Insider Selling: Quanex Building Products (NYSE:NX) SVP Sells $117,260.00 in Stock

Quanex Building Products Corporation (NYSE:NX) SVP Paul Cornett sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $21.32, for a total value of $117,260.00. Following the completion of the transaction, the senior vice president directly owned 70,074 shares in the company, valued at approximately $1,493,977.68. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Quanex Building Products Price Performance

Quanex Building Products stock opened at $20.92 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.21. The business has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $19.15. Quanex Building Products Corporation has a 12 month low of $11.04 and a 12 month high of $23.33. The stock has a market capitalization of $958.86 million, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.79 and a beta of 0.95.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. The firm had revenue of $501.85 million for the quarter, compared to analyst estimates of $497.51 million. Quanex Building Products had a net margin of 2.43% and a return on equity of 11.61%. During the same period last year, the firm posted ($6.04) EPS. Equities analysts predict that Quanex Building Products Corporation will post 1.82 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 15th. Quanex Building Products’s dividend payout ratio (DPR) is 32.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NX shares. Wall Street Zen upgraded shares of Quanex Building Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Weiss Ratings raised shares of Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of Quanex Building Products in a report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System purchased a new position in Quanex Building Products in the third quarter valued at about $192,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Quanex Building Products during the 3rd quarter valued at approximately $376,000. SummerHaven Investment Management LLC purchased a new stake in shares of Quanex Building Products during the 3rd quarter worth approximately $542,000. GAMMA Investing LLC boosted its stake in shares of Quanex Building Products by 63.6% during the 3rd quarter. GAMMA Investing LLC now owns 5,227 shares of the construction company’s stock worth $99,000 after acquiring an additional 2,032 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of Quanex Building Products by 7.1% during the 3rd quarter. Moody National Bank Trust Division now owns 56,787 shares of the construction company’s stock worth $1,072,000 after acquiring an additional 3,745 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

Quanex Building Products Corporation (NYSE: NX) is a manufacturer of components and systems used in the production of energy-efficient windows, doors, cabinets and other building products. The company primarily serves original equipment manufacturers and fabricators rather than selling finished construction products directly to consumers.

Its product portfolio includes insulating glass components, spacer systems, window and door profiles, screens, fenestration hardware, weather-sealing products, cabinet doors and drawer fronts.