What Smart Money Thinks about NCI Building Systems, Inc. (NCS)?

With a general bullishness amongst the heavyweights, key money managers have been driving this bullishness. Adage Capital Management, led by Phill Gross and Robert Atchinson, initiated the biggest position in NCI Building Systems, Inc. (NYSE:NCS). Adage Capital Management had $7.2 million invested in the company at the end of the third quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP also initiated a $1.9 million position between July and September. The following funds were also among the new NCS investors: Glenn Russell Dubin’s Highbridge Capital Management, Dmitry Balyasny’s Balyasny Asset Management, and Robert B. Gillam’s McKinley Capital Management.

Let’s also examine hedge fund activity in other stocks similar to NCI Building Systems, Inc. (NYSE:NCS). These stocks are Stewart Information Services Corp (NYSE:STC), ACCO Brands Corporation (NYSE:ACCO), Seacor Holdings, Inc. (NYSE:CKH), and Usa Compression Partners LP (NYSE:USAC). This group of stocks’ market valuations are similar to NCS’s market valuation.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $142 million. That figure was $143 million in NCS’s case. Stewart Information Services Corp (NYSE:STC) is the most popular stock in this table. On the other hand Usa Compression Partners LP (NYSE:USAC) is the least popular one with only six funds holding shares. Compared to these stocks NCI Building Systems, Inc. (NYSE:NCS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none