Paul Cornett Sells 1,500 Shares of Quanex Building Products Co. (NYSE:NX) Stock
Quanex Building Products Co. (NYSE:NX) SVP Paul Cornett sold 1,500 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $19.23, for a total value of $28,845.00. Following the transaction, the senior vice president now owns 13,197 shares in the company, valued at $253,778.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE NX opened at $19.23 on Friday. The stock has a market cap of $642.35 million, a P/E ratio of 29.58 and a beta of 1.23. The company has a current ratio of 2.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.53. Quanex Building Products Co. has a 12-month low of $10.70 and a 12-month high of $19.55. The business’s fifty day simple moving average is $18.70 and its 200-day simple moving average is $17.73.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, September 5th. The construction company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. Quanex Building Products had a positive return on equity of 6.69% and a negative net margin of 1.03%. The company had revenue of $238.50 million for the quarter, compared to analysts’ expectations of $245.73 million. During the same period last year, the firm earned $0.33 earnings per share. Quanex Building Products’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts forecast that Quanex Building Products Co. will post 0.92 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of Quanex Building Products by 166.7% during the second quarter. Morgan Stanley now owns 538,981 shares of the construction company’s stock worth $10,181,000 after purchasing an additional 336,892 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Quanex Building Products during the second quarter worth about $4,938,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Quanex Building Products during the second quarter worth about $27,809,000. Deprince Race & Zollo Inc. grew its holdings in shares of Quanex Building Products by 301.5% during the second quarter. Deprince Race & Zollo Inc. now owns 113,818 shares of the construction company’s stock worth $2,150,000 after purchasing an additional 85,468 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Quanex Building Products by 9.5% during the second quarter. Renaissance Technologies LLC now owns 868,200 shares of the construction company’s stock worth $16,400,000 after purchasing an additional 75,600 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.
Quanex Building Products Company Profile
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.
Further Reading: What is systematic risk?
Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.