ValuEngine lowered shares of NCI Building Systems (NYSE:NCS) from a buy rating to a hold rating in a report published on Thursday.
NCS has been the subject of a number of other reports. Barclays set a $23.00 target price on NCI Building Systems and gave the stock a buy rating in a research note on Sunday, January 7th. Citigroup lowered their target price on NCI Building Systems from $21.00 to $20.00 and set a neutral rating for the company in a research note on Thursday, January 25th. Zacks Investment Research cut NCI Building Systems from a buy rating to a hold rating in a research note on Wednesday, February 7th. Royal Bank of Canada reissued a buy rating and set a $20.00 target price on shares of NCI Building Systems in a research note on Thursday, March 8th. Finally, TheStreet raised NCI Building Systems from a c+ rating to a b- rating in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $20.00.
Shares of NYSE:NCS traded down $0.08 during mid-day trading on Thursday, reaching $17.42. The stock had a trading volume of 9,123 shares, compared to its average volume of 551,158. The company has a market capitalization of $1,140.97, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.32 and a beta of 1.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 0.86. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. NCI Building Systems had a net margin of 3.21% and a return on equity of 21.00%. The business had revenue of $421.30 million for the quarter, compared to the consensus estimate of $402.81 million. During the same period last year, the company posted $0.05 EPS. NCI Building Systems’s revenue for the quarter was up 7.6% on a year-over-year basis. equities research analysts expect that NCI Building Systems will post 1.3 earnings per share for the current year.
NCI Building Systems announced that its board has initiated a share repurchase program on Wednesday, March 7th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG grew its stake in shares of NCI Building Systems by 325.2% during the 4th quarter. Deutsche Bank AG now owns 596,315 shares of the construction company’s stock worth $11,507,000 after acquiring an additional 456,068 shares in the last quarter. KBC Group NV bought a new position in shares of NCI Building Systems during the 3rd quarter worth approximately $313,000. Bank of New York Mellon Corp grew its stake in shares of NCI Building Systems by 14.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 222,424 shares of the construction company’s stock worth $3,470,000 after acquiring an additional 27,446 shares in the last quarter. Koch Industries Inc. bought a new position in shares of NCI Building Systems during the 4th quarter worth approximately $707,000. Finally, Two Sigma Investments LP grew its stake in shares of NCI Building Systems by 1,627.0% during the 4th quarter. Two Sigma Investments LP now owns 515,453 shares of the construction company’s stock worth $9,948,000 after acquiring an additional 485,607 shares in the last quarter. 95.71% of the stock is owned by institutional investors.
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NCI Building Systems Company Profile
NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.
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