NCI Building Systems (NCS) Rating Lowered to Underperform at DA Davidson

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NCI Building Systems (NYSE:NCS) was downgraded by equities researchers at DA Davidson from a “neutral” rating to an “underperform” rating in a report released on Tuesday, February 19th, MarketBeat Ratings reports. They currently have a $4.00 price target on the construction company’s stock. DA Davidson’s price objective indicates a potential downside of 40.12% from the company’s previous close. DA Davidson also issued estimates for NCI Building Systems’ Q1 2019 earnings at ($0.13) EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.01 EPS, FY2019 earnings at $0.06 EPS and FY2020 earnings at $0.33 EPS.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research restated a “hold” rating on shares of NCI Building Systems in a research report on Wednesday, November 14th. Barclays set a $11.00 target price on shares of NCI Building Systems and gave the company a “hold” rating in a research report on Wednesday, December 12th. Seaport Global Securities set a $10.00 target price on shares of NCI Building Systems and gave the company a “buy” rating in a research report on Sunday, December 30th. Citigroup cut their target price on shares of NCI Building Systems from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, January 4th. Finally, ValuEngine downgraded shares of NCI Building Systems from a “sell” rating to a “strong sell” rating in a research report on Monday, October 29th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.83.

NYSE NCS traded up $0.13 on Tuesday, hitting $6.68. 1,217,876 shares of the company were exchanged, compared to its average volume of 867,211. The company has a market cap of $821.87 million, a price-to-earnings ratio of 4.61, a price-to-earnings-growth ratio of 0.61 and a beta of 1.90. The company has a quick ratio of 1.00, a current ratio of 1.76 and a debt-to-equity ratio of 1.22. NCI Building Systems has a 1-year low of $6.14 and a 1-year high of $23.35.

NCI Building Systems (NYSE:NCS) last issued its quarterly earnings results on Wednesday, December 19th. The construction company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $562.78 million. NCI Building Systems had a net margin of 3.15% and a return on equity of 33.27%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, equities analysts expect that NCI Building Systems will post 1.02 earnings per share for the current year.

In other NCI Building Systems news, Director Gary L. Forbes bought 4,750 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was acquired at an average cost of $8.06 per share, with a total value of $38,285.00. Following the purchase, the director now owns 84,661 shares in the company, valued at $682,367.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James S. Metcalf bought 100,000 shares of the stock in a transaction that occurred on Monday, December 24th. The shares were acquired at an average cost of $7.09 per share, with a total value of $709,000.00. Following the completion of the purchase, the chairman now owns 191,512 shares in the company, valued at approximately $1,357,820.08. The disclosure for this purchase can be found here. Insiders purchased a total of 139,750 shares of company stock worth $990,765 over the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in shares of NCI Building Systems during the 4th quarter worth approximately $4,710,000. Golden Gate Private Equity Inc. bought a new position in shares of NCI Building Systems during the 4th quarter worth approximately $121,361,000. Dimensional Fund Advisors LP grew its stake in shares of NCI Building Systems by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,033,165 shares of the construction company’s stock worth $14,741,000 after acquiring an additional 66,446 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of NCI Building Systems by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 301,132 shares of the construction company’s stock worth $2,183,000 after acquiring an additional 11,468 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of NCI Building Systems by 24.9% during the 4th quarter. Macquarie Group Ltd. now owns 111,975 shares of the construction company’s stock worth $812,000 after acquiring an additional 22,356 shares in the last quarter. 81.07% of the stock is owned by institutional investors.

About NCI Building Systems

NCI Building Systems, Inc designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America. It operates in four segments: Engineered Building Systems, Metal Components, Insulated Metal Panels, 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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Analyst Recommendations for NCI Building Systems (NYSE:NCS)

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