Quanex Building Products Corp. (NX) Trading Down 2.4%
Quanex Building Products Corp. (NYSE:NX) shares traded down 2.4% on Friday . The company traded as low as $19.88 and last traded at $19.97, with a volume of 105,852 shares trading hands. The stock had previously closed at $20.47.
NX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Quanex Building Products Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Imperial Capital reiterated an “outperform” rating and set a $25.00 target price on shares of Quanex Building Products Corp. in a research report on Tuesday, May 24th. Wedbush reiterated an “outperform” rating and set a $23.00 target price on shares of Quanex Building Products Corp. in a research report on Wednesday, June 1st. TheStreet upgraded Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Finally, KeyCorp upgraded Quanex Building Products Corp. from a “sector weight” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Friday, June 10th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Quanex Building Products Corp. has an average rating of “Buy” and an average price target of $23.80.
The firm has a market cap of $677.26 million and a PE ratio of 50.23. The company’s 50-day moving average price is $19.67 and its 200-day moving average price is $18.39.
Quanex Building Products Corp. (NYSE:NX) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business earned $229.50 million during the quarter. During the same quarter in the previous year, the business earned $0.07 earnings per share. Quanex Building Products Corp.’s quarterly revenue was up 61.6% on a year-over-year basis. Equities analysts forecast that Quanex Building Products Corp. will post $0.82 EPS for the current year.
The company also recently disclosed 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. This represents a $0.16 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, June 13th.
A hedge fund recently raised its stake in Quanex Building Products Corp. stock. California State Teachers Retirement System increased its stake in Quanex Building Products Corp. (NYSE:NX) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,759 shares of the company’s stock after buying an additional 1,100 shares during the period. California State Teachers Retirement System owned 0.19% of Quanex Building Products Corp. worth $1,309,000 as of its most recent filing with the SEC.
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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