NCI Building Systems Inc. (NCS) Shares Down 15.6%
NCI Building Systems Inc. (NYSE:NCS)’s share price traded down 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 trading hands. The stock had previously closed at $17.81.
Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of NCI Building Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. 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 note on Thursday, May 19th. FBR & Co reiterated an “outperform” rating and issued a $18.00 target price (up from $17.00) on shares of NCI Building Systems in a research note on Thursday, June 2nd. Stephens cut shares of NCI Building Systems from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $14.00 to $17.00 in a research note on Friday, June 3rd. Finally, TheStreet upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.86.
The firm has a market capitalization of $1.10 billion and a price-to-earnings ratio of 33.046. The company’s 50 day moving average price is $16.92 and its 200 day moving average price is $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, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $462.40 million for the quarter, compared to analysts’ expectations of $450.46 million. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. On average, equities analysts anticipate that NCI Building Systems Inc. will post $0.75 EPS for the current fiscal year.
In other news, CEO Norman C. Chambers sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $14.95, for a total transaction of $95,680.00. Following the transaction, the chief executive officer now directly owns 720,018 shares in the company, valued at $10,764,269.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Todd R. Moore sold 66,614 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $15.95, for a total transaction of $1,062,493.30. Following the transaction, the executive vice president now owns 125,736 shares in the company, valued at $2,005,489.20. 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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