Several other research firms have also issued reports on NCS. TheStreet upgraded NCI Building Systems from a c+ rating to a b- rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded NCI Building Systems from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Tuesday, December 26th. DA Davidson reiterated a hold rating and set a $18.00 target price on shares of NCI Building Systems in a report on Friday, December 8th. Royal Bank of Canada reiterated a buy rating and set a $22.00 target price on shares of NCI Building Systems in a report on Friday, December 8th. Finally, Citigroup reduced their target price on NCI Building Systems from $21.00 to $20.00 and set a neutral rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $20.00.
NCI Building Systems (NYSE:NCS) opened at $17.20 on Thursday. NCI Building Systems has a 12-month low of $13.05 and a 12-month high of $21.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.69 and a quick ratio of 1.06. The stock has a market capitalization of $1,137.66, a price-to-earnings ratio of 19.33, a PEG ratio of 1.48 and a beta of 1.57.
NCI Building Systems declared that its board has authorized a stock buyback program on Wednesday, March 7th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management 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 dated Thursday, December 21st. The stock was sold at an average price of $19.56, for a total transaction of $101,712.00. Following the transaction, the executive vice president now directly owns 53,051 shares in the company, valued at $1,037,677.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Todd R. Moore sold 36,000 shares of NCI Building Systems stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $19.43, for a total value of $699,480.00. Following the transaction, the executive vice president now owns 85,735 shares in the company, valued at $1,665,831.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,296,115 shares of company stock worth $141,263,459. Corporate insiders own 1.78% of the company’s stock.
A number of hedge funds have recently bought and sold shares of NCS. Millennium Management LLC bought a new position in NCI Building Systems during the fourth quarter worth about $37,432,000. Goldman Sachs Group Inc. raised its stake in shares of NCI Building Systems by 757.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,424,286 shares of the construction company’s stock valued at $27,489,000 after purchasing an additional 1,258,255 shares during the period. Investment Counselors of Maryland LLC acquired a new stake in shares of NCI Building Systems in the 3rd quarter valued at about $12,225,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of NCI Building Systems in the 3rd quarter valued at about $8,511,000. Finally, Renaissance Technologies LLC raised its stake in shares of NCI Building Systems by 25.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,675,820 shares of the construction company’s stock valued at $51,643,000 after purchasing an additional 542,320 shares during the period. Hedge funds and other institutional investors own 94.24% 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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