New Age Alpha Advisors LLC purchased a new position in shares of Quanex Building Products Corporation (NYSE:NX – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 72,159 shares of the construction company’s stock, valued at approximately $1,110,000. New Age Alpha Advisors LLC owned 0.16% of Quanex Building Products as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NX. Danske Bank A S acquired a new position in shares of Quanex Building Products during the third quarter worth $26,000. Hantz Financial Services Inc. lifted its holdings in shares of Quanex Building Products by 199.9% during the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,415 shares during the period. Quarry LP lifted its holdings in shares of Quanex Building Products by 132.0% during the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock worth $53,000 after purchasing an additional 2,136 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Quanex Building Products by 210.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock worth $97,000 after purchasing an additional 3,484 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Quanex Building Products by 91.8% during the second quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock worth $122,000 after purchasing an additional 3,084 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.
Wall Street Analyst Weigh In
NX has been the topic of a number of recent research reports. Zacks Research lowered shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Wall Street Zen lowered shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $28.00.
Quanex Building Products Price Performance
Shares of NYSE NX opened at $18.91 on Thursday. Quanex Building Products Corporation has a twelve month low of $11.04 and a twelve month high of $22.98. The firm has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $17.58. The company has a market capitalization of $868.54 million, a PE ratio of -3.60, a P/E/G ratio of 0.80 and a beta of 0.95. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.93.
Quanex Building Products (NYSE:NX – Get Free Report) last announced its earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. The business had revenue of $409.09 million during the quarter, compared to the consensus estimate of $405.75 million. On average, sell-side analysts forecast that Quanex Building Products Corporation will post 1.63 EPS for the current year.
Quanex Building Products Profile
Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.
Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.
Featured Articles
- Five stocks we like better than Quanex Building Products
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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.
