Quanex Building Products (NYSE:NX) Sets New 52-Week Low – Should You Sell?

Quanex Building Products Co. (NYSE:NX)’s stock price 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 trading hands. The stock had previously closed at $20.11.

Analyst Upgrades and Downgrades

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.

Quanex Building Products Price Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company has a market cap of $924.64 million, a P/E ratio of 17.49, a P/E/G ratio of 0.68 and a beta of 1.28. The firm’s fifty day moving average is $22.70 and its two-hundred day moving average is $26.50.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same period in the prior year, the business earned $0.95 EPS. As a group, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.63%. Quanex Building Products’s payout ratio is currently 28.57%.

Insider Transactions at Quanex Building Products

In other news, CEO George Laverne Wilson acquired 4,328 shares of Quanex Building Products stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $23.03 per share, with a total value of $99,673.84. Following the purchase, the chief executive officer now directly owns 287,644 shares in the company, valued at $6,624,441.32. The trade was a 1.53 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.15% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP lifted its position in Quanex Building Products by 150.8% during the third 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. Sterling Capital Management LLC raised its position in shares of Quanex Building Products by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after buying an additional 1,267 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Quanex Building Products in the 3rd quarter valued at about $37,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Quanex Building Products by 69.4% in 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 acquiring an additional 605 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in Quanex Building Products in the fourth quarter worth about $44,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

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.