Quanex Building Products Co. (NYSE:NX - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.54 and last traded at $19.59, with a volume of 350360 shares. The stock had previously closed at $20.11.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Quanex Building Products from a "hold" rating to a "sell" rating in a report on Sunday, December 22nd.
Read Our Latest Research Report on NX
Quanex Building Products Price Performance
The stock's fifty day moving average price is $22.39 and its 200-day moving average price is $26.34. The firm has a market cap of $891.31 million, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.68 and a beta of 1.28. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.
Quanex Building Products (NYSE:NX - Get Free Report) last posted its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities research analysts forecast that Quanex Building Products Co. will post 2.18 earnings per share for the current fiscal year.
Quanex Building Products Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.08 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.69%. Quanex Building Products's dividend payout ratio (DPR) is presently 28.57%.
Insider Activity at Quanex Building Products
In related news, CEO George Laverne Wilson bought 4,328 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company's stock, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 2.15% of the stock is owned by insiders.
Institutional Trading of Quanex Building Products
Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after purchasing an additional 677 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Quanex Building Products in the third quarter worth $37,000. Sterling Capital Management LLC grew its stake in shares of 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 acquiring an additional 1,267 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after acquiring an additional 605 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Quanex Building Products in the fourth quarter worth $44,000. Institutional investors and hedge funds own 97.48% of the company's stock.
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.
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