Quanex Building Products Co. (NYSE:NX) – Equities research analysts at KeyCorp increased their Q3 2018 earnings per share estimates for shares of Quanex Building Products in a note issued to investors on Wednesday. KeyCorp analyst K. Zener now expects that the construction company will earn $0.40 per share for the quarter, up from their prior estimate of $0.34. KeyCorp also issued estimates for Quanex Building Products’ Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $0.90 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.04 EPS.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Monday, March 5th. The construction company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Quanex Building Products had a net margin of 3.17% and a return on equity of 6.72%. The business had revenue of $191.70 million for the quarter, compared to analysts’ expectations of $189.95 million. During the same period in the previous year, the company posted ($0.04) EPS. Quanex Building Products’s revenue was down 1.7% on a year-over-year basis.
Quanex Building Products (NYSE:NX) opened at $17.90 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.93. Quanex Building Products has a fifty-two week low of $16.50 and a fifty-two week high of $24.60. The company has a market cap of $604.97, a price-to-earnings ratio of 22.95 and a beta of 0.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, March 14th. Quanex Building Products’s payout ratio is presently 20.51%.
In related news, SVP Kevin P. Delaney sold 50,400 shares of Quanex Building Products stock in a transaction on Friday, December 15th. The shares were sold at an average price of $24.02, for a total value of $1,210,608.00. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. Also, VP Dewayne Williams sold 8,100 shares of Quanex Building Products stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $23.36, for a total transaction of $189,216.00. Following the completion of the sale, the vice president now directly owns 16,672 shares of the company’s stock, valued at approximately $389,457.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,921 shares of company stock valued at $1,861,684. 5.32% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Quanex Building Products by 6.8% during the 4th quarter. BlackRock Inc. now owns 5,120,523 shares of the construction company’s stock worth $119,821,000 after acquiring an additional 324,661 shares during the last quarter. Renaissance Technologies LLC lifted its position in Quanex Building Products by 31.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,203,700 shares of the construction company’s stock worth $28,167,000 after acquiring an additional 285,800 shares during the last quarter. Deutsche Bank AG lifted its position in Quanex Building Products by 636.7% during the 4th quarter. Deutsche Bank AG now owns 237,279 shares of the construction company’s stock worth $5,550,000 after acquiring an additional 205,069 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Quanex Building Products during the 4th quarter worth $2,711,000. Finally, Goldman Sachs Group Inc. lifted its position in Quanex Building Products by 77.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 130,008 shares of the construction company’s stock worth $3,042,000 after acquiring an additional 56,623 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.
Quanex Building Products Company Profile
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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