Shares of Quanex Building Products Co. (NYSE:NX) have been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.00.
NX has been the topic of a number of recent analyst reports. ValuEngine upgraded Quanex Building Products from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Saturday, September 8th. TheStreet raised Quanex Building Products from a “c” rating to a “b-” rating in a research report on Thursday, September 27th. Sidoti dropped their price target on Quanex Building Products to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 11th. Finally, CJS Securities raised Quanex Building Products from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Quanex Building Products by 165.2% in the 3rd quarter. Pacer Advisors Inc. now owns 6,352 shares of the construction company’s stock valued at $116,000 after buying an additional 3,957 shares during the last quarter. BlueMountain Capital Management LLC raised its position in Quanex Building Products by 1,302.9% in the 2nd quarter. BlueMountain Capital Management LLC now owns 9,245 shares of the construction company’s stock valued at $166,000 after buying an additional 8,586 shares during the last quarter. Jefferies Group LLC acquired a new stake in Quanex Building Products in the 3rd quarter valued at approximately $186,000. SG Americas Securities LLC acquired a new stake in Quanex Building Products in the 2nd quarter valued at approximately $250,000. Finally, Capital Fund Management S.A. acquired a new stake in Quanex Building Products in the 2nd quarter valued at approximately $372,000. 98.53% of the stock is currently owned by institutional investors.
Quanex Building Products (NYSE:NX) last issued its earnings results on Monday, December 10th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.21). Quanex Building Products had a return on equity of 5.40% and a net margin of 2.96%. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $246.16 million. During the same quarter last year, the business posted $0.37 EPS. Quanex Building Products’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Quanex Building Products will post 0.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, December 14th. Quanex Building Products’s dividend payout ratio is currently 49.23%.
Quanex Building Products Company Profile
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers; extruded vinyl profiles; window and door screens; cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry; and precision-formed metal and wood products, as well as solar panel sealants, trim moldings, vinyl decking and fencing products, water retention barriers, and conservatory roof components.
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