NCI Building Systems Inc. (NCS) Shares Up 3.7%
NCI Building Systems Inc. (NYSE:NCS)’s share price shot up 3.7% during trading on Monday . The stock traded as high as $17.07 and last traded at $17.05, with a volume of 856,816 shares traded. The stock had previously closed at $16.44.
Several research firms have recently commented on NCS. FBR & Co reissued an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of NCI Building Systems in a report on Thursday, June 2nd. Zacks Investment Research downgraded shares of NCI Building Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Stephens downgraded shares of NCI Building Systems from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $14.00 to $17.00 in a report on Friday, June 3rd. Royal Bank Of Canada boosted their target price on shares of NCI Building Systems from $14.00 to $16.00 in a report on Tuesday, April 12th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of NCI Building Systems in a report on Wednesday, June 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.00.
The stock’s 50 day moving average price is $16.23 and its 200-day moving average price is $13.68. The firm has a market cap of $1.24 billion and a P/E ratio of 37.11.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Tuesday, May 31st. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. During the same quarter last year, the business earned ($0.06) earnings per share. The firm earned $372.20 million during the quarter, compared to analysts’ expectations of $364.22 million. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that NCI Building Systems Inc. will post $0.73 EPS for the current year.
In other news, EVP Todd R. Moore sold 66,614 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark E. Johnson sold 16,424 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $17.02, for a total value of $279,536.48. Following the completion of the transaction, the chief financial officer now owns 235,416 shares in the company, valued at $4,006,780.32. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position 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 period. Wells Fargo & Company MN raised 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 period. Russell Frank Co raised 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 worth $2,958,000 after buying an additional 158,767 shares during the period. Dimensional Fund Advisors LP raised 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 period. Finally, Century Capital Management LLC raised its stake in NCI Building Systems by 1.5% in the fourth quarter. Century Capital Management LLC now owns 1,211,697 shares of the company’s stock worth $15,037,000 after buying an additional 18,437 shares during the period.
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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