral” rating and set a $16.50 target price on shares of NCI Building Systems in a research note on Wednesday, October 12th. Finally, DA Davidson set a $17.00 target price on NCI Building Systems and gave the company a “hold” rating in a research note on Wednesday, August 31st.
Shares of NCI Building Systems (NYSE:NCS) traded down 0.55% on Monday, reaching $14.50. The company’s stock had a trading volume of 131,270 shares. The firm has a 50-day moving average price of $14.87 and a 200 day moving average price of $15.63. NCI Building Systems has a one year low of $9.07 and a one year high of $17.85. The firm has a market capitalization of $1.03 billion, a PE ratio of 21.48 and a beta of 1.66.
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NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The company had revenue of $462.40 million for the quarter, compared to analysts’ expectations of $450.46 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts anticipate that NCI Building Systems will post $0.75 earnings per share for the current fiscal year.
In related news, major shareholder Dubilier & Rice Fund V. Clayton sold 13,260,054 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $15.46, for a total value of $205,000,434.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George L. Ball acquired 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average cost of $15.15 per share, for a total transaction of $68,175.00. Following the purchase, the director now owns 34,999 shares of the company’s stock, valued at $530,234.85. The disclosure for this purchase can be found here. 4.49% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Balter Liquid Alternatives LLC raised its stake in NCI Building Systems by 98.4% in the first quarter. Balter Liquid Alternatives LLC now owns 204,813 shares of the company’s stock worth $2,908,000 after buying an additional 101,595 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in NCI Building Systems by 8.6% in the first quarter. Clear Harbor Asset Management LLC now owns 63,205 shares of the company’s stock worth $898,000 after buying an additional 5,000 shares in the last quarter. Springbok Capital Management LLC raised its stake in NCI Building Systems by 390.3% in the first quarter. Springbok Capital Management LLC now owns 15,200 shares of the company’s stock worth $216,000 after buying an additional 12,100 shares in the last quarter. Renaissance Technologies LLC raised its stake in NCI Building Systems by 10.1% in the first quarter. Renaissance Technologies LLC now owns 781,268 shares of the company’s stock worth $11,094,000 after buying an additional 71,571 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in NCI Building Systems during the first quarter worth $499,000. 98.64% of the stock is currently owned by institutional investors.
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.
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