Quanex Building Products Corp. (NX) Sees Large Volume Increase
Shares of Quanex Building Products Corp. (NYSE:NX) saw strong trading volume on Tuesday . 393,236 shares traded hands during trading, an increase of 174% from the previous session’s volume of 143,574 shares.The stock last traded at $19.99 and had previously closed at $20.02.
A number of research analysts have recently weighed in on the stock. Imperial Capital restated an “outperform” rating and set a $25.00 price target on shares of Quanex Building Products Corp. in a report on Thursday, June 2nd. Wedbush reiterated 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 upgraded shares of Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Quanex Building Products Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st. Finally, KeyCorp upgraded shares of 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 equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Quanex Building Products Corp. currently has a consensus rating of “Buy” and a consensus price target of $24.00.
The company has a market cap of $677.60 million and a P/E ratio of 50.25. The stock has a 50 day moving average of $20.18 and a 200-day moving average of $18.64.
Quanex Building Products Corp. (NYSE:NX) last posted its quarterly earnings results on Tuesday, May 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $229.50 million for the quarter. The company’s quarterly revenue was up 61.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities research analysts predict that Quanex Building Products Corp. will post $0.82 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Quanex Building Products Corp. stock. Rhumbline Advisers increased its stake in shares of Quanex Building Products Corp. (NYSE:NX) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,078 shares of the company’s stock after buying an additional 1,595 shares during the period. Rhumbline Advisers owned approximately 0.16% of Quanex Building Products Corp. worth $1,107,000 at the end of the most recent reporting 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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