Quanex Building Products Co. (NYSE:NX) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $25.00.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wedbush downgraded shares of Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Monday, December 18th. Finally, KeyCorp reissued a “hold” rating on shares of Quanex Building Products in a research report on Friday, October 27th.

Quanex Building Products (NYSE NX) opened at $21.60 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products has a one year low of $17.45 and a one year high of $24.60. The company has a market cap of $763.22, a price-to-earnings ratio of 40.75 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 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $233.00 million for the quarter, compared to the consensus estimate of $232.47 million. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.00%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. analysts anticipate that Quanex Building Products will post 0.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, December 14th. Quanex Building Products’s dividend payout ratio (DPR) is presently 30.19%.

In other news, SVP Kevin P. Delaney sold 50,400 shares of the business’s stock in a transaction 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 owns 111,527 shares in the company, valued at approximately $2,678,878.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan F. Davis sold 10,421 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $22.47, for a total transaction of $234,159.87. Following the sale, the director now owns 35,603 shares in the company, valued at approximately $799,999.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,921 shares of company stock worth $1,861,684. Company insiders own 5.32% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in Quanex Building Products by 140.9% in the 2nd quarter. Voya Investment Management LLC now owns 41,144 shares of the construction company’s stock worth $870,000 after purchasing an additional 24,067 shares in the last quarter. Vanguard Group Inc. boosted its stake in Quanex Building Products by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock worth $66,228,000 after purchasing an additional 104,038 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Quanex Building Products by 9.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 272,261 shares of the construction company’s stock worth $5,759,000 after purchasing an additional 22,637 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Quanex Building Products by 17.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 499,173 shares of the construction company’s stock worth $10,557,000 after purchasing an additional 72,482 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Quanex Building Products by 1.1% in the 2nd quarter. Northern Trust Corp now owns 435,605 shares of the construction company’s stock worth $9,214,000 after purchasing an additional 4,736 shares in the last quarter. Hedge funds and other institutional investors own 99.80% of the company’s stock.

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Quanex Building Products Company Profile

Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.

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