Quanex Building Products Co. (NYSE:NX) Director Susan F. Davis sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $22.77, for a total transaction of $227,700.00. Following the completion of the sale, the director now owns 35,182 shares of the company’s stock, valued at $801,094.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Quanex Building Products Co. (NX) opened at $22.50 on Monday. The company has a market cap of $784.13, a P/E ratio of 42.45 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products Co. has a 12 month low of $17.45 and a 12 month high of $24.60.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. The company had revenue of $233.00 million during the quarter, compared to analyst estimates of $232.47 million. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.00%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. sell-side analysts expect that Quanex Building Products Co. will post 0.9 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Wolverine Trading LLC bought a new position in Quanex Building Products during the 3rd quarter valued at about $231,000. Dimensional Fund Advisors LP lifted its stake in shares of Quanex Building Products by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,891,182 shares of the construction company’s stock worth $66,352,000 after purchasing an additional 31,873 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Quanex Building Products by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 286,796 shares of the construction company’s stock worth $6,582,000 after purchasing an additional 14,535 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Quanex Building Products by 7.2% in the 3rd quarter. Wells Fargo & Company MN now owns 209,803 shares of the construction company’s stock worth $4,815,000 after purchasing an additional 14,108 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of Quanex Building Products in the 3rd quarter worth approximately $271,000.
A number of research analysts recently weighed in on NX shares. Zacks Investment Research lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Wedbush lowered shares of Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Monday, December 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Quanex Building Products in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.00.
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