BidaskClub cut shares of NCI Building Systems, Inc. (NYSE:NCS) from a hold rating to a sell rating in a research report released on Saturday.

Several other research analysts have also recently issued reports on NCS. Royal Bank Of Canada raised NCI Building Systems from a sector perform rating to an outperform rating and increased their price target for the stock from $18.00 to $20.00 in a research note on Tuesday, April 25th. Zacks Investment Research cut NCI Building Systems from a buy rating to a hold rating in a research note on Tuesday, May 9th. Finally, TheStreet raised NCI Building Systems from a c rating to a b- rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $18.50.

NCI Building Systems (NYSE NCS) opened at 16.40 on Friday. NCI Building Systems has a 52-week low of $13.80 and a 52-week high of $18.60. The company has a 50-day moving average of $17.47 and a 200-day moving average of $16.84. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 19.14 and a beta of 1.51.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, June 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The company had revenue of $420.50 million during the quarter, compared to analysts’ expectations of $409.24 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts expect that NCI Building Systems will post $1.00 EPS for the current year.

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In other news, insider Norman C. Chambers sold 45,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 476,403 shares in the company, valued at $8,451,389.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.78% of the company’s stock.

Several hedge funds have recently made changes to their positions in NCS. Prudential Financial Inc. raised its stake in shares of NCI Building Systems by 548.6% in the first quarter. Prudential Financial Inc. now owns 312,359 shares of the construction company’s stock valued at $5,356,000 after buying an additional 264,200 shares during the period. Foresters Investment Management Company Inc. raised its stake in shares of NCI Building Systems by 1.2% in the first quarter. Foresters Investment Management Company Inc. now owns 492,500 shares of the construction company’s stock valued at $8,446,000 after buying an additional 5,700 shares during the period. Oxford Asset Management raised its stake in shares of NCI Building Systems by 2.4% in the first quarter. Oxford Asset Management now owns 112,940 shares of the construction company’s stock valued at $1,937,000 after buying an additional 2,661 shares during the period. Formula Growth Ltd. raised its stake in shares of NCI Building Systems by 289.8% in the first quarter. Formula Growth Ltd. now owns 225,762 shares of the construction company’s stock valued at $3,872,000 after buying an additional 167,852 shares during the period. Finally, Legato Capital Management LLC raised its stake in shares of NCI Building Systems by 1,236.0% in the second quarter. Legato Capital Management LLC now owns 33,921 shares of the construction company’s stock valued at $566,000 after buying an additional 31,382 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

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.

Analyst Recommendations for NCI Building Systems (NYSE:NCS)

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