Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis sold 10,000 shares of Quanex Building Products stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $22.77, for a total value of $227,700.00. Following the completion of the sale, the director now owns 35,182 shares of the company’s stock, valued at approximately $801,094.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Quanex Building Products Co. (NYSE:NX) traded up $0.25 during trading hours on Friday, hitting $23.00. The stock had a trading volume of 75,392 shares, compared to its average volume of 208,749. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products Co. has a 1-year low of $17.45 and a 1-year high of $24.60. The stock has a market cap of $801.55, a PE ratio of 43.40 and a beta of 0.70.
Quanex Building Products (NYSE:NX) last issued its earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.08. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. The business had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $232.47 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. research analysts expect that Quanex Building Products Co. will post 0.9 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, December 14th. Quanex Building Products’s payout ratio is currently 30.19%.
Several large investors have recently modified their holdings of NX. Dimensional Fund Advisors LP grew its holdings in shares of Quanex Building Products by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,859,309 shares of the construction company’s stock worth $60,474,000 after purchasing an additional 111,005 shares during the period. Vanguard Group Inc. grew its holdings in shares of Quanex Building Products by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock worth $66,228,000 after purchasing an additional 104,038 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Quanex Building Products by 17.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 499,173 shares of the construction company’s stock worth $10,557,000 after purchasing an additional 72,482 shares during the period. BlackRock Inc. grew its holdings in shares of Quanex Building Products by 0.9% during the 2nd quarter. BlackRock Inc. now owns 4,732,378 shares of the construction company’s stock worth $100,089,000 after purchasing an additional 40,778 shares during the period. Finally, State Street Corp grew its holdings in shares of Quanex Building Products by 5.1% during the 2nd quarter. State Street Corp now owns 837,719 shares of the construction company’s stock worth $17,720,000 after purchasing an additional 40,540 shares during the period. Institutional investors and hedge funds own 99.80% of the company’s stock.
Several analysts have commented on NX shares. Zacks Investment Research cut Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Wedbush cut Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a report on Monday, December 18th. Finally, KeyCorp restated a “hold” rating on shares of Quanex Building Products in a report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Quanex Building Products has an average rating of “Hold” and an average target price of $25.00.
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Quanex Building Products Company Profile
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