Quanex Building Products Co. (NYSE:NX) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.00.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Quanex Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Seaport Global Securities assumed coverage on shares of Quanex Building Products in a research report on Friday, March 15th. They set a “buy” rating and a $19.00 price objective on the stock. Sidoti cut their price objective on shares of Quanex Building Products to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 11th. Finally, CJS Securities upgraded shares of Quanex Building Products from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 12th.
In other news, Director Joseph D. Rupp acquired 30,000 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were acquired at an average price of $12.99 per share, for a total transaction of $389,700.00. Following the completion of the transaction, the director now directly owns 25,421 shares of the company’s stock, valued at approximately $330,218.79. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.98% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of Quanex Building Products by 0.8% in the fourth quarter. Legal & General Group Plc now owns 83,568 shares of the construction company’s stock worth $1,135,000 after purchasing an additional 636 shares during the last quarter. Texas Permanent School Fund lifted its stake in Quanex Building Products by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 23,012 shares of the construction company’s stock worth $313,000 after acquiring an additional 886 shares during the period. Principal Financial Group Inc. lifted its stake in Quanex Building Products by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 285,491 shares of the construction company’s stock worth $3,880,000 after acquiring an additional 1,556 shares during the period. Huntington National Bank purchased a new stake in Quanex Building Products in the fourth quarter worth about $29,000. Finally, TD Asset Management Inc. lifted its stake in Quanex Building Products by 6.5% in the fourth quarter. TD Asset Management Inc. now owns 39,405 shares of the construction company’s stock worth $536,000 after acquiring an additional 2,400 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.
NX traded down $0.02 during trading hours on Friday, hitting $15.78. The company’s stock had a trading volume of 615 shares, compared to its average volume of 353,058. Quanex Building Products has a 12 month low of $10.70 and a 12 month high of $20.30. The stock has a market capitalization of $529.68 million, a PE ratio of 24.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 2.48.
Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Tuesday, March 5th. The construction company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Quanex Building Products had a net margin of 1.98% and a return on equity of 5.32%. As a group, research analysts forecast that Quanex Building Products will post 0.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, March 15th. Quanex Building Products’s dividend payout ratio (DPR) is 49.23%.
Quanex Building Products Company Profile
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.
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