Quanex Building Products (NYSE:NX) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Quanex Building Products Corporation (NYSE:NX)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.77 and traded as high as $22.06. Quanex Building Products shares last traded at $21.80, with a volume of 234,487 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NX shares. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.00.

Quanex Building Products Stock Down 2.2%

The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23. The stock has a market capitalization of $960.03 million, a PE ratio of -3.71, a PEG ratio of 0.94 and a beta of 0.92. The company has a 50 day moving average price of $18.06 and a 200-day moving average price of $18.78.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $462.37 million during the quarter, compared to analyst estimates of $459.27 million. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%. As a group, analysts forecast that Quanex Building Products Corporation will post 1.66 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Quanex Building Products’s dividend payout ratio (DPR) is currently -5.68%.

Institutional Investors Weigh In On Quanex Building Products

A number of large investors have recently modified their holdings of NX. Danske Bank A S purchased a new position in shares of Quanex Building Products during the third quarter valued at about $26,000. Hantz Financial Services Inc. lifted its holdings in Quanex Building Products by 199.9% in the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock worth $33,000 after buying an additional 1,415 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Quanex Building Products in the fourth quarter worth about $35,000. Meeder Asset Management Inc. purchased a new stake in Quanex Building Products in the fourth quarter worth about $42,000. Finally, Allworth Financial LP bought a new stake in Quanex Building Products during the 2nd quarter valued at approximately $51,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Company Profile

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.