NCI Building Systems Inc. (NCS) Given Consensus Recommendation of “Hold” by Analysts
Shares of NCI Building Systems Inc. (NYSE:NCS) have been given an average recommendation of “Hold” by the eight research firms that are covering the firm. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.90.
A number of brokerages recently commented on NCS. TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research 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 for the company in a research report on Thursday, August 25th. Citigroup Inc. restated a “neutral” rating and issued a $16.50 price objective on shares of NCI Building Systems in a research report on Wednesday, October 12th. Finally, DA Davidson set a $17.00 price objective on shares of NCI Building Systems and gave the company a “hold” rating in a research report on Wednesday, August 31st.
In other news, CEO Norman C. Chambers sold 119,956 shares of NCI Building Systems stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $17.29, for a total transaction of $2,074,039.24. Following the completion of the sale, the chief executive officer now directly owns 622,812 shares in the company, valued at approximately $10,768,419.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Daniel Ronchetto sold 2,500 shares of NCI Building Systems stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $17.75, for a total transaction of $44,375.00. Following the sale, the insider now owns 40,713 shares of the company’s stock, valued at $722,655.75. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Smith Asset Management Group LP bought a new stake in NCI Building Systems during the second quarter worth about $3,063,000. Bank of Montreal Can bought a new stake in NCI Building Systems during the second quarter worth about $275,000. First Quadrant L P CA bought a new stake in NCI Building Systems during the second quarter worth about $358,000. Acadian Asset Management LLC bought a new stake in NCI Building Systems during the second quarter worth about $130,000. Finally, Nisa Investment Advisors LLC increased its stake in NCI Building Systems by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 16,750 shares of the company’s stock worth $268,000 after buying an additional 350 shares during the last quarter.
NCI Building Systems (NYSE:NCS) traded down 0.29% during midday trading on Tuesday, hitting $17.25. The stock had a trading volume of 158,063 shares. NCI Building Systems has a 12-month low of $9.07 and a 12-month high of $17.85. The stock has a 50-day moving average price of $14.98 and a 200 day moving average price of $15.71. The firm has a market cap of $1.23 billion, a P/E ratio of 25.56 and a beta of 1.60.
NCI Building Systems (NYSE:NCS) last released its quarterly 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 return on equity of 20.05% and a net margin of 3.00%. The firm had revenue of $462.40 million for the quarter, compared to analyst estimates of $450.46 million. During the same quarter last year, the company posted $0.15 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that NCI Building Systems will post $0.75 earnings per share for the current fiscal year.
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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