NCI Building Systems Inc (NYSE:NCS) – Investment analysts at Seaport Global Securities dropped their FY2017 EPS estimates for shares of NCI Building Systems in a report released on Monday. Seaport Global Securities analyst M. Mccall now forecasts that the construction company will post earnings of $0.77 per share for the year, down from their prior estimate of $0.80. Seaport Global Securities also issued estimates for NCI Building Systems’ Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.30 EPS.
Several other research firms also recently commented on NCS. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price objective on shares of NCI Building Systems in a report on Wednesday, October 18th. Barclays reiterated a “buy” rating and issued a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. Zacks Investment Research downgraded NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub downgraded NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.33.
NCI Building Systems (NYSE:NCS) last announced its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $495.21 million. NCI Building Systems had a return on equity of 18.31% and a net margin of 3.18%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS.
Several hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC lifted its stake in shares of NCI Building Systems by 28.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 13,796 shares of the construction company’s stock worth $237,000 after purchasing an additional 3,082 shares during the last quarter. Teachers Advisors LLC increased its position in NCI Building Systems by 7.4% during the 1st quarter. Teachers Advisors LLC now owns 115,216 shares of the construction company’s stock valued at $1,976,000 after buying an additional 7,978 shares in the last quarter. California Public Employees Retirement System increased its position in NCI Building Systems by 6.8% during the 1st quarter. California Public Employees Retirement System now owns 39,400 shares of the construction company’s stock valued at $676,000 after buying an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in NCI Building Systems by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,447,696 shares of the construction company’s stock valued at $24,828,000 after buying an additional 124,187 shares in the last quarter. Finally, Credit Suisse AG increased its position in NCI Building Systems by 42.8% during the 1st quarter. Credit Suisse AG now owns 70,286 shares of the construction company’s stock valued at $1,206,000 after buying an additional 21,079 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.
In other NCI Building Systems news, EVP Todd R. Moore sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total value of $82,500.00. Following the completion of the sale, the executive vice president now directly owns 82,458 shares in the company, valued at approximately $1,133,797.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Metcalf bought 30,000 shares of the stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $13.42 per share, with a total value of $402,600.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $402,600. The disclosure for this purchase can be found here. Corporate insiders own 1.78% of the company’s stock.
NCI Building Systems declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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.
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