Quanex Building Products (NX) Coverage Initiated by Analysts at Seaport Global Securities

Share on StockTwits

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.

Quanex Building Products (NYSE:NX) last announced its earnings results on Tuesday, March 5th. The construction company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Quanex Building Products had a return on equity of 5.32% and a net margin of 1.98%. As a group, equities research analysts anticipate that Quanex Building Products will post 0.67 EPS for the current fiscal year.

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.

Featured Article: Dividend Aristocrat Index

The Fly

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.



Latest News

Electroneum  Trading 10.8% Higher  Over Last Week
Electroneum Trading 10.8% Higher Over Last Week
$0.25 Earnings Per Share Expected for Paylocity Holding Corp  This Quarter
$0.25 Earnings Per Share Expected for Paylocity Holding Corp This Quarter
YoloCash  Market Cap Hits $15,461.00
YoloCash Market Cap Hits $15,461.00
VikkyToken Achieves Market Cap of $28,771.00
VikkyToken Achieves Market Cap of $28,771.00
Head to Head Analysis: Key Energy Services  vs. RPC
Head to Head Analysis: Key Energy Services vs. RPC
Colu Local Network  Price Up 4.3% This Week
Colu Local Network Price Up 4.3% This Week


© 2006-2019 Ticker Report