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.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, December 14th. Quanex Building Products’s payout ratio is 30.19%.

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

Insider Buying and Selling by Quarter for Quanex Building Products (NYSE:NX)

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