NCI Building Systems Inc. (NCS) Sees Unusually-High Trading Volume
NCI Building Systems Inc. (NYSE:NCS) shares saw an uptick in trading volume on Tuesday . 336,469 shares changed hands during trading, a decline of 20% from the previous session’s volume of 421,798 shares.The stock last traded at $16.70 and had previously closed at $17.11.
A number of research firms have weighed in on NCS. Stephens downgraded NCI Building Systems from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $14.00 to $17.00 in a research report on Friday, June 3rd. DA Davidson downgraded NCI Building Systems from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a report on Thursday, May 19th. FBR & Co reissued an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of NCI Building Systems in a report on Thursday, June 2nd. Credit Suisse Group AG reissued a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. Finally, Royal Bank Of Canada increased their price objective on NCI Building Systems from $14.00 to $16.00 in a report on Tuesday, April 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.00.
The firm’s 50 day moving average price is $16.22 and its 200-day moving average price is $13.61. The firm has a market cap of $1.23 billion and a price-to-earnings ratio of 36.81.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Tuesday, May 31st. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The business earned $372.20 million during the quarter, compared to the consensus estimate of $364.22 million. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that NCI Building Systems Inc. will post $0.70 earnings per share for the current year.
In other news, CEO Norman C. Chambers sold 360,282 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $16.01, for a total transaction of $5,768,114.82. Following the completion of the sale, the chief executive officer now owns 787,664 shares in the company, valued at $12,610,500.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Todd R. Moore sold 66,614 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $15.95, for a total value of $1,062,493.30. Following the sale, the executive vice president now owns 125,736 shares of the company’s stock, valued at approximately $2,005,489.20. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in NCS. Russell Frank Co increased its stake in NCI Building Systems by 191.9% in the fourth quarter. Russell Frank Co now owns 241,494 shares of the company’s stock valued at $2,958,000 after buying an additional 158,767 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in NCI Building Systems by 1.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 401,400 shares of the company’s stock valued at $4,981,000 after buying an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NCI Building Systems by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 407,626 shares of the company’s stock valued at $5,059,000 after buying an additional 42,767 shares in the last quarter. New York State Common Retirement Fund increased its stake in NCI Building Systems by 1,570.4% in the fourth quarter. New York State Common Retirement Fund now owns 412,586 shares of the company’s stock valued at $5,120,000 after buying an additional 387,886 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in NCI Building Systems by 22.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,152,102 shares of the company’s stock valued at $14,298,000 after buying an additional 208,039 shares in the last quarter.
NCI Building Systems, Inc is a manufacturer and marketer of metal products for the non-residential construction industry. The Company operates through three segments: engineered building systems, metal components and metal coil coating. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users.
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