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.
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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Quanex Building Products Company Profile
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