NCI Building Systems (NCS) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of NCI Building Systems (NYSE:NCS) from a sell rating to a strong sell rating in a research report report published on Monday morning.

NCS has been the subject of a number of other research reports. Barclays cut NCI Building Systems from an overweight rating to an equal weight rating and reduced their target price for the company from $24.00 to $19.00 in a report on Friday, July 20th. TheStreet cut NCI Building Systems from a b- rating to a c+ rating in a report on Wednesday, August 15th. Finally, Citigroup cut their price target on NCI Building Systems from $22.00 to $17.00 and set a $16.05 rating for the company in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $19.67.

Shares of NCI Building Systems stock traded up $0.28 during mid-day trading on Monday, reaching $12.46. 28,592 shares of the stock traded hands, compared to its average volume of 521,176. NCI Building Systems has a fifty-two week low of $12.01 and a fifty-two week high of $23.35. The stock has a market capitalization of $824.24 million, a P/E ratio of 15.45, a PEG ratio of 0.86 and a beta of 1.44. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.58 and a quick ratio of 0.85.

NCI Building Systems (NYSE:NCS) last announced its earnings results on Tuesday, August 28th. The construction company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. NCI Building Systems had a return on equity of 29.00% and a net margin of 2.77%. The business had revenue of $548.50 million during the quarter, compared to analysts’ expectations of $534.27 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. As a group, research analysts anticipate that NCI Building Systems will post 1.45 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of NCI Building Systems by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 227,237 shares of the construction company’s stock valued at $4,022,000 after purchasing an additional 4,485 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of NCI Building Systems in the first quarter valued at approximately $107,000. SG Americas Securities LLC acquired a new stake in shares of NCI Building Systems in the second quarter valued at approximately $136,000. Northern Trust Corp increased its holdings in shares of NCI Building Systems by 1.3% in the second quarter. Northern Trust Corp now owns 552,919 shares of the construction company’s stock valued at $11,611,000 after purchasing an additional 7,042 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of NCI Building Systems by 23.7% in the second quarter. California Public Employees Retirement System now owns 46,319 shares of the construction company’s stock valued at $973,000 after purchasing an additional 8,869 shares during the last quarter. 94.25% of the stock is owned by hedge funds and other institutional investors.

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.

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