Quanex Building Products has a payout ratio of 13.4% which means that its earnings are adequately covered by dividends.
Performance of Quanex Building Products stocks
NX stock price fell by $0.17 during mid-day trading on Friday, to reach $25.24. A total of 81,772 shares were traded, compared to an average trading volume of 154,097 shares. The company has a quick ratio of 1.26, a current ratio of 2.22, and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $26.86 and a 200-day moving average of $23.96. The company’s market capitalization is $831.66 million, the P/E ratio is 11.34, and the beta is 1.42. Quanex Building Products has a 52-week low of $18.00 and a 52-week high of $28.43.
Quanex Building Products (NYSE:NX – GET FREE REPORT) last announced its earnings results on Friday, June 2nd. The builder reported earnings of $0.66 per share for the quarter, beating the consensus estimate of $0.41 by $0.25. Quanex Building Products had a return on equity of 16.75% and a net margin of 6.34%. The company achieved revenues of $273.54 million during the quarter. During the same quarter in the previous year, the company earned $0.80 per share.
Wall Street analyst weighs in
Separately, StockNews.com downgraded shares of Quanex Building Products from a “strong buy” rating to a “buy” rating in a research report on Friday.
View the latest stock report for Quanex Building Products
Buying and selling from within
In other news, Director William C. Griffiths sold 16,071 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $28.09, for a total transaction of $451,434.39. After the sale, the manager now owns directly 167,236 shares of the company, valued at $4,697,659.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. In other Quanex Building Products news, Director William C. Griffiths sold 9,223 shares of Quanex Building Products stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $27.03, for a total transaction of $249,297.69. Following the sale, the manager now owns directly 201,692 shares of the company’s stock, valued at $5,451,734.76. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Also, Director William C. Griffiths sold 16,071 shares of stock in a transaction that took place on Monday, July 31st. The stock was sold at an average price of $28.09, for a total value of $451,434.39. Following the completion of the transaction, the Director now owns directly 167,236 shares of the Company’s stock, valued at $4,697,659.24. Disclosure of this sale can be found here. Insiders have sold a total of 53,784 shares of the company’s stock, valued at $1,466,867, over the past three months. 2.60% of the shares are owned by corporate insiders.
Hedge Funds Influence Quanex Building Products
Several institutional investors have recently added or reduced their stakes in NX. LSV Asset Management boosted its stake in Quanex Building Products by 6,352.9% in the first quarter. LSV Asset Management now owns 548,496 shares of the builder’s stock valued at $11,513,000 after purchasing an additional 539,996 shares last quarter. Envestnet Asset Management Inc. Its holdings in Quanex Building Products increased by 1,379.7% in the first quarter. Envestnet Asset Management Inc. Now 263,428 shares of the builder’s stock value $253,000 after acquiring an additional 245,625 shares during the last quarter. Millennium Management LLC increased its position in Quanex Building Products by 134.8% in the second quarter. Millennium Management LLC now owns 286,579 shares of the construction company valued at $6,520,000 after acquiring an additional 164,551 shares last quarter. Ameriprise Financial Inc. It increased its stake in Quanex Building Products by 13.8% in the first quarter. Ameriprise Financial Inc. Now 1,344,920 shares of the builder’s stock are valued at $28,956,000 after acquiring an additional 162,588 shares during the most recent quarter. Finally, Goldman Sachs Group Inc. Its position in shares of Quanex Building Products increased by 142.3% during the second quarter. Goldman Sachs Group Inc. owns Now 155,587 shares of the builder’s stock valued at $4,178,000 after purchasing an additional 91,362 shares last quarter. 99.62% of the shares are owned by institutional investors.
About Quanex Construction Products
(Get a free report)
Quanex Building Products Corporation, together with its subsidiaries, supplies components to the window industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Window, European Windows, and North American Cabinet Components.
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(tags for translation)Quanex Building Products