NCI Building Systems, Inc. (NCS) Receives Buy Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their buy rating on shares of NCI Building Systems, Inc. (NYSE:NCS) in a research report released on Tuesday. They currently have a $20.00 price target on the construction company’s stock.
NCS has been the subject of several other research reports. Zacks Investment Research lowered NCI Building Systems from a buy rating to a hold rating in a research report on Tuesday, May 9th. TheStreet upgraded NCI Building Systems from a c rating to a b- rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $18.50.
Shares of NCI Building Systems (NCS) traded up 0.85% during midday trading on Tuesday, reaching $17.75. The company’s stock had a trading volume of 115,358 shares. NCI Building Systems has a 1-year low of $13.80 and a 1-year high of $18.10. The company’s 50-day moving average price is $17.11 and its 200 day moving average price is $16.58. The firm has a market capitalization of $1.26 billion, a PE ratio of 20.71 and a beta of 1.50.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Tuesday, June 6th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $420.50 million during the quarter, compared to analyst estimates of $409.24 million. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. On average, equities research analysts forecast that NCI Building Systems will post $1.00 earnings per share for the current year.
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In other NCI Building Systems news, CFO Mark E. Johnson sold 20,000 shares of NCI Building Systems stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. Following the sale, the chief financial officer now owns 228,399 shares of the company’s stock, valued at approximately $3,996,982.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Norman C. Chambers sold 40,000 shares of NCI Building Systems stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $17.50, for a total value of $700,000.00. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NCS. Renaissance Technologies LLC increased its stake in shares of NCI Building Systems by 5.8% in the first quarter. Renaissance Technologies LLC now owns 2,140,020 shares of the construction company’s stock valued at $36,701,000 after buying an additional 118,020 shares during the last quarter. RE Advisers Corp increased its stake in shares of NCI Building Systems by 7.5% in the first quarter. RE Advisers Corp now owns 2,104,992 shares of the construction company’s stock valued at $36,101,000 after buying an additional 145,992 shares during the last quarter. Copper Rock Capital Partners LLC increased its stake in NCI Building Systems by 1.8% in the first quarter. Copper Rock Capital Partners LLC now owns 1,653,414 shares of the construction company’s stock worth $28,604,000 after buying an additional 28,518 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NCI Building Systems by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,447,696 shares of the construction company’s stock worth $24,828,000 after buying an additional 124,187 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in NCI Building Systems by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,351,411 shares of the construction company’s stock worth $22,096,000 after buying an additional 91,425 shares in the last quarter. 92.33% of the stock is currently owned by hedge funds and other institutional investors.
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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