Quanex Building Products Corporation (NYSE:NX)‘s stock had its “hold” rating reiterated by analysts at KeyCorp in a research note issued on Friday.

NX has been the topic of a number of other research reports. Wedbush upgraded shares of Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $25.00 to $24.00 in a report on Friday, September 8th. Zacks Investment Research lowered shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. TheStreet upgraded shares of Quanex Building Products Corporation from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. BidaskClub lowered shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Sidoti began coverage on shares of Quanex Building Products Corporation in a report on Monday, August 7th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Quanex Building Products Corporation (NYSE:NX) opened at 22.30 on Friday. Quanex Building Products Corporation has a 52 week low of $15.41 and a 52 week high of $23.60. The stock has a 50 day moving average price of $21.87 and a 200 day moving average price of $20.82. The firm has a market capitalization of $768.39 million, a PE ratio of 56.74 and a beta of 0.67.

Quanex Building Products Corporation (NYSE:NX) last posted its earnings results on Wednesday, September 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The business had revenue of $229.40 million for the quarter, compared to analyst estimates of $235.45 million. Quanex Building Products Corporation had a net margin of 1.52% and a return on equity of 7.87%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. Equities analysts forecast that Quanex Building Products Corporation will post $0.69 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/27/quanex-building-products-corporation-nx-receives-hold-rating-from-keycorp.html.

In other Quanex Building Products Corporation news, VP Brent L. Korb sold 17,500 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the transaction, the vice president now owns 94,679 shares in the company, valued at approximately $2,002,460.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.32% of the company’s stock.

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Quanex Building Products Corporation by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,746 shares of the construction company’s stock valued at $142,000 after purchasing an additional 2,946 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Quanex Building Products Corporation by 36.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock valued at $229,000 after purchasing an additional 2,895 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Quanex Building Products Corporation in the 3rd quarter valued at about $299,000. SG Americas Securities LLC acquired a new stake in shares of Quanex Building Products Corporation in the 2nd quarter valued at about $314,000. Finally, Arizona State Retirement System raised its stake in shares of Quanex Building Products Corporation by 1.7% in the 1st quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock valued at $363,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Quanex Building Products Corporation Company Profile

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