NCI Building Systems Inc. (NCS) Shares Down 15.6%
NCI Building Systems Inc. (NYSE:NCS)’s share price fell 15.6% during mid-day trading on Wednesday . The stock traded as low as $14.95 and last traded at $15.04, with a volume of 1,853,539 shares changing hands. The stock had previously closed at $17.81.
Several brokerages have issued reports on NCS. Zacks Investment Research raised NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, August 25th. Stephens lowered NCI Building Systems from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $14.00 to $17.00 in a research note on Friday, June 3rd. DA Davidson lowered NCI Building Systems from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Thursday, May 19th. FBR & Co reissued an “outperform” rating and issued a $18.00 price target (up from $17.00) on shares of NCI Building Systems in a research note on Thursday, June 2nd. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of NCI Building Systems in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. NCI Building Systems presently has a consensus rating of “Buy” and an average price target of $16.71.
The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of 33.13. The stock has a 50 day moving average of $17.02 and a 200 day moving average of $15.06.
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $462.40 million for the quarter, compared to the consensus estimate of $450.46 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. NCI Building Systems’s revenue was up 9.9% compared to the same quarter last year. Analysts forecast that NCI Building Systems Inc. will post $0.75 EPS for the current fiscal year.
In other NCI Building Systems news, insider Robert Daniel Ronchetto sold 5,000 shares of the stock in a transaction that occurred 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 approximately $760,980.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Norman C. Chambers sold 360,282 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $16.01, for a total value of $5,768,114.82. Following the completion of the sale, the chief executive officer now owns 787,664 shares of the company’s stock, valued at approximately $12,610,500.64. 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 stake in NCI Building Systems Inc. (NYSE:NCS) by 401.7% during the fourth quarter, according to its most recent Form 13F filing with the 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 0.28% of NCI Building Systems worth $2,610,000 at the end of the most recent 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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