Shares of Quanex Building Products Corp. (NYSE:NX) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.13.

Several equities analysts recently commented on the company. Imperial Capital reissued an “outperform” rating and set a $25.00 price target on shares of Quanex Building Products Corp. in a research report on Thursday, June 2nd. Wedbush reissued an “outperform” rating and set a $23.00 price target on shares of Quanex Building Products Corp. in a research report on Wednesday, June 1st. TheStreet raised Quanex Building Products Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Zacks Investment Research lowered Quanex Building Products Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 1st. Finally, KeyCorp raised Quanex Building Products Corp. from a “sector weight” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Friday, June 10th.

Several institutional investors have recently made changes to their positions in NX. Fisher Asset Management LLC raised its position in shares of Quanex Building Products Corp. by 8.1% in the first quarter. Fisher Asset Management LLC now owns 176,589 shares of the company’s stock worth $3,265,000 after buying an additional 13,205 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Quanex Building Products Corp. by 8.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 41,000 shares of the company’s stock worth $712,000 after buying an additional 3,300 shares during the last quarter. Virginia Retirement System purchased a new stake in shares of Quanex Building Products Corp. during the first quarter worth $342,000. TIAA CREF Investment Management LLC increased its stake in shares of Quanex Building Products Corp. by 25.0% in the first quarter. TIAA CREF Investment Management LLC now owns 271,904 shares of the company’s stock worth $4,720,000 after buying an additional 54,309 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Quanex Building Products Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 81,046 shares of the company’s stock worth $1,407,000 after buying an additional 2,700 shares during the period. 94.46% of the stock is currently owned by institutional investors.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/quanex-building-products-corp-nysenx-receives-average-rating-of-buy-from-analysts.html

Shares of Quanex Building Products Corp. (NYSE:NX) traded up 0.06% during midday trading on Wednesday, hitting $17.06. The company had a trading volume of 98,384 shares. The stock’s 50-day moving average price is $19.23 and its 200-day moving average price is $18.86. The company has a market cap of $579.20 million, a price-to-earnings ratio of 227.47 and a beta of 1.21. Quanex Building Products Corp. has a 12 month low of $15.33 and a 12 month high of $21.66.

Quanex Building Products Corp. (NYSE:NX) last released its quarterly earnings results on Tuesday, September 6th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $248.10 million for the quarter. Quanex Building Products Corp. had a return on equity of 6.25% and a net margin of 0.30%. The business’s revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, equities research analysts forecast that Quanex Building Products Corp. will post $0.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, September 14th. Quanex Building Products Corp.’s payout ratio is 228.60%.

About Quanex Building Products Corp.

Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry, including insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products, International Extrusion, and Corporate & Other.

5 Day Chart for NYSE:NX

Receive News & Ratings for Quanex Building Products Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products Corp. and related companies with MarketBeat.com's FREE daily email newsletter.