Quanex Building Products Corp. (NX) Trading Down 2.4%
Shares of Quanex Building Products Corp. (NYSE:NX) traded down 2.4% during mid-day trading on Friday . The company traded as low as $19.88 and last traded at $19.97, with a volume of 105,852 shares changing hands. The stock had previously closed at $20.47.
A number of analysts have issued reports on the company. Imperial Capital reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Quanex Building Products Corp. in a report on Thursday, June 2nd. Wedbush reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Quanex Building Products Corp. in a report on Wednesday, June 1st. TheStreet raised Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Zacks Investment Research lowered Quanex Building Products Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st. Finally, KeyCorp raised 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 report on Friday, June 10th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.80.
The company has a 50-day moving average of $19.67 and a 200-day moving average of $18.39. The company has a market capitalization of $677.26 million and a price-to-earnings ratio of 50.23.
Quanex Building Products Corp. (NYSE:NX) last released its earnings results on Tuesday, May 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. During the same quarter in the previous year, the firm earned $0.07 EPS. The company had revenue of $229.50 million for the quarter. The business’s quarterly revenue was up 61.6% compared to the same quarter last year. Analysts forecast that Quanex Building Products Corp. will post $0.82 earnings per share for the current fiscal year.
An institutional investor recently raised its position 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.19% of Quanex Building Products Corp. worth $1,309,000 as of its most recent SEC filing.
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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