Brokerages Set Quanex Building Products Co. (NX) PT at $22.50

Shares of Quanex Building Products Co. (NYSE:NX) have received an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $22.50.

A number of research analysts have recently weighed in on NX shares. Zacks Investment Research lowered Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Wedbush lowered Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Monday, December 18th. Finally, KeyCorp restated a “hold” rating on shares of Quanex Building Products in a report on Friday, October 27th.

Shares of Quanex Building Products (NX) traded up $0.20 during trading hours on Friday, reaching $18.80. The company’s stock had a trading volume of 52,223 shares, compared to its average volume of 162,592. The company has a market capitalization of $652.31, a price-to-earnings ratio of 35.47 and a beta of 0.57. The company has a current ratio of 1.80, a quick ratio of 0.98 and a debt-to-equity ratio of 0.54. Quanex Building Products has a 1-year low of $17.45 and a 1-year high of $24.60.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $232.47 million. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. equities research analysts expect that Quanex Building Products will post 0.9 earnings per share for the current year.

In related news, Director Susan F. Davis sold 10,421 shares of Quanex Building Products stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $22.47, for a total transaction of $234,159.87. Following the sale, the director now directly owns 35,603 shares in the company, valued at $799,999.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin P. Delaney sold 50,400 shares of Quanex Building Products stock in a transaction on Friday, December 15th. The stock was sold at an average price of $24.02, for a total value of $1,210,608.00. Following the sale, the senior vice president now owns 111,527 shares in the company, valued at $2,678,878.54. The disclosure for this sale can be found here. Insiders sold 78,921 shares of company stock worth $1,861,684 in the last 90 days. Corporate insiders own 5.59% of the company’s stock.

A number of institutional investors have recently modified their holdings of NX. Virtu Financial LLC bought a new stake in Quanex Building Products during the fourth quarter worth $221,000. Millennium Management LLC bought a new stake in Quanex Building Products during the fourth quarter worth $223,000. Wolverine Trading LLC bought a new stake in Quanex Building Products during the third quarter worth $231,000. Teacher Retirement System of Texas bought a new stake in Quanex Building Products during the fourth quarter worth $248,000. Finally, Aperio Group LLC bought a new stake in Quanex Building Products during the fourth quarter worth $254,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

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Quanex Building Products Company Profile

Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.

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