Barclays set a $23.00 price objective on NCI Building Systems (NYSE:NCS) in a research report report published on Sunday morning. The firm currently has a buy rating on the construction company’s stock.

NCS has been the subject of several other research reports. Zacks Investment Research upgraded shares of NCI Building Systems from a hold rating to a buy rating and set a $21.00 price target for the company in a research report on Tuesday, December 26th. DA Davidson reiterated a hold rating and issued a $18.00 price target on shares of NCI Building Systems in a research report on Friday, December 8th. Royal Bank of Canada reiterated a buy rating and issued a $16.00 price target on shares of NCI Building Systems in a research report on Wednesday, October 18th. Finally, TheStreet upgraded shares of NCI Building Systems from a c+ rating to a b- rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $21.00.

NCI Building Systems (NYSE NCS) opened at $18.80 on Friday. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.69 and a quick ratio of 1.06. The stock has a market cap of $1,280.00, a price-to-earnings ratio of 24.42, a PEG ratio of 1.82 and a beta of 1.68.

NCI Building Systems (NYSE:NCS) last released 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). NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. The business had revenue of $488.73 million during the quarter, compared to analysts’ expectations of $477.13 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. sell-side analysts expect that NCI Building Systems will post 1.07 earnings per share for the current year.

NCI Building Systems announced that its board has approved a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, EVP Todd R. Moore sold 36,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $19.43, for a total value of $699,480.00. Following the completion of the sale, the executive vice president now owns 85,735 shares in the company, valued at approximately $1,665,831.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $19.36, for a total transaction of $138,424,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,296,115 shares of company stock valued at $141,263,459. 1.78% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in NCI Building Systems by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,757 shares of the construction company’s stock worth $130,000 after buying an additional 1,163 shares during the last quarter. Legal & General Group Plc raised its position in NCI Building Systems by 41.0% during the 2nd quarter. Legal & General Group Plc now owns 8,802 shares of the construction company’s stock worth $147,000 after buying an additional 2,559 shares during the last quarter. Quantbot Technologies LP purchased a new position in NCI Building Systems during the 2nd quarter worth $160,000. First Quadrant L P CA purchased a new position in NCI Building Systems during the 3rd quarter worth $161,000. Finally, Airain ltd purchased a new position in NCI Building Systems during the 2nd quarter worth $202,000. Institutional investors own 96.22% of the company’s stock.

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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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