NCI Building Systems Inc (NYSE:NCS) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 727,034 shares, a decline of 36.2% from the November 30th total of 1,139,567 shares. Based on an average daily trading volume, of 1,388,393 shares, the short-interest ratio is currently 0.5 days. Approximately 1.6% of the shares of the company are short sold.

NCI Building Systems (NYSE NCS) opened at $19.50 on Friday. The stock has a market capitalization of $1,307.87, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.68. NCI Building Systems has a twelve month low of $13.05 and a twelve month high of $21.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.69 and a quick ratio of 1.06.

NCI Building Systems (NYSE:NCS) last posted its quarterly earnings results on Wednesday, December 6th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10). The company had revenue of $488.73 million during the quarter, compared to the consensus estimate of $477.13 million. NCI Building Systems had a net margin of 3.08% and a return on equity of 18.76%. NCI Building Systems’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. equities research analysts forecast that NCI Building Systems will post 1.07 EPS for the current fiscal year.

NCI Building Systems declared that its board has initiated a stock buyback plan on Tuesday, October 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

NCS has been the subject of a number of research analyst reports. Barclays restated a “buy” rating and issued a $16.00 target price (down from $19.00) on shares of NCI Building Systems in a research report on Friday, September 8th. Royal Bank of Canada restated a “buy” rating and issued a $22.00 target price on shares of NCI Building Systems in a research report on Friday, December 8th. DA Davidson restated a “hold” rating and issued a $18.00 target price on shares of NCI Building Systems in a research report on Friday, December 8th. Zacks Investment Research raised NCI Building Systems from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, December 26th. Finally, TheStreet raised NCI Building Systems from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. NCI Building Systems has a consensus rating of “Buy” and a consensus target price of $20.40.

In other NCI Building Systems news, EVP Todd R. Moore sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $19.43, for a total value of $699,480.00. Following the completion of the sale, the executive vice president now directly owns 85,735 shares in the company, valued at $1,665,831.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dubilier & Rice Fund V. Clayton sold 7,150,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $19.36, for a total value of $138,424,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,293,365 shares of company stock valued at $141,209,889. Insiders own 1.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP increased its holdings in shares of NCI Building Systems by 163.8% in the third quarter. GSA Capital Partners LLP now owns 76,189 shares of the construction company’s stock valued at $1,189,000 after buying an additional 47,306 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in NCI Building Systems during the 3rd quarter valued at $1,502,000. Engineers Gate Manager LP acquired a new stake in NCI Building Systems during the 3rd quarter valued at $238,000. Elk Creek Partners LLC raised its stake in NCI Building Systems by 20.9% during the 3rd quarter. Elk Creek Partners LLC now owns 511,952 shares of the construction company’s stock valued at $7,986,000 after purchasing an additional 88,589 shares during the period. Finally, KBC Group NV acquired a new stake in NCI Building Systems during the 3rd quarter valued at $313,000. 96.22% of the stock is currently owned by institutional investors.

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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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