NCI Building Systems, Inc. (NYSE:NCS) – Equities research analysts at Seaport Global Securities lowered their FY2017 earnings per share estimates for NCI Building Systems in a research note issued to investors on Sunday. Seaport Global Securities analyst M. Mccall now anticipates that the construction company will earn $0.80 per share for the year, down from their prior forecast of $1.05. Seaport Global Securities also issued estimates for NCI Building Systems’ Q4 2017 earnings at $0.32 EPS, Q3 2018 earnings at $0.42 EPS and FY2018 earnings at $1.10 EPS.
Several other brokerages have also commented on NCS. TheStreet upgraded shares of NCI Building Systems from a “c” rating to a “b-” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of NCI Building Systems from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Friday, June 9th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a research report on Tuesday, July 18th. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Barclays PLC reissued a “buy” rating and set a $16.00 price objective (down from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. One equities 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. The company currently has an average rating of “Hold” and an average price target of $18.30.
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NCI Building Systems (NYSE NCS) opened at 14.43 on Wednesday. The company has a market cap of $1.02 billion, a P/E ratio of 16.83 and a beta of 1.53. NCI Building Systems has a 52 week low of $13.05 and a 52 week high of $18.60. The company’s 50-day moving average is $16.60 and its 200-day moving average is $16.80.
NCI Building Systems (NYSE:NCS) last released its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). The business had revenue of $469.40 million for the quarter, compared to the consensus estimate of $495.21 million. NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. NCI Building Systems’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS.
Several institutional investors and hedge funds have recently modified their holdings of NCS. Teachers Advisors LLC boosted its stake in shares of NCI Building Systems by 78.4% during the fourth quarter. Teachers Advisors LLC now owns 107,238 shares of the construction company’s stock valued at $1,678,000 after purchasing an additional 47,111 shares during the period. Wells Fargo & Company MN raised its holdings in NCI Building Systems by 16.9% in the first quarter. Wells Fargo & Company MN now owns 169,130 shares of the construction company’s stock worth $2,901,000 after purchasing an additional 24,458 shares in the last quarter. First Trust Advisors LP raised its holdings in NCI Building Systems by 43.3% in the first quarter. First Trust Advisors LP now owns 127,847 shares of the construction company’s stock worth $2,193,000 after purchasing an additional 38,604 shares in the last quarter. American Century Companies Inc. raised its holdings in NCI Building Systems by 0.5% in the first quarter. American Century Companies Inc. now owns 1,142,507 shares of the construction company’s stock worth $19,594,000 after purchasing an additional 5,624 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in NCI Building Systems by 44.2% in the first quarter. Sei Investments Co. now owns 45,961 shares of the construction company’s stock worth $788,000 after purchasing an additional 14,086 shares in the last quarter. 93.82% of the stock is owned by hedge funds and other institutional investors.
In other news, Director James S. Metcalf acquired 30,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $13.42 per share, with a total value of $402,600.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $402,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Norman C. Chambers sold 45,000 shares of NCI Building Systems stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.74, for a total transaction of $798,300.00. Following the transaction, the insider now directly owns 476,403 shares of the company’s stock, valued at $8,451,389.22. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.
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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