Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis Sells 8,132 Shares of Stock

Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis sold 8,132 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $19.04, for a total transaction of $154,833.28. Following the sale, the director now directly owns 33,314 shares of the company’s stock, valued at $634,298.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE:NX traded up $0.09 during midday trading on Thursday, hitting $18.87. 23,238 shares of the company’s stock traded hands, compared to its average volume of 228,452. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.17 and a current ratio of 2.15. The company has a market cap of $632.07 million, a PE ratio of 29.02 and a beta of 1.22. The firm’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.07. Quanex Building Products Co. has a twelve month low of $10.70 and a twelve month high of $19.44.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, September 5th. The construction company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $238.50 million for the quarter, compared to analyst estimates of $245.73 million. Quanex Building Products had a negative net margin of 1.03% and a positive return on equity of 6.69%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, equities research analysts anticipate that Quanex Building Products Co. will post 0.95 EPS for the current fiscal year.



The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.70%. Quanex Building Products’s payout ratio is 49.23%.

Large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its holdings in shares of Quanex Building Products by 7.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,167 shares of the construction company’s stock valued at $591,000 after acquiring an additional 2,539 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Quanex Building Products by 683.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 28,785 shares of the construction company’s stock worth $457,000 after buying an additional 25,112 shares in the last quarter. RMB Capital Management LLC lifted its holdings in Quanex Building Products by 16.7% in the 2nd quarter. RMB Capital Management LLC now owns 31,300 shares of the construction company’s stock worth $591,000 after buying an additional 4,486 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Quanex Building Products by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,967,331 shares of the construction company’s stock worth $40,326,000 after buying an additional 20,474 shares in the last quarter. Finally, Investment Counselors of Maryland LLC lifted its holdings in Quanex Building Products by 0.7% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,134,272 shares of the construction company’s stock worth $21,426,000 after buying an additional 7,605 shares in the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.

Separately, Zacks Investment Research raised shares of Quanex Building Products from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.33.

About Quanex Building Products

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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