Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of NCI Building Systems from a c+ rating to a b- rating in a research report on Wednesday, December 27th. Barclays set a $23.00 price objective on shares of NCI Building Systems and gave the stock a buy rating in a research report on Sunday, January 7th. Royal Bank of Canada reaffirmed a buy rating and set a $20.00 price objective on shares of NCI Building Systems in a research report on Thursday, March 8th. 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 research report on Tuesday, December 26th. Finally, DA Davidson reissued a hold rating and issued a $18.00 price target on shares of NCI Building Systems in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $20.00.
NCI Building Systems (NYSE:NCS) traded up $0.10 during trading hours on Thursday, hitting $17.85. 180,378 shares of the company were exchanged, compared to its average volume of 553,627. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 0.86. The stock has a market cap of $1,183.96, a PE ratio of 21.74, a P/E/G ratio of 1.45 and a beta of 1.57. NCI Building Systems has a 1 year low of $13.05 and a 1 year high of $21.20.
NCI Building Systems declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 7th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other NCI Building Systems news, EVP Todd R. Moore sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $19.43, for a total value of $699,480.00. Following the completion of the transaction, the executive vice president now owns 85,735 shares of the company’s stock, valued at approximately $1,665,831.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Norman C. Chambers sold 85,424 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $19.41, for a total transaction of $1,658,079.84. Following the completion of the transaction, the insider now directly owns 342,333 shares of the company’s stock, valued at approximately $6,644,683.53. The disclosure for this sale can be found here. Insiders sold a total of 129,374 shares of company stock valued at $2,512,842 in the last three months. 1.78% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of NCS. Parametric Portfolio Associates LLC boosted its position in NCI Building Systems by 68.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 23,189 shares of the construction company’s stock valued at $387,000 after buying an additional 9,393 shares during the period. Voya Investment Management LLC acquired a new stake in shares of NCI Building Systems in the 2nd quarter valued at $268,000. State Street Corp raised its holdings in shares of NCI Building Systems by 26.2% in the 2nd quarter. State Street Corp now owns 757,520 shares of the construction company’s stock valued at $12,647,000 after purchasing an additional 157,145 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of NCI Building Systems by 44.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,538 shares of the construction company’s stock valued at $544,000 after purchasing an additional 9,979 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of NCI Building Systems by 32.1% in the 2nd quarter. California State Teachers Retirement System now owns 70,821 shares of the construction company’s stock valued at $1,183,000 after purchasing an additional 17,200 shares in the last quarter. 95.71% of the stock is owned by 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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