Several other equities research analysts also recently weighed in on the stock. Imperial Capital reaffirmed an outperform rating and issued a $25.00 price objective on shares of Quanex Building Products Corp. in a report on Wednesday, August 31st. TheStreet downgraded shares of Quanex Building Products Corp. from a buy rating to a hold rating in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $22.63.
Quanex Building Products Corp. (NYSE:NX) traded down 1.43% during midday trading on Monday, hitting $17.25. 18,492 shares of the company’s stock traded hands. The company has a 50 day moving average of $18.15 and a 200-day moving average of $18.89. The company has a market capitalization of $585.65 million, a PE ratio of 230.00 and a beta of 1.15. Quanex Building Products Corp. has a 52 week low of $15.33 and a 52 week high of $21.66.
Quanex Building Products Corp. (NYSE:NX) last posted its quarterly earnings data on Tuesday, September 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The business earned $248.10 million during the quarter. Quanex Building Products Corp. had a net margin of 0.30% and a return on equity of 6.25%. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. Equities research analysts predict that Quanex Building Products Corp. will post $0.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.91%. The ex-dividend date was Wednesday, September 14th. Quanex Building Products Corp.’s dividend payout ratio (DPR) is presently 228.60%.
A number of large investors have recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its stake in shares of Quanex Building Products Corp. by 142.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,642,678 shares of the company’s stock valued at $28,516,000 after buying an additional 964,118 shares during the period. Investment Counselors of Maryland LLC acquired a new stake in shares of Quanex Building Products Corp. during the second quarter valued at approximately $12,968,000. Wedge Capital Management L L P NC acquired a new stake in shares of Quanex Building Products Corp. during the second quarter valued at approximately $10,032,000. Renaissance Technologies LLC boosted its stake in shares of Quanex Building Products Corp. by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,273,000 shares of the company’s stock valued at $22,099,000 after buying an additional 291,300 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in Quanex Building Products Corp. during the second quarter valued at about $4,628,000. Hedge funds and other institutional investors own 94.55% of the company’s stock.
About Quanex Building Products Corp.
Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry, including insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products, International Extrusion, and Corporate & Other.
Receive News & Ratings for Quanex Building Products Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products Corp. and related companies with MarketBeat.com's FREE daily email newsletter.