Quanex Building Products Co. (NX) Given Average Rating of “Hold” by Analysts

Quanex Building Products Co. (NYSE:NX) has received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of brokerages recently commented on NX. Zacks Investment Research upgraded shares of Quanex Building Products from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Seaport Global Securities began coverage on shares of Quanex Building Products in a report on Friday. They set a “buy” rating on the stock. Sidoti dropped their price objective on shares of Quanex Building Products to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, December 11th. Finally, CJS Securities upgraded shares of Quanex Building Products from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 12th.

In other Quanex Building Products news, Director Joseph D. Rupp bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was acquired at an average price of $12.99 per share, with a total value of $389,700.00. Following the completion of the transaction, the director now owns 25,421 shares in the company, valued at $330,218.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.98% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Quanex Building Products by 2.9% in the 4th quarter. BlackRock Inc. now owns 5,629,409 shares of the construction company’s stock valued at $76,504,000 after acquiring an additional 160,669 shares during the period. Vanguard Group Inc grew its position in shares of Quanex Building Products by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 3,500,558 shares of the construction company’s stock valued at $63,709,000 after acquiring an additional 75,839 shares during the period. Vanguard Group Inc. grew its position in shares of Quanex Building Products by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,500,558 shares of the construction company’s stock valued at $63,709,000 after acquiring an additional 75,839 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Quanex Building Products by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,967,331 shares of the construction company’s stock valued at $40,326,000 after acquiring an additional 20,474 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Quanex Building Products by 30.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,580,902 shares of the construction company’s stock valued at $28,773,000 after acquiring an additional 365,947 shares during the period. 98.17% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:NX opened at $15.25 on Friday. Quanex Building Products has a 12 month low of $10.70 and a 12 month high of $20.30. The company has a current ratio of 2.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.59. The firm has a market cap of $512.71 million, a P/E ratio of 23.46 and a beta of 1.08.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Tuesday, March 5th. The construction company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Quanex Building Products had a net margin of 1.98% and a return on equity of 5.32%. Research analysts predict that Quanex Building Products will post 0.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, March 15th. Quanex Building Products’s dividend payout ratio (DPR) is currently 49.23%.

About Quanex Building Products

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.

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