Quanex Building Products (NYSE:NX) Trading Down 4%

Shares of Quanex Building Products Co. (NYSE:NX) traded down 4% on Monday . The stock traded as low as $32.62 and last traded at $33.26. 110,377 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 152,182 shares. The stock had previously closed at $34.64.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Tuesday.

Quanex Building Products Stock Up 3.1 %

The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.15 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a 50 day simple moving average of $35.67 and a two-hundred day simple moving average of $32.14.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, March 7th. The construction company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $239.16 million during the quarter, compared to the consensus estimate of $232.90 million. Quanex Building Products had a return on equity of 17.11% and a net margin of 7.84%. On average, equities analysts predict that Quanex Building Products Co. will post 2.4 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.92%. Quanex Building Products’s dividend payout ratio is currently 12.17%.

Insider Activity

In other news, SVP Paul Cornett sold 3,064 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $37.72, for a total transaction of $115,574.08. Following the completion of the transaction, the senior vice president now directly owns 43,902 shares in the company, valued at approximately $1,655,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.15% of the company’s stock.

Institutional Trading of Quanex Building Products

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Quanex Building Products by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after buying an additional 30,198 shares during the period. Pacer Advisors Inc. raised its holdings in Quanex Building Products by 46.6% during the 4th quarter. Pacer Advisors Inc. now owns 791,876 shares of the construction company’s stock valued at $24,208,000 after buying an additional 251,892 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Quanex Building Products by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,581 shares of the construction company’s stock valued at $15,578,000 after buying an additional 9,172 shares during the period. American Century Companies Inc. raised its holdings in Quanex Building Products by 19.1% during the 3rd quarter. American Century Companies Inc. now owns 462,937 shares of the construction company’s stock valued at $13,041,000 after buying an additional 74,297 shares during the period. Finally, Invesco Ltd. raised its holdings in Quanex Building Products by 3.1% during the 3rd quarter. Invesco Ltd. now owns 327,436 shares of the construction company’s stock valued at $9,224,000 after buying an additional 9,875 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.