Press coverage about Quanex Building Products Corporation (NYSE:NX) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Quanex Building Products Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.8935164374454 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
NX has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $25.00 price objective on shares of Quanex Building Products Corporation in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Sidoti initiated coverage on shares of Quanex Building Products Corporation in a research note on Monday, August 7th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, TheStreet raised Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of Quanex Building Products Corporation (NX) traded down 0.67% during trading on Friday, hitting $22.15. The stock had a trading volume of 12,646 shares. The stock has a market cap of $763.22 million, a P/E ratio of 56.36 and a beta of 0.67. Quanex Building Products Corporation has a one year low of $15.41 and a one year high of $23.60. The stock’s 50 day moving average price is $21.87 and its 200-day moving average price is $20.82.
Quanex Building Products Corporation (NYSE:NX) last released its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The firm had revenue of $229.40 million during the quarter, compared to analyst estimates of $235.45 million. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was down 7.5% on a year-over-year basis. Analysts expect that Quanex Building Products Corporation will post $0.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a $0.04 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.72%. Quanex Building Products Corporation’s dividend payout ratio (DPR) is presently 42.11%.
In other Quanex Building Products Corporation news, VP Brent L. Korb sold 17,500 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $21.15, for a total transaction of $370,125.00. Following the transaction, the vice president now owns 94,679 shares of the company’s stock, valued at approximately $2,002,460.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.32% of the stock is currently owned by company insiders.
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Quanex Building Products Corporation Company Profile
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