NCI Building Systems (NCS) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of NCI Building Systems (NYSE:NCS) from a hold rating to a buy rating in a report issued on Wednesday.

A number of other equities analysts have also issued reports on NCS. Stephens reissued a hold rating and set a $20.00 price target on shares of NCI Building Systems in a research report on Thursday, March 15th. Barclays reaffirmed an overweight rating on shares of NCI Building Systems in a report on Thursday, March 8th. Royal Bank of Canada reaffirmed a buy rating and set a $20.00 target price on shares of NCI Building Systems in a report on Thursday, March 8th. Citigroup cut their target price on shares of NCI Building Systems from $21.00 to $20.00 and set a neutral rating for the company in a report on Thursday, January 25th. Finally, TheStreet raised shares of NCI Building Systems from a c+ rating to a b- rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. NCI Building Systems has an average rating of Hold and a consensus price target of $20.00.

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NCS opened at $17.80 on Wednesday. NCI Building Systems has a 12-month low of $13.05 and a 12-month high of $21.20. The company has a quick ratio of 0.86, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. The company has a market cap of $1,183.96, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. NCI Building Systems had a net margin of 3.21% and a return on equity of 21.00%. The company had revenue of $421.30 million during the quarter, compared to analyst estimates of $402.81 million. During the same period last year, the firm posted $0.05 EPS. NCI Building Systems’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts expect that NCI Building Systems will post 1.3 EPS for the current year.

NCI Building Systems declared that its board has authorized a stock repurchase plan on Wednesday, March 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Several large investors have recently bought and sold shares of NCS. Renaissance Technologies LLC grew its stake in 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 acquiring an additional 542,320 shares during the period. BlackRock Inc. grew its stake in NCI Building Systems by 1.5% in the 4th quarter. BlackRock Inc. now owns 2,555,466 shares of the construction company’s stock valued at $49,321,000 after acquiring an additional 37,591 shares during the period. Millennium Management LLC acquired a new stake in NCI Building Systems in the 4th quarter valued at $37,432,000. Dimensional Fund Advisors LP grew its stake in NCI Building Systems by 17.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,815,652 shares of the construction company’s stock valued at $28,324,000 after acquiring an additional 270,357 shares during the period. Finally, Royce & Associates LP grew its stake in NCI Building Systems by 5.0% in the 4th quarter. Royce & Associates LP now owns 1,524,330 shares of the construction company’s stock valued at $29,420,000 after acquiring an additional 73,134 shares during the period. 95.72% of the stock is owned by hedge funds and other institutional investors.

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About NCI Building Systems

NCI Building Systems, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates through three segments: Engineered Building Systems, Metal Components, and Metal Coil Coating. The Engineered Building Systems segment offers engineered structural members and panels; and self-storage building systems under the Metallic, Mid-West Steel, A & S, All American, Mesco, Star, Ceco, Robertson, Garco, Heritage, and SteelBuilding.com brands to builders, general contractors, developers, and end users directly, as well as through private label companies.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NCI Building Systems (NYSE:NCS)

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