Quanex Building Products Co. (NYSE:NX) – Analysts at KeyCorp decreased their Q2 2018 earnings per share (EPS) estimates for Quanex Building Products in a research report issued on Wednesday. KeyCorp analyst K. Zener now forecasts that the construction company will earn $0.13 per share for the quarter, down from their previous estimate of $0.18. KeyCorp also issued estimates for Quanex Building Products’ Q1 2019 earnings at ($0.02) EPS.
Quanex Building Products (NYSE:NX) last issued its earnings results on Monday, March 5th. The construction company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. Quanex Building Products had a return on equity of 6.72% and a net margin of 3.17%. The firm had revenue of $191.70 million for the quarter, compared to the consensus estimate of $189.95 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year.
Shares of Quanex Building Products (NYSE NX) opened at $17.90 on Monday. Quanex Building Products has a 12-month low of $16.50 and a 12-month high of $24.60. The firm has a market capitalization of $627.75, a PE ratio of 23.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.93 and a quick ratio of 0.98.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Quanex Building Products by 6.8% in the 4th quarter. BlackRock Inc. now owns 5,120,523 shares of the construction company’s stock valued at $119,821,000 after acquiring an additional 324,661 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Quanex Building Products by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,891,182 shares of the construction company’s stock valued at $66,352,000 after acquiring an additional 31,873 shares in the last quarter. Cooke & Bieler LP raised its holdings in Quanex Building Products by 0.3% in the 4th quarter. Cooke & Bieler LP now owns 2,335,292 shares of the construction company’s stock valued at $54,646,000 after acquiring an additional 6,145 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Quanex Building Products by 31.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,203,700 shares of the construction company’s stock valued at $28,167,000 after acquiring an additional 285,800 shares in the last quarter. Finally, State Street Corp raised its holdings in Quanex Building Products by 5.1% in the 2nd quarter. State Street Corp now owns 837,719 shares of the construction company’s stock valued at $17,720,000 after acquiring an additional 40,540 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Kevin P. Delaney sold 50,400 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the completion of the transaction, the senior vice president now owns 111,527 shares of the company’s stock, valued at approximately $2,678,878.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dewayne Williams sold 8,100 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $23.36, for a total value of $189,216.00. Following the transaction, the vice president now directly owns 16,672 shares of the company’s stock, valued at approximately $389,457.92. The disclosure for this sale can be found here. Insiders sold 78,921 shares of company stock valued at $1,861,684 in the last ninety days. Insiders own 5.32% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.04 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.89%. Quanex Building Products’s dividend payout ratio is currently 20.51%.
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Quanex Building Products Company Profile
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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