Shares of NCI Building Systems Inc (NYSE:NCS) gapped down before the market opened on Wednesday . The stock had previously closed at $21.85, but opened at $20.60. NCI Building Systems shares last traded at $18.90, with a volume of 4285300 shares traded.

Several analysts recently issued reports on NCS shares. BidaskClub lowered NCI Building Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Barclays reiterated a “buy” rating and set a $16.00 target price (down previously from $19.00) on shares of NCI Building Systems in a report on Friday, September 8th. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 target price on shares of NCI Building Systems in a report on Wednesday, October 18th. Finally, DA Davidson reissued a “hold” rating and set a $18.00 price target on shares of NCI Building Systems in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

The company has a current ratio of 1.79, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. The company has a market cap of $1,291.15, a PE ratio of 24.13, a P/E/G ratio of 1.80 and a beta of 1.68.

NCI Building Systems (NYSE:NCS) last posted its earnings results on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.10). The firm had revenue of $488.73 million during the quarter, compared to analyst estimates of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.79%. NCI Building Systems’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. analysts forecast that NCI Building Systems Inc will post 1.07 EPS for the current year.

NCI Building Systems announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

In related news, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.78% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NCS. Teachers Advisors LLC increased its holdings in NCI Building Systems by 7.4% in the first quarter. Teachers Advisors LLC now owns 115,216 shares of the construction company’s stock valued at $1,976,000 after purchasing an additional 7,978 shares during the period. California Public Employees Retirement System increased its holdings in NCI Building Systems by 6.8% in the first quarter. California Public Employees Retirement System now owns 39,400 shares of the construction company’s stock valued at $676,000 after purchasing an additional 2,500 shares during the period. Credit Suisse AG increased its holdings in NCI Building Systems by 42.8% in the first quarter. Credit Suisse AG now owns 70,286 shares of the construction company’s stock valued at $1,206,000 after purchasing an additional 21,079 shares during the period. Aperio Group LLC acquired a new stake in NCI Building Systems in the second quarter valued at $407,000. Finally, Russell Investments Group Ltd. acquired a new stake in NCI Building Systems in the second quarter valued at $878,000. Institutional investors own 91.91% of the company’s stock.

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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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