Quanex Building Products (NYSE:NX) Reaches New 1-Year Low at $18.91

Quanex Building Products Co. (NYSE:NXGet Rating) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $18.91 and last traded at $19.19, with a volume of 127378 shares changing hands. The stock had previously closed at $19.85.

A number of equities research analysts have recently commented on NX shares. Zacks Investment Research downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday. StockNews.com initiated coverage on shares of Quanex Building Products in a research note on Thursday, March 31st. They set a “buy” rating for the company.

The stock’s 50-day simple moving average is $21.27 and its 200 day simple moving average is $22.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.98. The company has a market cap of $654.76 million, a PE ratio of 10.60 and a beta of 1.49.

Quanex Building Products (NYSE:NXGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $267.04 million for the quarter, compared to the consensus estimate of $243.70 million. Quanex Building Products had a net margin of 5.44% and a return on equity of 14.80%. During the same period last year, the company earned $0.27 earnings per share. On average, sell-side analysts predict that Quanex Building Products Co. will post 1.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Investors of record on Tuesday, March 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, March 14th. Quanex Building Products’s dividend payout ratio (DPR) is currently 17.78%.

In other Quanex Building Products news, Director Susan F. Davis sold 5,987 shares of the business’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $23.02, for a total value of $137,820.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.57% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NX. FMR LLC raised its position in shares of Quanex Building Products by 591.7% during the first quarter. FMR LLC now owns 1,757 shares of the construction company’s stock worth $28,000 after acquiring an additional 1,503 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Quanex Building Products in the 4th quarter worth $207,000. Arizona State Retirement System acquired a new position in shares of Quanex Building Products in the fourth quarter worth $224,000. Squarepoint Ops LLC boosted its stake in shares of Quanex Building Products by 7.7% in the third quarter. Squarepoint Ops LLC now owns 10,883 shares of the construction company’s stock valued at $233,000 after buying an additional 777 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Quanex Building Products during the fourth quarter valued at approximately $253,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.

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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