TheStreet Upgrades NCI Building Systems (NCS) to “B-“

TheStreet upgraded shares of NCI Building Systems (NYSE:NCS) from a c+ rating to a b- rating in a research report sent to investors on Wednesday, December 27th.

A number of other brokerages have also issued reports on NCS. Royal Bank of Canada reaffirmed a buy rating and set a $16.00 price objective on shares of NCI Building Systems in a report on Wednesday, October 18th. Zacks Investment Research raised shares of NCI Building Systems from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Tuesday, December 26th. Barclays set a $21.00 price objective on shares of NCI Building Systems and gave the company a buy rating in a report on Friday, December 8th. Finally, DA Davidson reaffirmed a hold rating and set a $18.00 price objective on shares of NCI Building Systems in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $21.00.

NCI Building Systems (NCS) opened at $18.90 on Wednesday. NCI Building Systems has a one year low of $13.05 and a one year high of $21.20. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1,270.00, a P/E ratio of 24.55, a PEG ratio of 1.82 and a beta of 1.68.

NCI Building Systems (NYSE:NCS) last released its earnings results on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). NCI Building Systems had a return on equity of 18.76% and a net margin of 3.08%. The firm had revenue of $488.73 million for the quarter, compared to the consensus estimate of $477.13 million. During the same quarter in the previous year, the business posted $0.28 EPS. NCI Building Systems’s revenue was up 1.8% on a year-over-year basis. research analysts expect that NCI Building Systems will post 1.07 earnings per share for the current fiscal year.

NCI Building Systems declared that its board has authorized a share repurchase plan on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

In other NCI Building Systems news, EVP Katy Theroux sold 5,200 shares of NCI Building Systems stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $19.56, for a total transaction of $101,712.00. Following the completion of the transaction, the executive vice president now directly owns 53,051 shares of the company’s stock, valued at $1,037,677.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of NCI Building Systems stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total transaction of $138,424,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,296,115 shares of company stock valued at $141,263,459. 1.78% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in NCS. Victory Capital Management Inc. lifted its position in shares of 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 worth $130,000 after purchasing an additional 1,163 shares during the last quarter. Legal & General Group Plc lifted its position in shares of 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 worth $147,000 after purchasing an additional 2,559 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of NCI Building Systems during the second quarter worth $160,000. First Quadrant L P CA bought a new stake in shares of NCI Building Systems during the third quarter worth $161,000. Finally, Airain ltd bought a new stake in shares of NCI Building Systems during the second quarter worth $202,000. Institutional investors and hedge funds own 96.22% 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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