Quanex Building Products Co. (NYSE:NX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.78 and traded as high as $29.93. Quanex Building Products shares last traded at $29.84, with a volume of 244,329 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. StockNews.com upgraded Quanex Building Products from a "hold" rating to a "buy" rating in a research note on Tuesday, October 8th. Benchmark reaffirmed a "buy" rating and set a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th.
View Our Latest Report on NX
Quanex Building Products Stock Performance
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 business's fifty day moving average price is $28.17 and its 200-day moving average price is $29.75. The stock has a market capitalization of $1.47 billion, a PE ratio of 13.85, a P/E/G ratio of 0.71 and a beta of 1.25.
Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $280.35 million for the quarter, compared to analysts' expectations of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same period in the previous year, the firm earned $0.97 EPS. As a group, equities research analysts expect that Quanex Building Products Co. will post 2.15 EPS for the current year.
Quanex Building Products Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. Quanex Building Products's dividend payout ratio (DPR) is 14.22%.
Institutional Trading of Quanex Building Products
Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Quanex Building Products by 13.7% during the 1st quarter. BNP Paribas Financial Markets now owns 20,577 shares of the construction company's stock valued at $791,000 after purchasing an additional 2,480 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Quanex Building Products by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company's stock valued at $598,000 after buying an additional 304 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in Quanex Building Products in the 1st quarter valued at $219,000. Texas Permanent School Fund Corp raised its stake in shares of Quanex Building Products by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 28,972 shares of the construction company's stock worth $1,113,000 after buying an additional 477 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Quanex Building Products by 3.3% in the first quarter. Empowered Funds LLC now owns 207,819 shares of the construction company's stock valued at $7,986,000 after purchasing an additional 6,678 shares in the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.
Quanex Building Products Company Profile
(
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
