NCI Building Systems Inc (NYSE:NCS) shares were down 8.3% on Tuesday . The company traded as low as $18.33 and last traded at $18.90. Approximately 4,285,342 shares traded hands during trading, an increase of 803% from the average daily volume of 474,827 shares. The stock had previously closed at $20.60.

A number of research analysts recently weighed in on NCS shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of NCI Building Systems in a research report on Wednesday, October 18th. DA Davidson reaffirmed a “hold” rating and set a $18.00 price objective on shares of NCI Building Systems in a research report on Friday. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Barclays set a $21.00 target price on NCI Building Systems and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

The stock has a market capitalization of $1,340.00, a P/E ratio of 25.00, a PEG ratio of 1.90 and a beta of 1.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.79 and a quick ratio of 1.06.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The firm had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. NCI Building Systems had a return on equity of 18.79% and a net margin of 3.08%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. analysts expect that NCI Building Systems Inc will post 1.05 earnings per share for the current fiscal year.

NCI Building Systems declared that its board has authorized a stock buyback plan on Tuesday, October 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in NCI Building Systems by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after purchasing an additional 1,163 shares in the last quarter. Legal & General Group Plc lifted its position in NCI Building Systems by 41.0% during the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,559 shares in the last quarter. Quantbot Technologies LP purchased a new position in NCI Building Systems during the second quarter valued at $160,000. First Quadrant L P CA purchased a new position in NCI Building Systems during the third quarter valued at $161,000. Finally, Airain ltd purchased a new position in NCI Building Systems during the second quarter valued at $202,000. Institutional investors own 91.91% of the company’s stock.

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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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