Barclays set a $23.00 price objective on NCI Building Systems (NYSE:NCS) in a research note published on Sunday morning. The brokerage currently has a buy rating on the construction company’s stock.

Several other analysts also recently commented on the stock. Royal Bank of Canada reaffirmed a buy rating and issued a $22.00 price objective on shares of NCI Building Systems in a report on Friday, December 8th. DA Davidson reaffirmed a hold rating and issued a $18.00 price objective on shares of NCI Building Systems in a report on Friday, December 8th. Zacks Investment Research raised shares of NCI Building Systems from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Tuesday, December 26th. Finally, TheStreet raised shares of NCI Building Systems from a c+ rating to a b- rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. NCI Building Systems has a consensus rating of Buy and a consensus target price of $20.80.

NCI Building Systems (NYSE:NCS) traded down $0.05 during mid-day trading on Friday, hitting $19.40. 782,700 shares of the stock traded hands, compared to its average volume of 862,068. The stock has a market cap of $1,300.00, a P/E ratio of 25.19, a P/E/G ratio of 1.82 and a beta of 1.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.69 and a quick ratio of 1.06. NCI Building Systems has a fifty-two week low of $13.05 and a fifty-two week high of $21.20.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.10). The business had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. equities analysts forecast that NCI Building Systems will post 1.07 earnings per share for the current year.

NCI Building Systems announced that its Board of Directors has initiated a share buyback program on Tuesday, October 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, VP Bradley Scott Little sold 2,750 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $19.48, for a total transaction of $53,570.00. Following the sale, the vice president now directly owns 28,663 shares of the company’s stock, valued at $558,355.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Norman C. Chambers sold 85,424 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $19.41, for a total transaction of $1,658,079.84. Following the sale, the insider now directly owns 342,333 shares in the company, valued at $6,644,683.53. The disclosure for this sale can be found here. Insiders have sold 7,296,115 shares of company stock worth $141,263,459 over the last three months. 1.78% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in NCI Building Systems by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after buying an additional 1,163 shares in the last quarter. Legal & General Group Plc boosted its holdings in NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after buying an additional 2,559 shares in the last quarter. Quantbot Technologies LP purchased a new position in NCI Building Systems during the second quarter valued at $160,000. First Quadrant L P CA purchased a new position in NCI Building Systems during the third quarter valued at $161,000. Finally, Airain ltd purchased a new position in NCI Building Systems during the second quarter valued at $202,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

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About NCI Building Systems

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.

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