Quanex Building Products (NYSE:NX) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Quanex Building Products Corporation (NYSE:NX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.45 and traded as high as $18.62. Quanex Building Products shares last traded at $18.2570, with a volume of 389,296 shares changing hands.

Analyst Ratings Changes

NX has been the topic of a number of research reports. Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $28.00.

Quanex Building Products Price Performance

The firm has a market cap of $838.51 million, a price-to-earnings ratio of -3.24, a P/E/G ratio of 0.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28. The business has a 50 day simple moving average of $17.50 and a 200-day simple moving average of $18.45.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $462.37 million during the quarter, compared to the consensus estimate of $459.27 million. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%. Equities research analysts expect that Quanex Building Products Corporation will post 1.66 earnings per share for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. Quanex Building Products’s dividend payout ratio is presently -5.68%.

Institutional Trading of Quanex Building Products

Several institutional investors have recently made changes to their positions in NX. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Quanex Building Products in the 1st quarter worth about $17,970,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Quanex Building Products by 961.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 592,785 shares of the construction company’s stock worth $10,652,000 after buying an additional 536,949 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Quanex Building Products by 36.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company’s stock worth $31,296,000 after buying an additional 462,992 shares in the last quarter. Western Standard LLC bought a new position in shares of Quanex Building Products during the 4th quarter worth approximately $4,219,000. Finally, IES Holdings Inc. purchased a new position in shares of Quanex Building Products in the 4th quarter worth approximately $3,846,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Company Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.