NCI Building Systems’ (NCS) Neutral Rating Reaffirmed at Citigroup Inc.
Citigroup Inc. reiterated their neutral rating on shares of NCI Building Systems Inc. (NYSE:NCS) in a research note issued to investors on Wednesday. The firm currently has a $16.50 price target on the stock.
A number of other equities analysts have also recently commented on NCS. DA Davidson set a $17.00 target price on NCI Building Systems and gave the stock a hold rating in a report on Wednesday, August 31st. TheStreet upgraded NCI Building Systems from a hold rating to a buy rating in a report on Tuesday, August 30th. Zacks Investment Research upgraded NCI Building Systems from a hold rating to a buy rating and set a $19.00 target price for the company in a report on Thursday, August 25th. Finally, Credit Suisse Group AG reiterated a buy rating on shares of NCI Building Systems in a report on Wednesday, June 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $16.79.
Shares of NCI Building Systems (NYSE:NCS) traded down 1.44% during trading on Wednesday, hitting $14.34. The company had a trading volume of 93,725 shares. The stock’s 50-day moving average price is $15.02 and its 200 day moving average price is $15.63. The company has a market capitalization of $1.02 billion, a P/E ratio of 21.24 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.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business earned $462.40 million during the quarter, compared to analysts’ expectations of $450.46 million. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts forecast that NCI Building Systems will post $0.75 earnings per share for the current year.
In other NCI Building Systems news, EVP Todd R. Moore sold 5,323 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $14.90, for a total transaction of $79,312.70. Following the completion of the transaction, 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 is available through this hyperlink. Also, 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 shares were sold at an average price of $15.46, for a total value of $205,000,434.84. The disclosure for this sale can be found here. 4.49% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new stake in NCI Building Systems during the first quarter worth about $123,000. Acadian Asset Management LLC bought a new stake in NCI Building Systems during the second quarter worth about $130,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in NCI Building Systems during the second quarter worth about $181,000. BlackRock Inc. raised its stake in NCI Building Systems by 349.4% in the second quarter. BlackRock Inc. now owns 12,793 shares of the company’s stock worth $205,000 after buying an additional 9,946 shares during the period. Finally, 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 during the period. 96.34% of the stock is owned by institutional investors and hedge funds.
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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