Citigroup Inc. Reiterates “Neutral” Rating for NCI Building Systems Inc. (NCS)
NCI Building Systems Inc. (NYSE:NCS)‘s stock had its “neutral” rating restated by analysts at Citigroup Inc. in a research report issued on Wednesday. They currently have a $16.50 price target on the stock. Citigroup Inc.’s target price indicates a potential upside of 15.38% from the company’s previous close.
NCS has been the subject of a number of other research reports. DA Davidson set a $17.00 price target on NCI Building Systems and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of NCI Building Systems in a research report on Wednesday, June 29th. TheStreet raised NCI Building Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Finally, Zacks Investment Research raised NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, August 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.79.
NCI Building Systems (NYSE:NCS) opened at 14.30 on Wednesday. The stock has a 50 day moving average price of $14.94 and a 200 day moving average price of $15.62. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 21.19 and a beta of 1.66. NCI Building Systems has a 12 month low of $9.07 and a 12 month high of $17.85.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm earned $462.40 million during the quarter, compared to analysts’ expectations of $450.46 million. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts expect that NCI Building Systems will post $0.75 earnings per share for the current fiscal year.
In related news, insider Robert Daniel Ronchetto sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $17.75, for a total transaction of $44,375.00. Following the transaction, the insider now directly owns 40,713 shares in the company, valued at $722,655.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 13,260,054 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $15.46, for a total value of $205,000,434.84. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC bought a new stake in NCI Building Systems during the first quarter valued at $123,000. Acadian Asset Management LLC bought a new stake in NCI Building Systems during the second quarter valued at $130,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in NCI Building Systems during the second quarter valued at $181,000. BlackRock Inc. raised its stake in NCI Building Systems by 349.4% in the second quarter. BlackRock Inc. now owns 12,793 shares of the company’s stock valued at $205,000 after buying an additional 9,946 shares in the last quarter. Finally, Springbok Capital Management LLC raised its stake in NCI Building Systems by 390.3% in the first quarter. Springbok Capital Management LLC now owns 15,200 shares of the company’s stock valued at $216,000 after buying an additional 12,100 shares in the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.
NCI Building Systems Company Profile
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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