… Originally suggested at $2.09. RETAIN LONG POSITION. Change Exit Point Target to $17.50 with a nine-month time frame.

NCI Building Systems, Inc. (NYSE:NCS – News) (the “Company“) announced today that a 1-for-5 reverse stock split, approved by its stockholders and board of directors on February 19, 2010, became effective at 6:01 p.m., Eastern Standard Time, on March 5, 2010.  NCI’s stock will continue to trade on the New York Stock Exchange under the symbol “NCS.”

The reverse stock split has reduced the number of issued and outstanding shares of NCI’s common stock from approximately 90,431,951 million shares (on a fully diluted basis) to approximately 18,086,390 million shares.

The Company retained its transfer agent, Computershare, to act as exchange agent. Computershare will manage the exchange of old, pre-reverse stock split shares for new post-split shares. Stockholders of record as of the effective date will receive a letter of transmittal providing instructions for the exchange of their shares as soon as practicable following the reverse stock split. Stockholders who hold their shares in “street name” will be contacted by their banks or brokers with any instructions.

No fractional shares will be issued as a result of the reverse stock split. Fractional shares resulting from the reverse stock split will be aggregated and sold as whole shares in the open market by Computershare. Computershare will then allocate the proceeds of such sales to the record holders’ respective accounts pro rata in lieu of fractional shares as soon as practicable. Stockholders will not be entitled to receive interest for the period of time between the reverse stock split and the date the stockholder receives his or her cash payment, if any, in lieu of fractional shares.

About NCI Building Systems

NCI Building Systems, Inc. is one of North America’s largest integrated manufacturers of metal products for the nonresidential building industry. NCI is comprised of a family of companies operating manufacturing facilities across the United States and Mexico, with additional sales and distribution offices throughout the United States and Canada.