Royal Bank Of Canada Reaffirms “Buy” Rating for NCI Building Systems, Inc. (NCS)

NCI Building Systems, Inc. (NYSE:NCS)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, October 18th. They presently have a $16.00 target price on the construction company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 0.31% from the stock’s current price.

Several other brokerages also recently weighed in on NCS. Barclays PLC reiterated a “buy” rating and issued a $16.00 price objective (down previously from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. NCI Building Systems has a consensus rating of “Hold” and an average target price of $17.33.

Shares of NCI Building Systems (NCS) opened at $15.95 on Wednesday. The firm has a market capitalization of $1,120.52, a P/E ratio of 20.79, a P/E/G ratio of 1.50 and a beta of 1.65. NCI Building Systems has a 12-month low of $13.05 and a 12-month high of $18.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.79 and a quick ratio of 1.06.

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 the Zacks’ consensus estimate of $0.32 by ($0.05). NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The firm had revenue of $469.40 million during the quarter, compared to the consensus estimate of $495.21 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. analysts expect that NCI Building Systems will post 0.79 earnings per share for the current fiscal year.

NCI Building Systems declared that its board has initiated a stock buyback plan on Tuesday, October 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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In other news, EVP Todd R. Moore sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total transaction of $82,500.00. Following the transaction, the executive vice president now directly owns 82,458 shares of the company’s stock, valued at $1,133,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 purchased at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at $402,600. The disclosure for this purchase can be found here. 1.78% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in NCI Building Systems by 3.4% in the second quarter. Nisa Investment Advisors LLC now owns 16,880 shares of the construction company’s stock worth $282,000 after purchasing an additional 550 shares during the period. Macquarie Group Ltd. grew its stake in NCI Building Systems by 0.8% in the second quarter. Macquarie Group Ltd. now owns 106,511 shares of the construction company’s stock worth $1,779,000 after purchasing an additional 810 shares during the period. American International Group Inc. grew its stake in NCI Building Systems by 7.0% in the first quarter. American International Group Inc. now owns 16,745 shares of the construction company’s stock worth $287,000 after purchasing an additional 1,100 shares during the period. Victory Capital Management Inc. grew its stake in NCI Building Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after purchasing an additional 1,163 shares during the period. Finally, Sei Investments Co. grew its stake in NCI Building Systems by 5.4% in the second quarter. Sei Investments Co. now owns 48,420 shares of the construction company’s stock worth $809,000 after purchasing an additional 2,459 shares during the period. 94.04% of the stock is currently owned by institutional investors.

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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