Quanex Building Products (NYSE:NX) Sets New 52-Week Low at $19.70

Quanex Building Products Co. (NYSE:NXGet Rating)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $19.70 and last traded at $19.91, with a volume of 1026 shares. The stock had previously closed at $20.47.

Several analysts recently commented on the company. StockNews.com initiated coverage on Quanex Building Products in a report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research upgraded Quanex Building Products from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, March 10th.

The firm has a market cap of $666.78 million, a price-to-earnings ratio of 11.37 and a beta of 1.53. The company’s 50-day moving average is $22.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.98 and a quick ratio of 1.08.

Quanex Building Products (NYSE:NXGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The construction company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Quanex Building Products had a return on equity of 14.80% and a net margin of 5.44%. The firm had revenue of $267.04 million during the quarter, compared to analysts’ expectations of $243.70 million. During the same period in the previous year, the business earned $0.27 earnings per share. Analysts anticipate that Quanex Building Products Co. will post 1.93 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 30th. Investors of record on Tuesday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, March 14th. Quanex Building Products’s payout ratio is 17.78%.

In other Quanex Building Products news, Director Susan F. Davis sold 5,987 shares of the company’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $23.02, for a total value of $137,820.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.43% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Quanex Building Products by 591.7% in the 1st quarter. FMR LLC now owns 1,757 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,503 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Quanex Building Products in the 4th quarter valued at about $207,000. Arizona State Retirement System purchased a new position in shares of Quanex Building Products in the 4th quarter valued at about $224,000. Squarepoint Ops LLC increased its holdings in shares of Quanex Building Products by 7.7% in the 3rd quarter. Squarepoint Ops LLC now owns 10,883 shares of the construction company’s stock valued at $233,000 after acquiring an additional 777 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Quanex Building Products in the 4th quarter valued at about $253,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

About Quanex Building Products (NYSE:NX)

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.

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