Quanex Building Products (NYSE:NX) Reaches New 1-Year Low - Here's What Happened

Quanex Building Products Co. (NYSE:NX - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $21.48 and last traded at $21.72, with a volume of 7633 shares. The stock had previously closed at $21.80.

Analysts Set New Price Targets

Separately, StockNews.com lowered Quanex Building Products from a "hold" rating to a "sell" rating in a research report on Sunday, December 22nd.

Quanex Building Products Price Performance

The company has a 50-day moving average price of $27.61 and a two-hundred day moving average price of $28.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The company has a market cap of $1.06 billion, a PE ratio of 20.01, a P/E/G ratio of 0.89 and a beta of 1.30.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same quarter in the previous year, the business posted $0.95 EPS. Sell-side analysts expect that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.43%. Quanex Building Products's dividend payout ratio is 28.57%.

Insider Buying and Selling at Quanex Building Products

In related news, CEO George Laverne Wilson acquired 4,328 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $23.03 per share, with a total value of $99,673.84. Following the completion of the acquisition, the chief executive officer now owns 287,644 shares of the company's stock, valued at $6,624,441.32. This trade represents a 1.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.15% of the company's stock.

Institutional Investors Weigh In On Quanex Building Products

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company's stock worth $28,000 after purchasing an additional 393 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock valued at $41,000 after buying an additional 605 shares in the last quarter. Quarry LP lifted its stake in shares of Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after buying an additional 677 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Quanex Building Products by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 24,200 shares of the construction company's stock valued at $669,000 after buying an additional 800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Quanex Building Products by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,318 shares of the construction company's stock valued at $479,000 after buying an additional 1,038 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.