Quanex Building Products (NYSE:NX) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Quanex Building Products Corporation (NYSE:NX) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.80 and traded as high as $20.08. Quanex Building Products shares last traded at $20.0750, with a volume of 470,167 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NX shares. Wall Street Zen cut Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Benchmark reaffirmed a “buy” rating on shares of Quanex Building Products in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Finally, Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Quanex Building Products has an average rating of “Hold” and an average price target of $28.00.

Quanex Building Products Stock Up 4.9%

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $19.07. The stock has a market capitalization of $951.52 million, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 0.78 and a beta of 0.92.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%. The company had revenue of $501.85 million during the quarter, compared to analyst estimates of $497.51 million. During the same period last year, the company posted ($6.04) earnings per share. On average, sell-side analysts forecast that Quanex Building Products Corporation will post 1.82 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.08 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. Quanex Building Products’s dividend payout ratio is 32.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new position in Quanex Building Products during the second quarter worth about $26,000. Public Employees Retirement System of Ohio bought a new stake in Quanex Building Products in the 2nd quarter worth about $36,000. Allworth Financial LP purchased a new stake in Quanex Building Products in the 2nd quarter valued at about $51,000. GAMMA Investing LLC increased its stake in Quanex Building Products by 63.6% in the 3rd quarter. GAMMA Investing LLC now owns 5,227 shares of the construction company’s stock valued at $99,000 after buying an additional 2,032 shares during the last quarter. Finally, Byrne Asset Management LLC increased its stake in Quanex Building Products by 58.5% in the 2nd quarter. Byrne Asset Management LLC now owns 8,290 shares of the construction company’s stock valued at $154,000 after buying an additional 3,060 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

About Quanex Building Products

Quanex Building Products Corporation (NYSE: NX) is a manufacturer of components and systems used in the production of energy-efficient windows, doors, cabinets and other building products. The company primarily serves original equipment manufacturers and fabricators rather than selling finished construction products directly to consumers.

Its product portfolio includes insulating glass components, spacer systems, window and door profiles, screens, fenestration hardware, weather-sealing products, cabinet doors and drawer fronts.