NCI Building Systems Inc (NCS) Given Average Rating of “Buy” by Brokerages

Shares of NCI Building Systems Inc (NYSE:NCS) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the firm. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.21.

Several analysts recently commented on NCS shares. TheStreet lowered shares of NCI Building Systems from a “b-” rating to a “c” rating in a research report on Tuesday, March 7th. Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 14th. Finally, Royal Bank of Canada upgraded shares of NCI Building Systems from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $18.00 to $20.00 in a research report on Tuesday, April 25th.

NCI Building Systems (NYSE:NCS) traded up 2.10% on Friday, hitting $17.00. 238,475 shares of the company were exchanged. NCI Building Systems has a 52 week low of $13.80 and a 52 week high of $18.10. The firm’s 50 day moving average is $16.94 and its 200 day moving average is $16.31. The company has a market capitalization of $1.20 billion, a P/E ratio of 26.07 and a beta of 1.64.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, March 7th. The construction company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $391.70 million for the quarter, compared to analyst estimates of $379.84 million. NCI Building Systems had a net margin of 3.01% and a return on equity of 18.84%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share. On average, equities research analysts forecast that NCI Building Systems will post $0.98 earnings per share for the current fiscal year.

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In other news, CEO Norman C. Chambers sold 40,000 shares of NCI Building Systems 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark E. Johnson sold 20,000 shares of NCI Building Systems stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now owns 228,399 shares in the company, valued at approximately $3,996,982.50. The disclosure for this sale can be found here. 1.78% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of NCI Building Systems by 13.7% in the third quarter. Swiss National Bank now owns 57,300 shares of the construction company’s stock valued at $836,000 after buying an additional 6,900 shares during the period. BlackRock Advisors LLC raised its stake in shares of NCI Building Systems by 55.9% in the third quarter. BlackRock Advisors LLC now owns 132,512 shares of the construction company’s stock valued at $1,933,000 after buying an additional 47,538 shares during the period. Ameriprise Financial Inc. raised its stake in shares of NCI Building Systems by 80.5% in the third quarter. Ameriprise Financial Inc. now owns 504,622 shares of the construction company’s stock valued at $7,362,000 after buying an additional 225,024 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of NCI Building Systems during the third quarter valued at about $7,192,000. Finally, Two Sigma Advisers LP raised its stake in shares of NCI Building Systems by 139.8% in the third quarter. Two Sigma Advisers LP now owns 290,037 shares of the construction company’s stock valued at $4,232,000 after buying an additional 169,104 shares during the period. Institutional investors and hedge funds own 94.88% of the company’s stock.

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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