The NCI Building Systems’ (NCS) Neutral Rating Reaffirmed at Citigroup Inc.

The NCI Building Systems’ (NCS) Neutral Rating Reaffirmed at Citigroup Inc.

Citigroup Inc. reissued their neutral rating on shares of NCI Building Systems Inc. (NYSE:NCS) in a report published on Wednesday morning. The firm currently has a $16.50 price objective on the stock.

A number of other brokerages have also weighed in on NCS. Zacks Investment Research raised NCI Building Systems from a hold rating to a buy rating and set a $19.00 price objective on the stock in a report on Thursday, August 25th. Credit Suisse Group AG reaffirmed a buy rating on shares of NCI Building Systems in a report on Wednesday, June 29th. DA Davidson set a $17.00 price objective on NCI Building Systems and gave the company a hold rating in a report on Wednesday, August 31st. Finally, TheStreet raised NCI Building Systems from a hold rating to a buy rating in a report on Tuesday, August 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $16.79.

NCI Building Systems (NYSE:NCS) traded down 1.44% during midday trading on Wednesday, hitting $14.34. The stock had a trading volume of 93,725 shares. NCI Building Systems has a 12-month low of $9.07 and a 12-month high of $17.85. The firm has a market cap of $1.02 billion, a P/E ratio of 21.24 and a beta of 1.66. The stock has a 50-day moving average price of $15.02 and a 200 day moving average price of $15.63.

NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. NCI Building Systems had a return on equity of 20.05% and a net margin of 3.00%. The firm had revenue of $462.40 million for the quarter, compared to analyst estimates of $450.46 million. During the same quarter last year, the company posted $0.15 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that NCI Building Systems will post $0.75 earnings per share for the current fiscal year.

In related news, EVP Todd R. Moore sold 5,323 shares of NCI Building Systems stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $14.90, for a total transaction of $79,312.70. Following the completion of the transaction, the executive vice president now directly owns 76,546 shares in the company, valued at approximately $1,140,535.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Daniel Ronchetto sold 5,000 shares of NCI Building Systems stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $17.61, for a total value of $88,050.00. Following the transaction, the insider now owns 43,213 shares of the company’s stock, valued at $760,980.93. The disclosure for this sale can be found here. Insiders own 4.49% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NCS. Copper Rock Capital Partners LLC bought a new position in shares of NCI Building Systems during the third quarter valued at about $23,572,000. Balter Liquid Alternatives LLC increased its position in shares of NCI Building Systems by 98.4% in the first quarter. Balter Liquid Alternatives LLC now owns 204,813 shares of the company’s stock valued at $2,908,000 after buying an additional 101,595 shares in the last quarter. Menta Capital LLC increased its position in shares of NCI Building Systems by 51.0% in the first quarter. Menta Capital LLC now owns 58,317 shares of the company’s stock valued at $828,000 after buying an additional 19,700 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of NCI Building Systems by 24.2% in the first quarter. UBS Asset Management Americas Inc. now owns 522,374 shares of the company’s stock valued at $7,418,000 after buying an additional 101,903 shares in the last quarter. Finally, Springbok Capital Management LLC increased its position in shares of NCI Building Systems by 390.3% in the first quarter. Springbok Capital Management LLC now owns 15,200 shares of the company’s stock valued at $216,000 after buying an additional 12,100 shares in the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.

About NCI Building Systems

Related posts

Leave a Comment