DA Davidson Reaffirms Hold Rating for NCI Building Systems (NCS)

DA Davidson restated their hold rating on shares of NCI Building Systems (NYSE:NCS) in a report issued on Friday morning. DA Davidson currently has a $18.00 target price on the construction company’s stock. DA Davidson also issued estimates for NCI Building Systems’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.33 EPS.

Several other research firms also recently commented on NCS. Barclays reissued a buy rating and set a $16.00 price target (down from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. Royal Bank of Canada reaffirmed a buy rating and issued a $16.00 target price on shares of NCI Building Systems in a research note on Wednesday, October 18th. Finally, BidaskClub downgraded shares of NCI Building Systems from a hold rating to a sell rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. NCI Building Systems currently has an average rating of Hold and an average target price of $20.25.

NCI Building Systems (NYSE NCS) opened at $20.60 on Friday. The company has a market cap of $1,418.38, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. NCI Building Systems has a one year low of $13.05 and a one year high of $21.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 1.79.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.10). The business had revenue of $488.73 million for the quarter, compared to analysts’ expectations 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 revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. sell-side analysts predict that NCI Building Systems will post 1.05 EPS for the current fiscal year.

NCI Building Systems announced that its board has authorized a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in NCS. Victory Capital Management Inc. boosted its holdings in NCI Building Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,163 shares in the last quarter. Legal & General Group Plc boosted its holdings in NCI Building Systems by 41.0% in the second quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock valued at $147,000 after acquiring an additional 2,559 shares in the last quarter. Quantbot Technologies LP bought a new stake in NCI Building Systems in the second quarter valued at $160,000. First Quadrant L P CA bought a new stake in NCI Building Systems in the third quarter valued at $161,000. Finally, Airain ltd bought a new stake in shares of NCI Building Systems during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 91.91% 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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