Quanex Building Products (NYSE:NX) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Quanex Building Products Co. (NYSE:NX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.99 and traded as high as $30.36. Quanex Building Products shares last traded at $30.14, with a volume of 171,362 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on NX. Benchmark reissued a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th.

Quanex Building Products Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.26. The firm has a fifty day moving average price of $28.09 and a 200-day moving average price of $29.94.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period in the prior year, the company posted $0.97 earnings per share. As a group, equities analysts anticipate that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 16th. This represents a $0.32 annualized dividend and a yield of 1.09%. Quanex Building Products’s dividend payout ratio is currently 14.22%.

Institutional Trading of Quanex Building Products

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Quanex Building Products by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after purchasing an additional 30,198 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Quanex Building Products by 4.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company’s stock valued at $92,902,000 after acquiring an additional 147,444 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Quanex Building Products by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company’s stock valued at $35,810,000 after acquiring an additional 165,121 shares in the last quarter. Renaissance Technologies LLC grew its position in Quanex Building Products by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company’s stock worth $32,058,000 after acquiring an additional 3,400 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Quanex Building Products by 13.5% in the second quarter. American Century Companies Inc. now owns 807,464 shares of the construction company’s stock valued at $22,326,000 after purchasing an additional 96,095 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.