Quanex Building Products Co. (NYSE:NX) – Equities research analysts at KeyCorp decreased their Q2 2018 earnings per share (EPS) 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 $0.13 per share for the quarter, down from their previous forecast of $0.18. KeyCorp also issued estimates for Quanex Building Products’ Q1 2019 earnings at ($0.02) EPS.
Quanex Building Products (NYSE:NX) last issued its earnings results on Monday, March 5th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. Quanex Building Products had a return on equity of 6.72% and a net margin of 3.17%. The business had revenue of $191.70 million during the quarter, compared to analysts’ expectations of $189.95 million. During the same period in the prior year, the firm posted ($0.04) EPS. Quanex Building Products’s quarterly revenue was down 1.7% compared to the same quarter last year.
Quanex Building Products (NX) opened at $17.90 on Monday. Quanex Building Products has a twelve month low of $16.50 and a twelve month high of $24.60. The company has a quick ratio of 0.98, a current ratio of 1.93 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $627.75, a P/E ratio of 23.25 and a beta of 0.74.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Quanex Building Products by 6.8% in the 4th quarter. BlackRock Inc. now owns 5,120,523 shares of the construction company’s stock valued at $119,821,000 after buying an additional 324,661 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Quanex Building Products by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,891,182 shares of the construction company’s stock valued at $66,352,000 after buying an additional 31,873 shares during the last quarter. Cooke & Bieler LP boosted its position in Quanex Building Products by 0.3% in the 4th quarter. Cooke & Bieler LP now owns 2,335,292 shares of the construction company’s stock valued at $54,646,000 after buying an additional 6,145 shares during the last quarter. Renaissance Technologies LLC boosted its position in Quanex Building Products by 31.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,203,700 shares of the construction company’s stock valued at $28,167,000 after buying an additional 285,800 shares during the last quarter. Finally, State Street Corp boosted its position in Quanex Building Products by 5.1% in the 2nd quarter. State Street Corp now owns 837,719 shares of the construction company’s stock valued at $17,720,000 after buying an additional 40,540 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.
In related news, VP Dewayne Williams sold 8,100 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan F. Davis sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $22.77, for a total value of $227,700.00. Following the sale, the director now directly owns 35,182 shares of the company’s stock, valued at $801,094.14. The disclosure for this sale can be found here. Insiders have sold a total of 78,921 shares of company stock valued at $1,861,684 over the last ninety days. Insiders own 5.32% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.89%. Quanex Building Products’s dividend payout ratio is 20.51%.
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.
Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.