Quanex Building Products (NX) Given Coverage Optimism Score of 0.03

Media headlines about Quanex Building Products (NYSE:NX) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quanex Building Products earned a news impact score of 0.03 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.793822579268 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of research firms have commented on NX. Wedbush downgraded shares of Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price objective for the company. in a report on Monday, December 18th. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.

Shares of Quanex Building Products (NX) opened at $22.05 on Wednesday. The company has a market cap of $784.13, a PE ratio of 41.60 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products has a 1-year low of $17.45 and a 1-year high of $24.60.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.08. The business had revenue of $233.00 million during the quarter, compared to the consensus estimate of $232.47 million. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.00%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. equities research analysts expect that Quanex Building Products 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 issued a dividend of $0.04 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.73%. Quanex Building Products’s dividend payout ratio is currently 30.19%.

In other news, VP Dewayne Williams sold 8,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $23.36, for a total transaction of $189,216.00. Following the completion of the sale, the vice president now owns 16,672 shares in the company, valued at approximately $389,457.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan F. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $22.77, for a total transaction of $227,700.00. Following the sale, the director now owns 35,182 shares of the company’s stock, valued at approximately $801,094.14. The disclosure for this sale can be found here. Insiders have sold a total of 78,921 shares of company stock valued at $1,861,684 in the last 90 days. Insiders own 5.32% of the company’s stock.

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About Quanex Building Products

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