Quanex Building Products Corp. (NYSE:NX) saw unusually-strong trading volume on Wednesday . Approximately 292,829 shares were traded during trading, an increase of 15% from the previous session’s volume of 255,611 shares.The stock last traded at $19.00 and had previously closed at $19.02.

NX has been the subject of several recent research reports. Zacks Investment Research raised shares of Quanex Building Products Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, March 9th. TheStreet raised shares of Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Wedbush raised shares of Quanex Building Products Corp. from a “neutral” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Monday, March 14th. Imperial Capital reissued an “outperform” rating and issued a $25.00 price objective on shares of Quanex Building Products Corp. in a research note on Tuesday, May 24th. Finally, KeyCorp raised shares of Quanex Building Products Corp. from a “sector weight” rating to an “overweight” rating and set a $24.00 price objective for the company in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Quanex Building Products Corp. presently has a consensus rating of “Buy” and a consensus price target of $23.80.

The stock has a market cap of $645.08 million and a PE ratio of 47.84. The firm’s 50 day moving average is $19.07 and its 200 day moving average is $18.36.

Quanex Building Products Corp. (NYSE:NX) last announced its earnings results on Tuesday, May 31st. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $229.50 million for the quarter. The firm’s quarterly revenue was up 61.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. Equities analysts forecast that Quanex Building Products Corp. will post $0.83 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.16 annualized dividend and a yield of 0.84%.

Other institutional investors recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Quanex Building Products Corp. by 3.1% in the fourth quarter. Rhumbline Advisers now owns 53,078 shares of the company’s stock worth $1,107,000 after buying an additional 1,595 shares during the period. California State Teachers Retirement System raised its position in Quanex Building Products Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 62,759 shares of the company’s stock worth $1,309,000 after buying an additional 1,100 shares during the period. Morgan Stanley raised its position in Quanex Building Products Corp. by 77.3% in the fourth quarter. Morgan Stanley now owns 135,738 shares of the company’s stock worth $2,831,000 after buying an additional 59,171 shares during the period. Finally, Cooke & Bieler LP raised its position in Quanex Building Products Corp. by 78.1% in the fourth quarter. Cooke & Bieler LP now owns 1,590,932 shares of the company’s stock worth $33,171,000 after buying an additional 697,757 shares during the period.

Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry, including insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products, International Extrusion, and Corporate & Other.

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