NCI Building Systems, Inc. (NYSE:NCS) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.58.
NCS has been the topic of several research reports. Zacks Investment Research cut NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Royal Bank of Canada upgraded NCI Building Systems from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, April 25th. Finally, TheStreet upgraded NCI Building Systems from a “c” rating to a “b-” rating in a research note on Tuesday, June 6th.
In other news, CFO Mark E. Johnson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. Following the sale, the chief financial officer now directly owns 228,399 shares in the company, valued at approximately $3,996,982.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Norman C. Chambers sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total value of $700,000.00. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in NCS. SeaBridge Investment Advisors LLC bought a new stake in shares of NCI Building Systems during the first quarter worth $3,329,000. Hudson Bay Capital Management LP bought a new stake in shares of NCI Building Systems during the fourth quarter worth $1,878,000. Norges Bank bought a new stake in shares of NCI Building Systems during the fourth quarter worth $14,637,000. Prudential Financial Inc. boosted 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 buying an additional 264,200 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of NCI Building Systems by 2.2% in the fourth quarter. State Street Corp now owns 623,976 shares of the construction company’s stock worth $9,763,000 after buying an additional 13,385 shares during the last quarter. Institutional investors and hedge funds own 93.22% of the company’s stock.
NCI Building Systems (NYSE:NCS) traded up 1.18% on Monday, reaching $17.20. The company’s stock had a trading volume of 505,823 shares. NCI Building Systems has a 52 week low of $13.80 and a 52 week high of $18.10. The firm’s 50 day moving average price is $16.95 and its 200-day moving average price is $16.45. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.07 and a beta of 1.50.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Tuesday, June 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $420.50 million for the quarter, compared to analysts’ expectations of $409.24 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. NCI Building Systems’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts predict that NCI Building Systems will post $1.00 EPS for the current year.
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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