Quanex Building Products Co. (NYSE:NX) SVP Paul Cornett sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $19.23, for a total transaction of $28,845.00. Following the completion of the transaction, the senior vice president now owns 13,197 shares in the company, valued at approximately $253,778.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Quanex Building Products stock opened at $19.14 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.17 and a current ratio of 2.15. Quanex Building Products Co. has a 52-week low of $10.70 and a 52-week high of $19.55. The stock has a market capitalization of $642.35 million, a price-to-earnings ratio of 29.45 and a beta of 1.23. The company’s 50 day moving average price is $18.71 and its 200-day moving average price is $17.74.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, September 5th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Quanex Building Products had a negative net margin of 1.03% and a positive return on equity of 6.69%. The firm had revenue of $238.50 million for the quarter, compared to analysts’ expectations of $245.73 million. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts forecast that Quanex Building Products Co. will post 0.92 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Monarch Partners Asset Management LLC bought a new position in Quanex Building Products in the 3rd quarter worth approximately $928,000. First Trust Advisors LP boosted its stake in Quanex Building Products by 25.4% in the 3rd quarter. First Trust Advisors LP now owns 75,230 shares of the construction company’s stock worth $1,360,000 after purchasing an additional 15,256 shares during the period. California Public Employees Retirement System boosted its stake in Quanex Building Products by 6.6% in the 3rd quarter. California Public Employees Retirement System now owns 70,761 shares of the construction company’s stock worth $1,279,000 after purchasing an additional 4,372 shares during the period. State of Tennessee Treasury Department boosted its stake in Quanex Building Products by 9.2% in the 3rd quarter. State of Tennessee Treasury Department now owns 37,121 shares of the construction company’s stock worth $671,000 after purchasing an additional 3,129 shares during the period. Finally, Rhumbline Advisers boosted its stake in Quanex Building Products by 6.1% in the 3rd quarter. Rhumbline Advisers now owns 110,495 shares of the construction company’s stock worth $1,998,000 after purchasing an additional 6,359 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Quanex Building Products from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Friday, September 13th.

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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