Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Quanex Building Products Corporation (NX) Share Price
Media headlines about Quanex Building Products Corporation (NYSE:NX) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Quanex Building Products Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.6419441659895 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Quanex Building Products Corporation (NYSE:NX) traded up 0.94% on Monday, hitting $21.55. 135,339 shares of the company’s stock traded hands. The stock has a 50-day moving average of $21.28 and a 200-day moving average of $20.24. The stock’s market cap is $736.08 million. Quanex Building Products Corporation has a one year low of $15.40 and a one year high of $22.65.
Quanex Building Products Corporation (NYSE:NX) last posted its quarterly earnings results on Tuesday, May 30th. The construction company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $209.10 million for the quarter, compared to analyst estimates of $205.27 million. Quanex Building Products Corporation had a negative net margin of 0.09% and a positive return on equity of 7.70%. Quanex Building Products Corporation’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. On average, equities analysts forecast that Quanex Building Products Corporation will post $0.78 earnings per share for the current fiscal year.
Several research analysts have commented on NX shares. Wedbush reissued an “outperform” rating and set a $25.00 price objective on shares of Quanex Building Products Corporation in a report on Wednesday, July 19th. BidaskClub downgraded shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.75.
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In related news, SVP Kevin P. Delaney sold 59,700 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $21.35, for a total transaction of $1,274,595.00. Following the transaction, the senior vice president now directly owns 133,471 shares in the company, valued at $2,849,605.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin P. Delaney sold 21,275 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $21.16, for a total transaction of $450,179.00. Following the transaction, the senior vice president now owns 103,963 shares in the company, valued at $2,199,857.08. The disclosure for this sale can be found here. Insiders have sold 104,809 shares of company stock worth $2,230,713 over the last 90 days. 5.32% of the stock is currently owned by company insiders.
About Quanex Building Products Corporation
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