Quanex Building Products Corporation (NYSE:NX – Get Free Report) SVP Paul Cornett sold 5,500 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $21.32, for a total transaction of $117,260.00. Following the sale, the senior vice president directly owned 70,074 shares of the company’s stock, valued at approximately $1,493,977.68. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Quanex Building Products Trading Up 7.5%
NX opened at $22.62 on Thursday. The firm’s fifty day moving average is $19.92 and its two-hundred day moving average is $19.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.21 and a current ratio of 2.23. Quanex Building Products Corporation has a twelve month low of $11.04 and a twelve month high of $23.33. The firm has a market cap of $1.04 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 0.73 and a beta of 0.95.
Quanex Building Products (NYSE:NX – Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.13. The firm had revenue of $501.85 million for the quarter, compared to analyst estimates of $497.51 million. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%. During the same quarter in the previous year, the firm earned ($6.04) EPS. Equities research analysts anticipate that Quanex Building Products Corporation will post 1.82 EPS for the current year.
Quanex Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. Quanex Building Products’s dividend payout ratio is currently 32.32%.
Wall Street Analysts Forecast Growth
NX has been the subject of several recent analyst reports. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of Quanex Building Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Weiss Ratings raised shares of Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Finally, Benchmark restated a “buy” rating on shares of Quanex Building Products in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.00.
Check Out Our Latest Research Report on Quanex Building Products
Institutional Investors Weigh In On Quanex Building Products
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Quanex Building Products in the second quarter worth $136,089,000. Dimensional Fund Advisors LP raised its position in shares of Quanex Building Products by 36.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company’s stock valued at $31,296,000 after buying an additional 462,992 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Quanex Building Products in the first quarter worth $17,970,000. Renaissance Technologies LLC grew its stake in Quanex Building Products by 1.2% during the first quarter. Renaissance Technologies LLC now owns 770,756 shares of the construction company’s stock valued at $13,850,000 after acquiring an additional 8,848 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Quanex Building Products by 961.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 592,785 shares of the construction company’s stock valued at $10,652,000 after purchasing an additional 536,949 shares during the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.
About Quanex Building Products
Quanex Building Products Corporation (NYSE: NX) is a manufacturer of components and systems used in the production of energy-efficient windows, doors, cabinets and other building products. The company primarily serves original equipment manufacturers and fabricators rather than selling finished construction products directly to consumers.
Its product portfolio includes insulating glass components, spacer systems, window and door profiles, screens, fenestration hardware, weather-sealing products, cabinet doors and drawer fronts.
Featured Stories
- Five stocks we like better than Quanex Building Products
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.
