Quanex Building Products (NYSE:NX) Shares Down 4% – Time to Sell?

Quanex Building Products Co. (NYSE:NX) shares were down 4% on Monday . The stock traded as low as $26.81 and last traded at $27.01. Approximately 110,690 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 358,516 shares. The stock had previously closed at $28.15.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com downgraded shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday.

Quanex Building Products Trading Down 0.6 %

The stock has a market cap of $1.32 billion, a PE ratio of 25.21, a PEG ratio of 0.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. The stock has a fifty day moving average price of $29.62 and a 200 day moving average price of $28.99.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same quarter in the previous year, the business earned $0.95 EPS. Equities analysts expect that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s payout ratio is currently 28.57%.

Hedge Funds Weigh In On Quanex Building Products

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in Quanex Building Products by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock valued at $562,000 after buying an additional 1,150 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Quanex Building Products by 37.9% in the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after purchasing an additional 286,128 shares during the period. Vestcor Inc grew its stake in Quanex Building Products by 720.3% in the third quarter. Vestcor Inc now owns 19,360 shares of the construction company’s stock worth $537,000 after purchasing an additional 17,000 shares in the last quarter. Barclays PLC increased its holdings in Quanex Building Products by 391.4% during the 3rd quarter. Barclays PLC now owns 83,794 shares of the construction company’s stock worth $2,325,000 after purchasing an additional 66,742 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

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.