Kevin P. Delaney Sells 50,400 Shares of Quanex Building Products Corporation (NX) Stock
Quanex Building Products Corporation (NYSE:NX) SVP Kevin P. Delaney sold 50,400 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the sale, the senior vice president now directly owns 111,527 shares of the company’s stock, valued at approximately $2,678,878.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Quanex Building Products Corporation (NYSE:NX) traded up $0.09 on Friday, hitting $23.80. The company had a trading volume of 205,600 shares, compared to its average volume of 140,771. Quanex Building Products Corporation has a 12 month low of $17.45 and a 12 month high of $24.05. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The company has a market cap of $818.04, a PE ratio of 30.84 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 analysts’ consensus estimates 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 company had revenue of $233.00 million for the quarter, compared to analysts’ expectations of $232.47 million. During the same period last year, the business earned $0.45 EPS. Quanex Building Products’s quarterly revenue was down 6.5% compared to the same quarter last year. analysts anticipate that Quanex Building Products Corporation will post 0.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 14th. Quanex Building Products’s dividend payout ratio is currently 30.19%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its stake in Quanex Building Products by 36.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock valued at $229,000 after acquiring an additional 2,895 shares in the last quarter. Wolverine Trading LLC bought a new position in Quanex Building Products during the 3rd quarter valued at $231,000. Trexquant Investment LP bought a new position in Quanex Building Products during the 3rd quarter valued at $271,000. Municipal Employees Retirement System of Michigan lifted its stake in Quanex Building Products by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,920 shares of the construction company’s stock valued at $297,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Quanex Building Products during the 3rd quarter valued at $299,000. Institutional investors own 99.81% of the company’s stock.
NX has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Wedbush raised shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $25.00 to $24.00 in a research report on Friday, September 8th. TheStreet raised shares of Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.00.
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Quanex Building Products Company Profile
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