NCI Building Systems Inc. (NCS) Sees Unusually-High Trading Volume
NCI Building Systems Inc. (NYSE:NCS) shares saw strong trading volume on Friday . 916,550 shares changed hands during trading, an increase of 25% from the previous session’s volume of 732,712 shares.The stock last traded at $14.96 and had previously closed at $15.18.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Thursday, August 25th. Stephens cut shares of NCI Building Systems from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $14.00 to $17.00 in a research report on Friday, June 3rd. DA Davidson cut shares of NCI Building Systems from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research 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 research report on Thursday, June 2nd. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of NCI Building Systems in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. NCI Building Systems currently has an average rating of “Buy” and an average target price of $16.86.
The company has a market capitalization of $1.10 billion and a PE ratio of 32.87. The company has a 50-day moving average of $16.86 and a 200 day moving average of $15.07.
NCI Building Systems (NYSE:NCS) last announced its earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. During the same quarter in the prior year, the company earned $0.15 EPS. The company earned $462.40 million during the quarter, compared to the consensus estimate of $450.46 million. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that NCI Building Systems Inc. will post $0.75 EPS for the current fiscal year.
In related news, insider Robert Daniel Ronchetto sold 2,500 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $17.75, for a total value of $44,375.00. Following the completion of the transaction, the insider now owns 40,713 shares in the company, valued at approximately $722,655.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Norman C. Chambers sold 6,400 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $14.95, for a total transaction of $95,680.00. Following the completion of the transaction, the chief executive officer now owns 720,018 shares of the company’s stock, valued at approximately $10,764,269.10. The disclosure for this sale can be found here.
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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