NCI Building Systems (NCS) Upgraded to Hold by ValuEngine

Share on StockTwits

ValuEngine upgraded shares of NCI Building Systems (NYSE:NCS) from a sell rating to a hold rating in a research report sent to investors on Thursday, August 30th.

A number of other equities research analysts have also recently weighed in on the company. TheStreet cut NCI Building Systems from a b- rating to a c+ rating in a report on Wednesday, August 15th. Citigroup lowered their price target on NCI Building Systems from $22.00 to $17.00 and set a $16.05 rating on the stock in a report on Monday, July 23rd. Barclays cut NCI Building Systems from an overweight rating to an equal weight rating and lowered their price target for the stock from $24.00 to $19.00 in a report on Friday, July 20th. DA Davidson upped their price target on NCI Building Systems from $18.00 to $21.00 and gave the stock a neutral rating in a report on Thursday, June 7th. Finally, Zacks Investment Research cut NCI Building Systems from a strong-buy rating to a hold rating in a report on Wednesday, May 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $19.67.

Shares of NCS traded down $0.15 on Thursday, reaching $16.20. The stock had a trading volume of 308,380 shares, compared to its average volume of 641,511. The stock has a market cap of $1.10 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.58 and a quick ratio of 0.85. NCI Building Systems has a twelve month low of $13.85 and a twelve month high of $23.35.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, August 28th. The construction company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $548.50 million for the quarter, compared to analysts’ expectations of $534.27 million. NCI Building Systems had a return on equity of 29.00% and a net margin of 2.77%. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. research analysts expect that NCI Building Systems will post 1.45 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of NCS. Fuller & Thaler Asset Management Inc. lifted its stake in NCI Building Systems by 416.0% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 892,149 shares of the construction company’s stock valued at $18,735,000 after buying an additional 719,249 shares in the last quarter. UBS Group AG lifted its stake in NCI Building Systems by 1,183.9% in the 1st quarter. UBS Group AG now owns 701,585 shares of the construction company’s stock valued at $12,418,000 after buying an additional 646,941 shares in the last quarter. Prudential Financial Inc. lifted its stake in NCI Building Systems by 112.0% in the 1st quarter. Prudential Financial Inc. now owns 865,656 shares of the construction company’s stock valued at $15,322,000 after buying an additional 457,350 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in NCI Building Systems in the 1st quarter valued at approximately $8,008,000. Finally, Hsbc Holdings PLC purchased a new stake in NCI Building Systems in the 1st quarter valued at approximately $5,711,000. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

About NCI Building Systems

NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.

Read More: Average Daily Trade Volume – What It Means In Stock Trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for NCI Building Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Building Systems and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.