Somewhat Favorable News Coverage Somewhat Unlikely to Affect NCI Building Systems (NCS) Stock Price
News articles about NCI Building Systems (NYSE:NCS) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NCI Building Systems earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 45.2526229864937 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of NCI Building Systems (NYSE:NCS) traded up $0.20 during trading on Friday, hitting $15.90. 435,200 shares of the stock traded hands, compared to its average volume of 439,039. NCI Building Systems has a fifty-two week low of $13.05 and a fifty-two week high of $18.60. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 1.79. The firm has a market cap of $1,140.00, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.65.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $495.21 million. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. analysts expect that NCI Building Systems will post 0.78 earnings per share for the current year.
NCI Building Systems announced that its board has approved a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on the stock. Barclays PLC reiterated a “buy” rating and set a $16.00 price target (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. BidaskClub cut shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price target on shares of NCI Building Systems in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. NCI Building Systems has a consensus rating of “Hold” and an average price target of $17.33.
In related news, EVP Todd R. Moore sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the sale, the executive vice president now owns 82,458 shares in the company, valued at approximately $1,133,797.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James S. Metcalf purchased 30,000 shares of NCI Building Systems stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $13.42 per share, with a total value of $402,600.00. Following the transaction, the director now owns 30,000 shares in the company, valued at $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is owned by corporate insiders.
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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