Analysts Set NCI Building Systems Inc (NCS) Target Price at $17.33
NCI Building Systems Inc (NYSE:NCS) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is A$17.33 ($13.33).
A number of research firms have recently issued reports on NCS. Barclays PLC reaffirmed a “buy” rating and set a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th.
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In other NCI Building Systems news, EVP Todd R. Moore sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of A$13.75 ($10.58), for a total value of A$82,500.00 ($63,461.54). Following the completion of the sale, the executive vice president now directly owns 82,458 shares of the company’s stock, valued at A$1,133,797.50 ($872,151.92). The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Metcalf purchased 30,000 shares of the stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of A$13.42 ($10.32) per share, with a total value of A$402,600.00 ($309,692.31). Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at A$402,600 ($309,692.31). The disclosure for this purchase can be found here.
Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in NCI Building Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the company’s stock worth $130,000 after purchasing an additional 1,163 shares during the last quarter. Legal & General Group Plc lifted its stake in NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the company’s stock worth $147,000 after purchasing an additional 2,559 shares during the last quarter. Quantbot Technologies LP bought a new stake in NCI Building Systems in the second quarter worth $160,000. First Quadrant L P CA bought a new stake in NCI Building Systems in the third quarter worth $161,000. Finally, Eqis Capital Management Inc. bought a new position in shares of NCI Building Systems during the second quarter valued at about $186,000.
NCI Building Systems (NYSE:NCS) traded up A$0.05 ($0.04) during midday trading on Friday, hitting A$15.85 ($12.19). 230,271 shares of the stock were exchanged, compared to its average volume of 381,826. NCI Building Systems has a 52 week low of A$13.05 ($10.04) and a 52 week high of A$18.60 ($14.31).
NCI Building Systems (NYSE:NCS) last posted its quarterly earnings data on Wednesday, September 6th. The company reported A$0.27 ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of A$0.32 ($0.25) by A($0.05) (($0.04)). NCI Building Systems had a return on equity of 23.19% and a net margin of 3.88%. The company had revenue of A$469.40 million for the quarter, compared to the consensus estimate of A$495.21 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis.
NCI Building Systems announced that its board has authorized a stock repurchase program on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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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