Susan F. Davis Sells 10,000 Shares of Quanex Building Products Co. (NYSE:NX) Stock

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.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, December 14th. Quanex Building Products’s dividend payout ratio (DPR) is 30.19%.

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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