Royal Bank Of Canada Reaffirms “Buy” Rating for NCI Building Systems, Inc. (NYSE:NCS)
Royal Bank Of Canada reissued their buy rating on shares of NCI Building Systems, Inc. (NYSE:NCS) in a research report report published on Tuesday morning. They currently have a $20.00 target price on the construction company’s stock.
A number of other analysts have also recently commented on NCS. Zacks Investment Research cut shares of NCI Building Systems from a buy rating to a hold rating in a research note on Tuesday, May 9th. TheStreet raised shares of NCI Building Systems from a c rating to a b- rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $18.50.
NCI Building Systems (NYSE:NCS) traded down 1.68% during trading on Tuesday, hitting $17.60. The stock had a trading volume of 124,050 shares. The company has a market cap of $1.25 billion, a PE ratio of 20.54 and a beta of 1.50. The company’s 50 day moving average is $17.18 and its 200-day moving average is $16.60. NCI Building Systems has a 12 month low of $13.80 and a 12 month high of $18.10.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, June 6th. The construction company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The business had revenue of $420.50 million for the quarter, compared to analyst estimates of $409.24 million. During the same quarter in the previous year, the company earned $0.04 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts predict that NCI Building Systems will post $1.00 earnings per share for the current year.
In other news, CFO Mark E. Johnson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. Following the sale, the chief financial officer now directly owns 228,399 shares in the company, valued at $3,996,982.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Norman C. Chambers sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total value of $700,000.00. The disclosure for this sale can be found here. 1.78% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in NCI Building Systems by 22.3% in the first quarter. Victory Capital Management Inc. now owns 6,594 shares of the construction company’s stock valued at $113,000 after buying an additional 1,203 shares during the period. Eqis Capital Management Inc. bought a new position in NCI Building Systems during the second quarter valued at $186,000. Parametric Portfolio Associates LLC boosted its position in NCI Building Systems by 28.8% in the first quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock valued at $237,000 after buying an additional 3,082 shares during the period. Federated Investors Inc. PA boosted its position in NCI Building Systems by 86.0% in the fourth quarter. Federated Investors Inc. PA now owns 15,282 shares of the construction company’s stock valued at $239,000 after buying an additional 7,066 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in NCI Building Systems by 18.6% in the first quarter. Nuveen Asset Management LLC now owns 16,438 shares of the construction company’s stock valued at $282,000 after buying an additional 2,581 shares during the period. Institutional investors own 92.33% of the company’s stock.
NCI Building Systems Company Profile
NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.
Receive News & Ratings for NCI Building Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCI Building Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.