Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis sold 10,421 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $22.47, for a total transaction of $234,159.87. Following the completion of the sale, the director now owns 35,603 shares of the company’s stock, valued at approximately $799,999.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Quanex Building Products Co. (NYSE NX) traded down $0.60 on Friday, hitting $20.15. 178,116 shares of the stock traded hands, compared to its average volume of 148,848. The company has a market capitalization of $706.66, a price-to-earnings ratio of 26.17 and a beta of 0.57. Quanex Building Products Co. has a 52 week low of $17.45 and a 52 week high of $24.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.80 and a quick ratio of 0.98.
Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Monday, December 11th. The construction company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 2.16% and a return on equity of 7.00%. The company’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. sell-side analysts expect that Quanex Building Products Co. will post 0.9 EPS for the current year.
A number of analysts have commented on NX shares. Zacks Investment Research cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products in a research note on Friday, October 27th. Finally, Wedbush cut shares of Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Monday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Quanex Building Products currently has a consensus rating of “Hold” and an average price target of $25.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC raised its position in shares of Quanex Building Products by 1.7% in the second quarter. Citadel Advisors LLC now owns 53,482 shares of the construction company’s stock valued at $1,131,000 after purchasing an additional 886 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Quanex Building Products by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,790 shares of the construction company’s stock valued at $588,000 after purchasing an additional 970 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Quanex Building Products by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 63,124 shares of the construction company’s stock valued at $1,335,000 after purchasing an additional 2,082 shares during the period. Russell Investments Group Ltd. raised its position in shares of Quanex Building Products by 1.8% in the third quarter. Russell Investments Group Ltd. now owns 131,996 shares of the construction company’s stock valued at $3,029,000 after purchasing an additional 2,390 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in shares of Quanex Building Products by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 81,535 shares of the construction company’s stock valued at $1,725,000 after purchasing an additional 2,440 shares during the period. 99.80% of the stock is currently owned by institutional investors.
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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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