Shares of Quanex Building Products Co. (NYSE:NX) have received a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.00.
A number of research firms have weighed in on NX. Zacks Investment Research raised shares of Quanex Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Seaport Global Securities began coverage on shares of Quanex Building Products in a research report on Friday. They set a “buy” rating for the company. Sidoti cut their target price on shares of Quanex Building Products to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, December 11th. Finally, CJS Securities raised shares of Quanex Building Products from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 12th.
Quanex Building Products stock opened at $15.25 on Friday. The firm has a market cap of $512.71 million, a price-to-earnings ratio of 23.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.48 and a quick ratio of 1.35. Quanex Building Products has a fifty-two week low of $10.70 and a fifty-two week high of $20.30.
Quanex Building Products (NYSE:NX) last released its earnings results on Tuesday, March 5th. The construction company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.04. Quanex Building Products had a net margin of 1.98% and a return on equity of 5.32%. Equities analysts forecast that Quanex Building Products will post 0.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, March 15th. Quanex Building Products’s dividend payout ratio is currently 49.23%.
In related news, Director Joseph D. Rupp acquired 30,000 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was acquired at an average price of $12.99 per share, with a total value of $389,700.00. Following the completion of the transaction, the director now owns 25,421 shares of the company’s stock, valued at $330,218.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.98% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in NX. Huntington National Bank bought a new stake in Quanex Building Products in the fourth quarter valued at about $29,000. Meeder Asset Management Inc. bought a new stake in Quanex Building Products in the fourth quarter valued at about $41,000. O Shaughnessy Asset Management LLC bought a new stake in Quanex Building Products in the fourth quarter valued at about $50,000. Quantamental Technologies LLC bought a new stake in Quanex Building Products in the fourth quarter valued at about $57,000. Finally, Pacer Advisors Inc. increased its stake in Quanex Building Products by 165.2% in the third quarter. Pacer Advisors Inc. now owns 6,352 shares of the construction company’s stock valued at $116,000 after acquiring an additional 3,957 shares during the period. 98.17% of the stock is owned by institutional investors and hedge funds.
About Quanex Building Products
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.
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