NCI Building Systems Inc. (NCS) Sees Large Volume Increase
NCI Building Systems Inc. (NYSE:NCS) saw an uptick in trading volume on Friday . 916,550 shares traded hands during trading, an increase of 25% from the previous session’s volume of 732,712 shares.The stock last traded at $14.96 and had previously closed at $15.18.
A number of research firms have commented on NCS. DA Davidson set a $17.00 price objective on shares of NCI Building Systems and gave the company a “hold” rating in a research note on Wednesday. TheStreet raised shares of NCI Building Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Zacks Investment Research raised shares of NCI Building Systems from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, August 25th. Credit Suisse Group AG reissued a “buy” rating on shares of NCI Building Systems in a research report on Wednesday, June 29th. Finally, Stephens lowered shares of NCI Building Systems from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $14.00 to $17.00 in a research report on Friday, June 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.86.
The firm’s 50-day moving average is $16.86 and its 200 day moving average is $15.07. The firm has a market cap of $1.07 billion and a PE ratio of 22.25.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Tuesday, August 30th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The firm earned $462.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that NCI Building Systems Inc. will post $0.75 EPS for the current year.
In related news, insider Robert Daniel Ronchetto sold 2,500 shares of NCI Building Systems stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $17.75, for a total value of $44,375.00. Following the completion of the sale, 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 SEC, which is available through the SEC website. Also, CFO Mark E. Johnson sold 16,424 shares of NCI Building Systems 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 sale, the chief financial officer now owns 235,416 shares of the company’s stock, valued at $4,006,780.32. 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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