NCI Building Systems Inc (NCS) is Downgraded by DA Davidson to Neutral, Price Target at $16

NCI Building Systems Inc (NCS) was Downgraded by DA Davidson to ” Neutral” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on May 19, 2016.

Many Wall Street Analysts have commented on NCI Building Systems Inc. Company shares were Reiterated by FBR Capital on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $11 .

On the company’s financial health, NCI Building Systems Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $0.02. The company had revenue of $370.00 million for the quarter, compared to analysts expectations of $363.64 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

NCI Building Systems Inc opened for trading at $15.36 and hit $15.94 on the upside on Monday, eventually ending the session at $15.82, with a gain of 3.40% or 0.52 points. The heightened volatility saw the trading volume jump to 4,83,376 shares. Company has a market cap of $1,153 M.

In a different news, on Mar 16, 2016, Mark E Johnson (CFO) sold 18,000 shares at $12.88 per share price. According to the SEC, on Mar 16, 2016, Todd R Moore (EVP, GC & Secretary) sold 50,000 shares at $12.74 per share price. On Feb 12, 2016, Eric James Brown (EVP & CIO) sold 8,000 shares at $9.34 per share price, according to the Form-4 filing with the securities and exchange commission.

NCI Building Systems Inc. is a manufacturer and marketer of metal products for the nonresidential construction industry. The Company provides metal coil coating services for commercial and construction applications servicing customers. The Company design engineers manufactures and markets metal components and engineered building systems in the industry. The Company operates in three segments including metal coil coating metal components and engineered building systems. The metal coil coating segment consists of cleaning treating painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users. The metal components segment products include metal roof and wall panels doors metal partitions metal trim insulated panels and other related accessories. The engineered building systems segment includes the manufacturing of main frames Long-Bay Systems and value-added engineering and drafting.

NCI Building Systems Inc

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