NCI Building Systems Inc. (NCS) Hits New 52-Week High at $17.63
NCI Building Systems Inc. (NYSE:NCS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.63 and last traded at $17.53, with a volume of 302,045 shares trading hands. The stock had previously closed at $17.48.
Several equities analysts have recently issued reports on the company. FBR & Co reissued an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of NCI Building Systems in a research note on Thursday, June 2nd. Zacks Investment Research lowered NCI Building Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Stephens lowered NCI Building Systems from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $14.00 to $17.00 in a research report on Friday, June 3rd. Royal Bank Of Canada lifted their price target on NCI Building Systems from $14.00 to $16.00 in a research report on Tuesday, April 12th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of NCI Building Systems in a research report on Wednesday, June 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. NCI Building Systems presently has an average rating of “Hold” and a consensus price target of $16.00.
The company has a 50 day moving average of $16.45 and a 200-day moving average of $14.21. The company has a market cap of $1.29 billion and a price-to-earnings ratio of 38.64.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. During the same quarter in the prior year, the business posted ($0.06) earnings per share. The company earned $372.20 million during the quarter, compared to analysts’ expectations of $364.22 million. The company’s revenue was up 3.4% compared to the same quarter last year. On average, analysts anticipate that NCI Building Systems Inc. will post $0.72 EPS for the current fiscal year.
In other news, EVP Todd R. Moore sold 66,614 shares of NCI Building Systems stock in a transaction on Friday, June 24th. The stock was sold at an average price of $15.95, for a total value of $1,062,493.30. Following the transaction, the executive vice president now directly owns 125,736 shares in the company, valued at approximately $2,005,489.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Norman C. Chambers sold 360,282 shares of NCI Building Systems stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $16.01, for a total value of $5,768,114.82. Following the completion of the transaction, the chief executive officer now owns 787,664 shares in the company, valued at $12,610,500.64. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently made changes to their positions in the company. Russell Frank Co increased its position in shares of NCI Building Systems by 191.9% in the fourth quarter. Russell Frank Co now owns 241,494 shares of the company’s stock worth $2,958,000 after buying an additional 158,767 shares in the last quarter. Foresters Investment Management Company Inc. boosted 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 worth $4,981,000 after buying an additional 4,000 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 worth $5,059,000 after buying an additional 42,767 shares during the last quarter. New York State Common Retirement Fund boosted 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 worth $5,120,000 after buying an additional 387,886 shares during the last quarter. Finally, Wells Fargo & Company MN boosted 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 worth $14,298,000 after buying an additional 208,039 shares during 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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