NCI Building Systems’ (NCS) Buy Rating Reiterated at Barclays PLC
NCI Building Systems, Inc. (NYSE:NCS)‘s stock had its “buy” rating restated by Barclays PLC in a research note issued to investors on Friday. They currently have a $16.00 target price on the construction company’s stock, down from their prior target price of $19.00. Barclays PLC’s target price indicates a potential upside of 15.52% from the stock’s previous close.
Several other research analysts have also commented on NCS. Zacks Investment Research lowered NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. TheStreet raised NCI Building Systems from a “c” rating to a “b-” rating in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.30.
Shares of NCI Building Systems (NYSE:NCS) traded up 3.75% during midday trading on Friday, reaching $13.85. The company had a trading volume of 1,640,628 shares. NCI Building Systems has a 52-week low of $13.05 and a 52-week high of $18.60. The stock has a market capitalization of $981.95 million, a PE ratio of 16.16 and a beta of 1.53. The company’s 50 day moving average price is $17.14 and its 200 day moving average price is $16.87.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by $0.05. The firm had revenue of $469.40 million for the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a return on equity of 18.86% and a net margin of 3.18%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Equities research analysts expect that NCI Building Systems will post $0.94 earnings per share for the current year.
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In other news, insider Norman C. Chambers sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $17.74, for a total value of $798,300.00. Following the transaction, the insider now owns 476,403 shares of the company’s stock, valued at $8,451,389.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.78% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings 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 purchasing an additional 1,203 shares during the period. Legal & General Group Plc increased its holdings in shares of NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,559 shares during the period. Quantbot Technologies LP acquired a new position in shares of NCI Building Systems in the second quarter valued at approximately $160,000. Eqis Capital Management Inc. acquired a new position in shares of NCI Building Systems in the second quarter valued at approximately $186,000. Finally, Airain ltd acquired a new position in shares of NCI Building Systems in the second quarter valued at approximately $202,000. 93.82% of the stock is currently owned by institutional investors and hedge funds.
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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