Equities research analysts at Seaport Global Securities assumed coverage on shares of Quanex Building Products (NYSE:NX) in a research note issued to investors on Friday, The Fly reports. The firm set a “buy” rating on the construction company’s stock.
A number of other equities research analysts have also issued reports on NX. Zacks Investment Research upgraded Quanex Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Sidoti dropped their price target on Quanex Building Products to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, December 11th. Finally, CJS Securities upgraded Quanex Building Products from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.00.
Shares of Quanex Building Products stock opened at $15.25 on Friday. Quanex Building Products has a 12 month low of $10.70 and a 12 month high of $20.30. The company has a market cap of $512.71 million, a price-to-earnings ratio of 23.46 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 2.48 and a debt-to-equity ratio of 0.59.
In other Quanex Building Products news, Director Joseph D. Rupp acquired 30,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was bought at an average cost of $12.99 per share, for a total transaction of $389,700.00. Following the completion of the transaction, the director now owns 25,421 shares of the company’s stock, valued at approximately $330,218.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.98% of the company’s stock.
A number of institutional investors have recently modified their holdings of NX. Huntington National Bank purchased a new position in Quanex Building Products in the fourth quarter worth approximately $29,000. Meeder Asset Management Inc. purchased a new position in Quanex Building Products in the fourth quarter worth approximately $41,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Quanex Building Products during the fourth quarter worth $50,000. Quantamental Technologies LLC purchased a new position in shares of Quanex Building Products during the fourth quarter worth $57,000. Finally, Pacer Advisors Inc. boosted its position in shares of Quanex Building Products by 165.2% during the third quarter. Pacer Advisors Inc. now owns 6,352 shares of the construction company’s stock worth $116,000 after buying an additional 3,957 shares during the period. Institutional investors own 98.17% of the company’s stock.
About Quanex Building Products
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.
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