Quanex Building Products (NYSE:NX) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Quanex Building Products Corporation (NYSE:NX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.73 and traded as high as $20.36. Quanex Building Products shares last traded at $20.22, with a volume of 329,593 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Quanex Building Products from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Benchmark reaffirmed a “buy” rating on shares of Quanex Building Products in a research note on Thursday, August 27th. Weiss Ratings upgraded shares of Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Finally, Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Quanex Building Products presently has an average rating of “Hold” and a consensus price target of $28.00.

Quanex Building Products Stock Down 3.6%

The firm’s 50 day moving average price is $20.02 and its two-hundred day moving average price is $18.74. The firm has a market capitalization of $913.21 million, a PE ratio of 20.13, a P/E/G ratio of 0.79 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 2.23 and a debt-to-equity ratio of 0.85.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.13. Quanex Building Products had a net margin of 2.43% and a return on equity of 11.61%. The firm had revenue of $501.85 million for the quarter, compared to the consensus estimate of $497.51 million. During the same quarter in the previous year, the firm posted ($6.04) EPS. As a group, research analysts forecast that Quanex Building Products Corporation will post 1.82 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.32 annualized dividend and a yield of 1.6%. Quanex Building Products’s payout ratio is currently 32.32%.

Institutional Investors Weigh In On Quanex Building Products

A number of institutional investors have recently modified their holdings of NX. Tidal Investments LLC acquired a new position in Quanex Building Products in the second quarter worth about $634,000. Engineers Gate Manager LP grew its position in shares of Quanex Building Products by 227.3% during the second quarter. Engineers Gate Manager LP now owns 36,662 shares of the construction company’s stock worth $683,000 after acquiring an additional 25,462 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Quanex Building Products in the 2nd quarter worth about $26,000. Corient Private Wealth LP lifted its position in Quanex Building Products by 18.4% in the 2nd quarter. Corient Private Wealth LP now owns 38,077 shares of the construction company’s stock valued at $709,000 after purchasing an additional 5,922 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Quanex Building Products in the 2nd quarter valued at about $3,812,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Company Profile

Quanex Building Products Corporation (NYSE:NX) manufactures components and systems used in the fenestration and cabinet industries. Its products are incorporated into residential and commercial windows, doors, and related building products rather than typically sold directly to consumers.

The company’s product portfolio includes insulating glass components, window and door screens, vinyl profiles, hardware, sealing and weatherstripping products, and other engineered components used by window and door manufacturers.