Quanex Building Products Corporation (NX) SVP Kevin P. Delaney Sells 50,400 Shares

Quanex Building Products Corporation (NYSE:NX) SVP Kevin P. Delaney sold 50,400 shares of the 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 transaction, the senior vice president now owns 111,527 shares of the company’s stock, valued at approximately $2,678,878.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Quanex Building Products Corporation (NX) traded up $0.20 during trading on Friday, hitting $24.05. 855,410 shares of the stock traded hands, compared to its average volume of 157,011. The company has a market cap of $837.07, a price-to-earnings ratio of 30.91 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products Corporation has a 12-month low of $17.45 and a 12-month high of $24.60.

Quanex Building Products (NYSE:NX) last released its earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08. The firm had revenue of $233.00 million during 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 business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. equities analysts forecast that Quanex Building Products Corporation will post 0.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.67%. Quanex Building Products’s dividend payout ratio (DPR) is presently 30.19%.

Several equities analysts have commented on the stock. TheStreet upgraded shares of Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. BidaskClub lowered shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Wedbush upgraded shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $25.00 to $24.00 in a research report on Friday, September 8th. 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. The stock currently has an average rating of “Hold” and an average price target of $24.00.

Institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC bought a new stake in shares of Quanex Building Products in the 3rd quarter worth about $231,000. BNP Paribas Arbitrage SA increased its stake in Quanex Building Products by 36.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock worth $229,000 after buying an additional 2,895 shares during the period. Trexquant Investment LP purchased a new position in Quanex Building Products in the 3rd quarter worth about $271,000. Municipal Employees Retirement System of Michigan increased its stake in Quanex Building Products by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,920 shares of the construction company’s stock worth $297,000 after buying an additional 4,800 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Quanex Building Products in the 3rd quarter worth about $299,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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