NCI Building Systems Inc (NCS) Given Average Rating of “Buy” by Brokerages
Shares of NCI Building Systems Inc (NYSE:NCS) have earned an average rating of “Buy” from the ten ratings firms that are covering the stock. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.21.
NCS has been the topic of a number of research reports. TheStreet cut shares of NCI Building Systems from a “b-” rating to a “c” rating in a research note on Tuesday, March 7th. Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 14th. Finally, Royal Bank of Canada upgraded shares of NCI Building Systems from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $18.00 to $20.00 in a report on Tuesday, April 25th.
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NCI Building Systems (NYSE:NCS) traded up 2.10% during trading on Friday, hitting $17.00. 238,475 shares of the stock traded hands. The company’s 50 day moving average price is $16.94 and its 200-day moving average price is $16.31. NCI Building Systems has a 52-week low of $13.80 and a 52-week high of $18.10. The stock has a market cap of $1.20 billion, a P/E ratio of 26.07 and a beta of 1.64.
NCI Building Systems (NYSE:NCS) last issued its quarterly earnings data on Tuesday, March 7th. The construction company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $391.70 million for the quarter, compared to analysts’ expectations of $379.84 million. NCI Building Systems had a net margin of 3.01% and a return on equity of 18.84%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. Equities research analysts forecast that NCI Building Systems will post $0.98 earnings per share for the current fiscal year.
In other news, CFO Mark E. Johnson sold 20,000 shares of the stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total transaction of $350,000.00. Following the transaction, the chief financial officer now directly owns 228,399 shares in the company, valued at approximately $3,996,982.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Norman C. Chambers sold 40,000 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total transaction of $700,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NCS. Victory Capital Management Inc. raised its position in shares of NCI Building Systems by 22.3% in the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after buying an additional 1,203 shares during the last quarter. Wexford Capital LP bought a new position in shares of NCI Building Systems during the fourth quarter valued at $165,000. Parametric Portfolio Associates LLC raised its position in shares of NCI Building Systems by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after buying an additional 3,082 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of NCI Building Systems by 86.0% in the fourth quarter. Federated Investors Inc. PA now owns 15,282 shares of the construction company’s stock valued at $239,000 after buying an additional 7,066 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of NCI Building Systems during the third quarter valued at $253,000. Institutional investors and hedge funds own 94.88% of the company’s stock.
NCI Building Systems Company Profile
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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