NCI Building Systems (NCS) Receives “Buy” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of NCI Building Systems (NYSE:NCS) in a research note published on Friday morning. The firm currently has a $22.00 target price on the construction company’s stock.

A number of other equities research analysts also recently issued reports on NCS. DA Davidson increased their price objective on shares of NCI Building Systems to $18.00 and gave the stock a neutral rating in a research note on Friday. BidaskClub downgraded shares of NCI Building Systems from a hold rating to a sell rating in a research note on Saturday, August 19th. Finally, Barclays reiterated a buy rating and set a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. One research 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. NCI Building Systems presently has an average rating of Hold and an average target price of $20.25.

Shares of NCI Building Systems (NCS) traded up $0.95 during trading on Friday, reaching $20.00. 1,320,000 shares of the company’s stock were exchanged, compared to its average volume of 489,083. The firm has a market capitalization of $1,420.00, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.85 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 has a 12-month low of $13.05 and a 12-month high of $20.35.

NCI Building Systems (NYSE:NCS) last announced its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). The firm had revenue of $488.73 million for the quarter, compared to analyst estimates of $477.13 million. NCI Building Systems had a return on equity of 18.79% and a net margin of 3.08%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. research analysts forecast that NCI Building Systems will post 1.03 earnings per share for the current year.

NCI Building Systems declared that its board has approved a share repurchase program on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In related news, Director James S. Metcalf bought 30,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average price of $13.42 per share, with a total value of $402,600.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $402,600. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Todd R. Moore sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $13.75, for a total transaction of $82,500.00. Following the completion of the transaction, the executive vice president now directly owns 82,458 shares of the company’s stock, valued at approximately $1,133,797.50. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in NCI Building Systems by 25.3% in the 2nd quarter. New York State Common Retirement Fund now owns 56,430 shares of the construction company’s stock valued at $942,000 after buying an additional 11,399 shares during the last quarter. Royce & Associates LP raised its holdings in NCI Building Systems by 7.8% in the 2nd quarter. Royce & Associates LP now owns 1,448,241 shares of the construction company’s stock valued at $24,186,000 after buying an additional 104,532 shares during the last quarter. Russell Investments Group Ltd. bought a new position in NCI Building Systems in the 2nd quarter valued at approximately $878,000. Elk Creek Partners LLC bought a new position in NCI Building Systems in the 2nd quarter valued at approximately $7,070,000. Finally, SeaBridge Investment Advisors LLC raised its holdings in NCI Building Systems by 43.5% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 274,692 shares of the construction company’s stock valued at $4,285,000 after buying an additional 83,262 shares during the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

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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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