Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis sold 10,421 shares of Quanex Building Products stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $22.47, for a total value of $234,159.87. Following the transaction, the director now directly owns 35,603 shares in the company, valued at approximately $799,999.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Quanex Building Products Co. (NYSE:NX) traded down $0.80 on Thursday, hitting $21.65. The stock had a trading volume of 142,545 shares, compared to its average volume of 135,225. Quanex Building Products Co. has a 1-year low of $17.45 and a 1-year high of $24.60. The company has a market capitalization of $768.44, a PE ratio of 40.85 and a beta of 0.70. The company has a current ratio of 1.80, a quick ratio of 0.98 and a debt-to-equity ratio of 0.54.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Monday, December 11th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $233.00 million for the quarter, compared to analyst estimates of $232.47 million. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. analysts anticipate that Quanex Building Products Co. will post 0.9 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, December 14th. Quanex Building Products’s dividend payout ratio (DPR) is presently 30.19%.
Several institutional investors and hedge funds have recently modified their holdings of NX. Dimensional Fund Advisors LP lifted its stake in shares of Quanex Building Products by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,859,309 shares of the construction company’s stock valued at $60,474,000 after acquiring an additional 111,005 shares during the period. Vanguard Group Inc. lifted its stake in Quanex Building Products by 3.4% in the second quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock valued at $66,228,000 after buying an additional 104,038 shares during the period. Ameriprise Financial Inc. lifted its stake in Quanex Building Products by 17.0% in the second quarter. Ameriprise Financial Inc. now owns 499,173 shares of the construction company’s stock valued at $10,557,000 after buying an additional 72,482 shares during the period. BlackRock Inc. lifted its stake in Quanex Building Products by 0.9% in the second quarter. BlackRock Inc. now owns 4,732,378 shares of the construction company’s stock valued at $100,089,000 after buying an additional 40,778 shares during the period. Finally, State Street Corp lifted its stake in Quanex Building Products by 5.1% in the second quarter. State Street Corp now owns 837,719 shares of the construction company’s stock valued at $17,720,000 after buying an additional 40,540 shares during the period.
NX has been the subject of several research reports. Zacks Investment Research lowered Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a research report on Friday, September 22nd. Finally, Wedbush downgraded Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Quanex Building Products currently has a consensus rating of “Hold” and a consensus target price of $25.00.
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About Quanex Building Products
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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