Quanex Building Products Corporation (NYSE:NX) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

A number of other equities analysts have also recently commented on NX. Wedbush reissued an “outperform” rating and set a $25.00 target price on shares of Quanex Building Products Corporation in a report on Wednesday, July 19th. Sidoti started coverage on Quanex Building Products Corporation in a report on Monday, August 7th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.75.

Shares of Quanex Building Products Corporation (NX) traded up 1.58% during mid-day trading on Friday, reaching $19.25. The company had a trading volume of 183,950 shares. The company’s market capitalization is $657.52 million. Quanex Building Products Corporation has a 52 week low of $15.40 and a 52 week high of $22.65. The stock has a 50 day moving average of $21.02 and a 200-day moving average of $20.26.

Quanex Building Products Corporation (NYSE:NX) last announced its earnings results on Tuesday, May 30th. The construction company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The business had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $205.27 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. On average, analysts expect that Quanex Building Products Corporation will post $0.79 earnings per share for the current fiscal year.

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In related news, SVP Kevin P. Delaney sold 13,642 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $21.01, for a total value of $286,618.42. Following the completion of the sale, the senior vice president now owns 111,991 shares of the company’s stock, valued at $2,352,930.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kevin P. Delaney sold 21,275 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $21.16, for a total value of $450,179.00. Following the completion of the sale, the senior vice president now directly owns 103,963 shares of the company’s stock, valued at approximately $2,199,857.08. The disclosure for this sale can be found here. Insiders have sold 104,809 shares of company stock valued at $2,230,713 in the last three months. Insiders own 5.32% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Quanex Building Products Corporation by 0.9% in the second quarter. BlackRock Inc. now owns 4,732,378 shares of the construction company’s stock valued at $100,089,000 after buying an additional 40,778 shares in the last quarter. Praesidium Investment Management Company LLC boosted its stake in Quanex Building Products Corporation by 0.5% in the first quarter. Praesidium Investment Management Company LLC now owns 3,347,191 shares of the construction company’s stock valued at $67,781,000 after buying an additional 16,251 shares in the last quarter. Vanguard Group Inc. boosted its stake in Quanex Building Products Corporation by 3.4% in the second quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock valued at $66,228,000 after buying an additional 104,038 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Quanex Building Products Corporation by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,859,309 shares of the construction company’s stock valued at $60,474,000 after buying an additional 111,005 shares in the last quarter. Finally, Cooke & Bieler LP boosted its stake in Quanex Building Products Corporation by 2.8% in the second quarter. Cooke & Bieler LP now owns 2,181,942 shares of the construction company’s stock valued at $46,148,000 after buying an additional 58,578 shares in the last quarter. 99.45% of the stock is owned by hedge funds and other institutional investors.

About Quanex Building Products Corporation

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