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.
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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