Quanex Building Products (NYSE:NX) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Quanex Building Products Corporation (NYSE:NX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.05 and traded as high as $20.10. Quanex Building Products shares last traded at $19.9620, with a volume of 371,421 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research cut shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research note on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $28.00.

Quanex Building Products Stock Performance

The company has a market cap of $914.18 million, a PE ratio of -3.78, a PEG ratio of 0.73 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.21 and a current ratio of 2.31. The firm’s 50 day moving average is $18.97 and its 200-day moving average is $17.05.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. The company had revenue of $409.09 million during the quarter, compared to analysts’ expectations of $405.75 million. On average, research analysts anticipate that Quanex Building Products Corporation will post 1.96 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Quanex Building Products’s dividend payout ratio is currently -6.08%.

Institutional Trading of Quanex Building Products

Several large investors have recently bought and sold shares of NX. Danske Bank A S purchased a new stake in Quanex Building Products during the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. grew its stake in Quanex Building Products by 199.9% during the 4th quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,415 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Quanex Building Products during the 4th quarter valued at about $35,000. Meeder Asset Management Inc. purchased a new stake in Quanex Building Products during the 4th quarter valued at about $42,000. Finally, Quarry LP grew its stake in shares of Quanex Building Products by 132.0% in the 3rd quarter. Quarry LP now owns 3,754 shares of the construction company’s stock valued at $53,000 after buying an additional 2,136 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.