NCI Building Systems Inc (NCS) Receives Average Recommendation of “Hold” from Analysts

Shares of NCI Building Systems Inc (NYSE:NCS) have received an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.67.

Several brokerages have recently issued reports on NCS. Barclays reaffirmed a “hold” rating on shares of NCI Building Systems in a research note on Sunday, May 12th. DA Davidson lowered shares of NCI Building Systems from a “neutral” rating to an “underperform” rating and set a $4.00 target price on the stock. in a research note on Tuesday, February 19th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of NCI Building Systems in a research note on Sunday, May 12th.

Shares of NYSE NCS traded up $0.08 during mid-day trading on Thursday, hitting $6.10. The company’s stock had a trading volume of 576,299 shares, compared to its average volume of 808,238. The firm has a market capitalization of $763.10 million, a PE ratio of 4.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.82. The company has a current ratio of 1.72, a quick ratio of 0.99 and a debt-to-equity ratio of 3.89. NCI Building Systems has a one year low of $5.39 and a one year high of $23.35.

NCI Building Systems (NYSE:NCS) last issued its earnings results on Wednesday, May 8th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.30). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. NCI Building Systems had a net margin of 3.15% and a return on equity of 33.27%. The firm’s revenue for the quarter was up 152.7% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. As a group, equities research analysts anticipate that NCI Building Systems will post 0.9 earnings per share for the current fiscal year.

In other news, Chairman James S. Metcalf purchased 96,348 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $6.02 per share, for a total transaction of $580,014.96. Following the transaction, the chairman now directly owns 387,860 shares of the company’s stock, valued at approximately $2,334,917.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary L. Forbes purchased 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of $5.97 per share, for a total transaction of $47,760.00. Following the completion of the transaction, the director now directly owns 92,661 shares in the company, valued at $553,186.17. The disclosure for this purchase can be found here. Insiders purchased a total of 153,000 shares of company stock worth $935,642 over the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in shares of NCI Building Systems by 0.9% in the 1st quarter. Nordea Investment Management AB now owns 303,945 shares of the construction company’s stock valued at $1,872,000 after acquiring an additional 2,813 shares during the period. Jane Street Group LLC acquired a new stake in shares of NCI Building Systems in the 1st quarter valued at approximately $77,000. RMB Capital Management LLC raised its position in shares of NCI Building Systems by 1,305.2% in the 1st quarter. RMB Capital Management LLC now owns 266,145 shares of the construction company’s stock valued at $1,639,000 after acquiring an additional 247,205 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of NCI Building Systems in the 1st quarter valued at approximately $146,000. Finally, Marshall Wace LLP raised its position in shares of NCI Building Systems by 28.8% in the 1st quarter. Marshall Wace LLP now owns 1,187,700 shares of the construction company’s stock valued at $7,316,000 after acquiring an additional 265,454 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

About NCI Building Systems

NCI Building Systems, Inc designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates in four segments: Engineered Building Systems, Metal Components, Insulated Metal Panels, 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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