NCI Building Systems Inc. (NCS) Reaches New 12-Month High at $17.78
NCI Building Systems Inc. (NYSE:NCS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.78 and last traded at $17.69, with a volume of 310,877 shares changing hands. The stock had previously closed at $17.50.
NCS has been the subject of several analyst reports. Zacks Investment Research downgraded NCI Building Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. DA Davidson downgraded 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 reaffirmed an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of NCI Building Systems in a research report on Thursday, June 2nd. Stephens downgraded NCI Building Systems from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $14.00 to $17.00 in a research report on Friday, June 3rd. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of NCI Building Systems in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $16.71.
The company has a 50-day moving average of $17.00 and a 200-day moving average of $15.00. The firm has a market cap of $1.29 billion and a price-to-earnings ratio of 38.53.
In other news, insider Robert Daniel Ronchetto sold 5,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $17.61, for a total value of $88,050.00. Following the completion of the sale, the insider now owns 43,213 shares in the company, valued at $760,980.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd R. Moore sold 66,614 shares of the stock in a transaction 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 completion of 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.
A hedge fund recently raised its stake in NCI Building Systems stock. Ameriprise Financial Inc. raised its position in shares of NCI Building Systems Inc. (NYSE:NCS) by 401.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,330 shares of the company’s stock after buying an additional 168,405 shares during the period. Ameriprise Financial Inc. owned approximately 0.28% of NCI Building Systems worth $2,610,000 at the end of the most recent reporting 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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