TheStreet lowered shares of NCI Building Systems (NYSE:NCS) from a b- rating to a c+ rating in a report released on Wednesday morning.

NCS has been the subject of several other research reports. Citigroup decreased their target price on NCI Building Systems from $22.00 to $17.00 and set a $16.05 rating for the company in a research report on Monday, July 23rd. Barclays downgraded NCI Building Systems from an overweight rating to an equal weight rating and cut their target price for the company from $24.00 to $19.00 in a research note on Friday, July 20th. ValuEngine downgraded NCI Building Systems from a buy rating to a hold rating in a research note on Thursday, July 19th. DA Davidson boosted their price objective on NCI Building Systems from $18.00 to $21.00 and gave the stock a neutral rating in a research note on Thursday, June 7th. Finally, Zacks Investment Research cut NCI Building Systems from a strong-buy rating to a hold rating in a report on Wednesday, May 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $19.67.

NYSE NCS traded up $0.20 during trading hours on Wednesday, hitting $14.80. 4,992 shares of the company’s stock were exchanged, compared to its average volume of 539,091. NCI Building Systems has a 12-month low of $13.05 and a 12-month high of $23.35. The company has a market capitalization of $975.92 million, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.04 and a beta of 1.52. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 1.56.

NCI Building Systems (NYSE:NCS) last posted its earnings results on Tuesday, June 5th. The construction company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. NCI Building Systems had a return on equity of 23.45% and a net margin of 1.92%. The business had revenue of $457.10 million during the quarter, compared to analyst estimates of $438.61 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts predict that NCI Building Systems will post 1.42 EPS for the current year.

In other news, CFO Mark E. Johnson sold 82,100 shares of NCI Building Systems stock in a transaction on Friday, June 8th. The stock was sold at an average price of $22.89, for a total transaction of $1,879,269.00. Following the transaction, the chief financial officer now owns 160,918 shares in the company, valued at $3,683,413.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Daniel Ronchetto sold 8,039 shares of NCI Building Systems stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $21.00, for a total value of $168,819.00. Following the transaction, the insider now owns 43,045 shares in the company, valued at approximately $903,945. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.

Several large investors have recently made changes to their positions in NCS. California Public Employees Retirement System increased its stake in NCI Building Systems by 23.7% during the second quarter. California Public Employees Retirement System now owns 46,319 shares of the construction company’s stock valued at $973,000 after acquiring an additional 8,869 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in NCI Building Systems during the 2nd quarter worth $1,029,000. Zacks Investment Management acquired a new position in NCI Building Systems during the 2nd quarter worth $1,387,000. OppenheimerFunds Inc. acquired a new position in shares of NCI Building Systems in the 2nd quarter valued at $351,000. Finally, Renaissance Technologies LLC lifted its stake in shares of NCI Building Systems by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,753,000 shares of the construction company’s stock valued at $57,813,000 after purchasing an additional 213,000 shares during the period. 94.73% of the stock is owned by 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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