Positive Media Coverage Somewhat Unlikely to Affect Quanex Building Products (NX) Stock Price
News stories about Quanex Building Products (NYSE:NX) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quanex Building Products earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.4294254613779 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Q1 2018 EPS Estimates for Quanex Building Products Co. Cut by Analyst (NX) (americanbankingnews.com)
- Quanex Building Products Co. (NX) Expected to Post Earnings of -$0.04 Per Share (americanbankingnews.com)
- Quanex Building Products Co. Forecasted to Post Q2 2018 Earnings of $0.18 Per Share (NX) (americanbankingnews.com)
- Quanex Building Products (NX) Set to Announce Quarterly Earnings on Monday (americanbankingnews.com)
Quanex Building Products (NYSE NX) traded up $0.30 during midday trading on Friday, reaching $17.00. The company’s stock had a trading volume of 277,145 shares, compared to its average volume of 168,872. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.80 and a quick ratio of 0.98. Quanex Building Products has a 52 week low of $16.50 and a 52 week high of $24.60. The firm has a market cap of $585.68, a PE ratio of 32.08 and a beta of 0.74.
Several analysts have commented on the company. Zacks Investment Research downgraded Quanex Building Products from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Wedbush downgraded Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.50.
In other Quanex Building Products news, VP Dewayne Williams sold 8,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $23.36, for a total transaction of $189,216.00. Following the transaction, the vice president now owns 16,672 shares in the company, valued at approximately $389,457.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin P. Delaney sold 50,400 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $24.02, for a total value of $1,210,608.00. Following the transaction, the senior vice president now owns 111,527 shares in the company, valued at approximately $2,678,878.54. The disclosure for this sale can be found here. Insiders have sold a total of 78,921 shares of company stock worth $1,861,684 in the last quarter. 5.32% of the stock is currently owned by insiders.
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About Quanex Building Products
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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