Quanex Building Products Co. (NYSE:NX - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as $15.53 and last traded at $17.10, with a volume of 926758 shares trading hands. The stock had previously closed at $16.62.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Quanex Building Products from a "hold" rating to a "sell" rating in a research note on Sunday, December 22nd.
Check Out Our Latest Research Report on NX
Quanex Building Products Price Performance
The company has a 50-day moving average of $19.71 and a 200 day moving average of $24.50. The firm has a market cap of $824.17 million, a P/E ratio of 15.59, a P/E/G ratio of 0.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24.
Quanex Building Products Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, March 17th. Quanex Building Products's payout ratio is 52.46%.
Hedge Funds Weigh In On Quanex Building Products
Several institutional investors have recently added to or reduced their stakes in NX. Quarry LP raised its stake in shares of Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after acquiring an additional 677 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Quanex Building Products by 833.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock worth $34,000 after purchasing an additional 1,267 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Quanex Building Products by 69.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after purchasing an additional 605 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Quanex Building Products in the fourth quarter valued at $44,000. Finally, KBC Group NV raised its holdings in shares of Quanex Building Products by 69.8% in the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after buying an additional 1,169 shares during the last quarter. 97.48% of the stock is owned by institutional investors.
About Quanex Building Products
(
Get Free Report)
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.
See Also
Before you consider Quanex Building Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quanex Building Products wasn't on the list.
While Quanex Building Products currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
