NCI Building Systems (NCS) Short Interest Up 50.7% in April

NCI Building Systems (NYSE:NCS) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 800,076 shares, a growth of 50.7% from the April 13th total of 531,044 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 323,193 shares, the short-interest ratio is presently 2.5 days.

NCI Building Systems opened at $18.20 on Wednesday, MarketBeat Ratings reports. NCI Building Systems has a fifty-two week low of $18.05 and a fifty-two week high of $18.20. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 0.86. The company has a market capitalization of $1.22 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.42 and a beta of 1.46.

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NCI Building Systems (NYSE:NCS) last posted its earnings results on Tuesday, March 6th. The construction company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04. NCI Building Systems had a net margin of 3.21% and a return on equity of 21.00%. The firm had revenue of $421.30 million during the quarter, compared to the consensus estimate of $402.81 million. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts expect that NCI Building Systems will post 1.3 EPS for the current year.

NCI Building Systems announced that its board has authorized a stock buyback plan on Wednesday, March 7th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

A number of analysts have recently issued reports on NCS shares. Citigroup cut their price target on shares of NCI Building Systems from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. ValuEngine upgraded shares of NCI Building Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Zacks Investment Research downgraded shares of NCI Building Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price target on shares of NCI Building Systems in a report on Thursday, March 8th. Finally, Barclays set a $21.00 price target on shares of NCI Building Systems and gave the stock a “buy” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.00.

In other news, Director Kathleen J. Affeldt sold 21,788 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $18.00, for a total transaction of $392,184.00. Following the completion of the sale, the director now owns 48,316 shares in the company, valued at approximately $869,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.54% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in NCI Building Systems in the 1st quarter valued at approximately $178,000. Teacher Retirement System of Texas acquired a new stake in NCI Building Systems in the 4th quarter valued at approximately $282,000. Element Capital Management LLC acquired a new stake in NCI Building Systems in the 1st quarter valued at approximately $269,000. BlueCrest Capital Management Ltd acquired a new stake in NCI Building Systems in the 4th quarter valued at approximately $338,000. Finally, MetLife Investment Advisors LLC acquired a new stake in NCI Building Systems in the 4th quarter valued at approximately $378,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

NCI Building Systems Company Profile

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.