NCI Building Systems, Inc. (NYSE:NCS) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 798,711 shares, a decrease of 37.1% from the August 31st total of 1,269,221 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,371,375 shares, the days-to-cover ratio is currently 0.6 days.

Several research firms recently weighed in on NCS. Zacks Investment Research lowered shares of NCI Building Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $20.00 price objective on shares of NCI Building Systems in a report on Tuesday, July 18th. TheStreet raised shares of NCI Building Systems from a “c” rating to a “b-” rating in a research note on Tuesday, June 6th. BidaskClub downgraded shares of NCI Building Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $16.00 target price (down previously from $19.00) on shares of NCI Building Systems in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. NCI Building Systems has an average rating of “Hold” and an average target price of $18.30.

In related news, Director James S. Metcalf bought 30,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $13.42 per share, for a total transaction of $402,600.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $402,600. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Norman C. Chambers sold 45,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.74, for a total value of $798,300.00. Following the transaction, the insider now owns 476,403 shares of the company’s stock, valued at $8,451,389.22. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NCS. Renaissance Technologies LLC boosted its stake in shares of NCI Building Systems by 5.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,140,020 shares of the construction company’s stock valued at $36,701,000 after purchasing an additional 118,020 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of NCI Building Systems by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,545,295 shares of the construction company’s stock worth $25,806,000 after buying an additional 97,599 shares during the period. Royce & Associates LP increased its position in shares of NCI Building Systems by 7.8% during the second quarter. Royce & Associates LP now owns 1,448,241 shares of the construction company’s stock worth $24,186,000 after buying an additional 104,532 shares during the period. Royal Bank of Canada raised its stake in NCI Building Systems by 83.5% during the second quarter. Royal Bank of Canada now owns 1,112,916 shares of the construction company’s stock worth $18,586,000 after buying an additional 506,499 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in NCI Building Systems by 2.5% during the first quarter. Kennedy Capital Management Inc. now owns 758,794 shares of the construction company’s stock worth $13,013,000 after buying an additional 18,825 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

NCI Building Systems (NYSE NCS) opened at 15.85 on Wednesday. NCI Building Systems has a 1-year low of $13.05 and a 1-year high of $18.60. The firm has a market capitalization of $1.12 billion, a PE ratio of 20.11 and a beta of 1.55. The firm has a 50-day moving average price of $15.58 and a 200-day moving average price of $16.70.

NCI Building Systems (NYSE:NCS) last released its earnings results on Wednesday, September 6th. The construction company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $469.40 million for the quarter, compared to analyst estimates of $495.21 million. NCI Building Systems had a net margin of 3.18% and a return on equity of 18.31%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Equities analysts expect that NCI Building Systems will post $0.80 earnings per share for the current fiscal year.

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NCI Building Systems Company Profile

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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