Quanex Building Products Corporation (NYSE:NX) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.00.

A number of research firms have issued reports on NX. TheStreet raised Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products Corporation in a research report on Friday. BidaskClub lowered Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Sidoti began coverage on Quanex Building Products Corporation in a research report on Monday, August 7th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th.

In other Quanex Building Products Corporation news, SVP Kevin P. Delaney sold 13,642 shares of the stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $21.01, for a total value of $286,618.42. Following the sale, the senior vice president now owns 111,991 shares of the company’s stock, valued at approximately $2,352,930.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin P. Delaney sold 21,275 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $21.16, for a total value of $450,179.00. Following the completion of the sale, the senior vice president now directly owns 103,963 shares in the company, valued at approximately $2,199,857.08. The disclosure for this sale can be found here. Insiders sold a total of 35,138 shares of company stock worth $741,443 in the last ninety days. 5.32% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its position in Quanex Building Products Corporation by 7.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 61,042 shares of the construction company’s stock valued at $1,236,000 after purchasing an additional 4,279 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Quanex Building Products Corporation by 0.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,968,908 shares of the construction company’s stock worth $41,642,000 after acquiring an additional 12,501 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Quanex Building Products Corporation by 5.6% during the 1st quarter. TD Asset Management Inc. now owns 38,970 shares of the construction company’s stock worth $789,000 after acquiring an additional 2,070 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Quanex Building Products Corporation by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 58,566 shares of the construction company’s stock worth $1,186,000 after acquiring an additional 340 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Quanex Building Products Corporation by 1.7% during the 1st quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock worth $363,000 after acquiring an additional 300 shares in the last quarter. 99.75% of the stock is currently owned by institutional investors.

Shares of Quanex Building Products Corporation (NYSE NX) traded up 0.96% during trading on Wednesday, reaching $21.05. 115,258 shares of the company’s stock were exchanged. The company has a market capitalization of $725.32 million, a P/E ratio of 53.56 and a beta of 0.66. Quanex Building Products Corporation has a 12-month low of $15.41 and a 12-month high of $22.65. The stock has a 50-day moving average price of $20.07 and a 200 day moving average price of $20.31.

Quanex Building Products Corporation (NYSE:NX) last announced its earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $229.40 million for the quarter, compared to analysts’ expectations of $235.45 million. Quanex Building Products Corporation had a net margin of 1.52% and a return on equity of 7.87%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. Equities analysts expect that Quanex Building Products Corporation will post $0.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, September 15th. Quanex Building Products Corporation’s dividend payout ratio is currently 42.11%.

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Quanex Building Products Corporation Company Profile

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