Quanex Building Products Corporation (NYSE:NX - Get Free Report) SVP Paul Cornett sold 5,500 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $21.32, for a total value of $117,260.00. Following the sale, the senior vice president directly owned 70,074 shares of the company's stock, valued at $1,493,977.68. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Quanex Building Products Trading Down 3.0%
Shares of NX stock opened at $21.09 on Wednesday. Quanex Building Products Corporation has a 12 month low of $11.04 and a 12 month high of $23.33. The company has a quick ratio of 1.21, a current ratio of 2.23 and a debt-to-equity ratio of 0.85. The business's 50 day moving average is $19.87 and its two-hundred day moving average is $19.12. The company has a market cap of $966.55 million, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95.
Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. Quanex Building Products had a net margin of 2.43% and a return on equity of 11.61%. The company had revenue of $501.85 million for the quarter, compared to analyst estimates of $497.51 million. During the same quarter last year, the firm posted ($6.04) earnings per share. Equities analysts predict that Quanex Building Products Corporation will post 1.82 EPS for the current year.
Quanex Building Products Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.08 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. Quanex Building Products's dividend payout ratio (DPR) is presently 32.32%.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Benchmark reiterated a "buy" rating on shares of Quanex Building Products in a report on Thursday, August 27th. Wall Street Zen upgraded shares of Quanex Building Products from a "buy" rating to a "strong-buy" rating in a report on Saturday. Weiss Ratings raised Quanex Building Products from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Finally, Zacks Research raised Quanex Building Products from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.00.
Get Our Latest Analysis on NX
Institutional Investors Weigh In On Quanex Building Products
Several hedge funds have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Quanex Building Products in the third quarter valued at about $376,000. SummerHaven Investment Management LLC bought a new position in Quanex Building Products during the third quarter valued at about $542,000. GAMMA Investing LLC increased its stake in Quanex Building Products by 63.6% during the third quarter. GAMMA Investing LLC now owns 5,227 shares of the construction company's stock valued at $99,000 after acquiring an additional 2,032 shares during the period. Moody National Bank Trust Division increased its stake in Quanex Building Products by 7.1% during the third quarter. Moody National Bank Trust Division now owns 56,787 shares of the construction company's stock valued at $1,072,000 after acquiring an additional 3,745 shares during the period. Finally, Tidal Investments LLC bought a new position in Quanex Building Products during the second quarter valued at about $634,000. Institutional investors own 97.48% of the company's stock.
About Quanex Building Products
(
Get Free Report)
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.
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