Quanex Building Products Co. (NX) Director Susan F. Davis Sells 10,000 Shares
Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $22.77, for a total transaction of $227,700.00. Following the completion of the transaction, the director now owns 35,182 shares in the company, valued at approximately $801,094.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Quanex Building Products Co. (NX) opened at $23.00 on Friday. The firm has a market cap of $792.84, a PE ratio of 43.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.98 and a current ratio of 1.80. Quanex Building Products Co. has a 52 week low of $17.45 and a 52 week high of $24.60.
Quanex Building Products (NYSE:NX) last announced its earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The firm had revenue of $233.00 million for the quarter, compared to analyst estimates of $232.47 million. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.00%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. sell-side analysts forecast that Quanex Building Products Co. will post 0.9 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in Quanex Building Products by 36.5% during the second quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock worth $229,000 after acquiring an additional 2,895 shares in the last quarter. Wolverine Trading LLC bought a new stake in Quanex Building Products during the third quarter worth about $231,000. Trexquant Investment LP bought a new stake in Quanex Building Products during the third quarter worth about $271,000. Municipal Employees Retirement System of Michigan boosted its stake in Quanex Building Products by 59.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,920 shares of the construction company’s stock worth $297,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Quanex Building Products during the third quarter worth about $299,000. 99.80% of the stock is currently owned by hedge funds and other institutional investors.
NX has been the topic of a number of analyst reports. Wedbush upgraded shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $25.00 to $24.00 in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a research note on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Quanex Building Products has an average rating of “Hold” and a consensus target price of $25.00.
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Quanex Building Products Company Profile
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