NCI Building Systems, Inc. (NCS) Receives Buy Rating from Barclays PLC

Barclays PLC restated their buy rating on shares of NCI Building Systems, Inc. (NYSE:NCS) in a report released on Friday. They currently have a $16.00 target price on the construction company’s stock, down from their prior target price of $19.00.

A number of other equities research analysts also recently commented on NCS. TheStreet upgraded NCI Building Systems from a c rating to a b- rating in a research report on Tuesday, June 6th. Zacks Investment Research upgraded NCI Building Systems from a hold rating to a strong-buy rating and set a $19.00 price objective for the company in a research report on Friday, June 9th. Royal Bank Of Canada reiterated a buy rating and set a $20.00 price objective on shares of NCI Building Systems in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded NCI Building Systems from a hold rating to a sell rating in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $18.30.

NCI Building Systems (NCS) opened at 13.25 on Friday. NCI Building Systems has a one year low of $13.05 and a one year high of $18.60. The company’s 50-day moving average price is $17.01 and its 200 day moving average price is $16.87. The firm has a market capitalization of $939.41 million, a PE ratio of 15.46 and a beta of 1.53.

NCI Building Systems (NYSE:NCS) last released its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a return on equity of 18.86% and a net margin of 3.18%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. On average, analysts forecast that NCI Building Systems will post $0.89 earnings per share for the current year.

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In other NCI Building Systems news, insider Norman C. Chambers sold 45,000 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $17.74, for a total transaction of $798,300.00. Following the sale, the insider now directly owns 476,403 shares of the company’s stock, valued at approximately $8,451,389.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.78% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NCS. Royal Bank of Canada increased its stake in shares of NCI Building Systems by 83.5% in the second quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock worth $18,586,000 after acquiring an additional 506,499 shares during the last quarter. ACK Asset Management LLC increased its stake in shares of NCI Building Systems by 87.7% in the first quarter. ACK Asset Management LLC now owns 950,650 shares of the construction company’s stock worth $15,669,000 after acquiring an additional 444,143 shares during the last quarter. Elk Creek Partners LLC acquired a new position in shares of NCI Building Systems in the second quarter worth $7,070,000. Thrivent Financial For Lutherans increased its stake in shares of NCI Building Systems by 496.5% in the second quarter. Thrivent Financial For Lutherans now owns 320,166 shares of the construction company’s stock worth $5,347,000 after acquiring an additional 266,496 shares during the last quarter. Finally, Prudential Financial Inc. increased 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 worth $5,356,000 after acquiring an additional 264,200 shares during the last quarter. 93.82% of the stock is currently owned by institutional investors and hedge funds.

NCI Building Systems Company Profile

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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