NCI Building Systems Inc (NCS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of NCI Building Systems Inc (NYSE:NCS) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.50.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research restated a “hold” rating on shares of NCI Building Systems in a report on Wednesday, November 14th. DA Davidson set a $8.00 price objective on shares of NCI Building Systems and gave the company a “hold” rating in a report on Sunday, December 23rd. Barclays set a $9.00 price objective on shares of NCI Building Systems and gave the company a “hold” rating in a report on Thursday, December 20th. Seaport Global Securities set a $10.00 price objective on shares of NCI Building Systems and gave the company a “buy” rating in a report on Sunday, December 30th. Finally, Citigroup cut their price objective on shares of NCI Building Systems from $14.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, January 4th.

In other NCI Building Systems news, Director John J. Holland purchased 7,500 shares of the business’s stock in a transaction that occurred on Saturday, December 28th. The shares were bought at an average price of $7.20 per share, for a total transaction of $54,000.00. Following the acquisition, the director now owns 35,888 shares in the company, valued at $258,393.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James S. Metcalf purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was acquired at an average price of $7.09 per share, for a total transaction of $709,000.00. Following the acquisition, the chairman now owns 191,512 shares in the company, valued at approximately $1,357,820.08. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 115,000 shares of company stock worth $817,000. 1.54% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in NCI Building Systems in the 2nd quarter worth approximately $136,000. Pentwater Capital Management LP acquired a new position in NCI Building Systems in the 3rd quarter worth approximately $152,000. Trexquant Investment LP acquired a new position in NCI Building Systems in the 3rd quarter worth approximately $165,000. Quantbot Technologies LP acquired a new position in NCI Building Systems in the 3rd quarter worth approximately $185,000. Finally, Meeder Asset Management Inc. increased its holdings in NCI Building Systems by 1,096.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 12,375 shares of the construction company’s stock worth $187,000 after buying an additional 11,341 shares during the period. Institutional investors own 49.20% of the company’s stock.

NCS opened at $7.80 on Friday. NCI Building Systems has a 52-week low of $6.66 and a 52-week high of $23.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.76. The stock has a market cap of $980.21 million, a PE ratio of 5.38, a P/E/G ratio of 0.58 and a beta of 1.79.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings data on Wednesday, December 19th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. NCI Building Systems had a net margin of 3.15% and a return on equity of 33.27%. The firm had revenue of $573.60 million for the quarter, compared to the consensus estimate of $562.78 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, analysts anticipate that NCI Building Systems will post 1.34 earnings per share for the current fiscal year.

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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Analyst Recommendations for NCI Building Systems (NYSE:NCS)

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