Quanex Building Products (NYSE:NX) Sees Strong Trading Volume

Quanex Building Products Co. (NYSE:NX) saw unusually-strong trading volume on Wednesday . Approximately 1,149,929 shares were traded during trading, an increase of 334% from the previous session’s volume of 265,003 shares.The stock last traded at $26.53 and had previously closed at $26.59.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NX shares. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Tuesday, April 23rd. StockNews.com downgraded Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th.

Quanex Building Products Stock Up 0.9 %

The company has a quick ratio of 1.37, a current ratio of 2.22 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $29.33 and a 200-day moving average price of $32.66. The stock has a market capitalization of $888.09 million, a P/E ratio of 10.88, a PEG ratio of 0.81 and a beta of 1.29.

Quanex Building Products (NYSE:NX) last issued its earnings results on Friday, June 7th. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. Quanex Building Products had a return on equity of 16.55% and a net margin of 7.33%. The firm had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $268.80 million. During the same period in the previous year, the firm posted $0.66 earnings per share. As a group, research analysts forecast that Quanex Building Products Co. will post 2.33 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.08 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 1.19%. Quanex Building Products’s dividend payout ratio is currently 13.11%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NX. Innealta Capital LLC purchased a new position in shares of Quanex Building Products during the second quarter valued at approximately $46,000. nVerses Capital LLC boosted its holdings in shares of Quanex Building Products by 900.0% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock valued at $55,000 after purchasing an additional 1,800 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Quanex Building Products by 157.1% in the first quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock valued at $69,000 after purchasing an additional 1,090 shares during the period. Quest Partners LLC boosted its holdings in shares of Quanex Building Products by 9,011.1% in the second quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock valued at $91,000 after purchasing an additional 3,244 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Quanex Building Products in the second quarter valued at approximately $101,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

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.