NCI Building Systems Inc (NCS) is Resumed by Citigroup to Neutral

NCI Building Systems Inc (NCS) was Resumed by Citigroup to “Neutral”. Citigroup advised their investors in a research report released on Oct 12, 2016.

On the company’s financial health, NCI Building Systems Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.29. The company had revenue of $462.40 million for the quarter, compared to analysts expectations of $462.20 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

NCI Building Systems Inc closed down -0.16 points or -1.08% at $14.63 with 4,09,229 shares getting traded on Tuesday. Post opening the session at $14.78, the shares hit an intraday low of $14.4811 and an intraday high of $14.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 7, 2016, Todd R Moore (EVP, GC & Secretary) sold 5,323 shares at $14.90 per share price. According to the SEC, on Sep 6, 2016, George L. Ball (director) purchased 4,500 shares at $15.15 per share price. On Sep 1, 2016, Robert Daniel Ronchetto (Chief Procurement Officer) sold 2,500 shares at $17.75 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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