Quanex Building Products (NYSE:NX) Insider Sells $1,904,590.90 in Stock

Quanex Building Products Corporation (NYSE:NX) insider Teleios Capital Partners Gmbh sold 119,485 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $15.94, for a total transaction of $1,904,590.90. Following the sale, the insider owned 4,421,879 shares in the company, valued at $70,484,751.26. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Teleios Capital Partners Gmbh also recently made the following trade(s):

• On Tuesday, December 16th, Teleios Capital Partners Gmbh sold 80,515 shares of Quanex Building Products stock. The shares were sold at an average price of $16.51, for a total transaction of $1,329,302.65.

Quanex Building Products Stock Down 5.0%

Shares of NX stock opened at $15.44 on Friday. The firm has a fifty day moving average of $13.90 and a 200-day moving average of $16.83. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.92. Quanex Building Products Corporation has a 12-month low of $11.04 and a 12-month high of $25.67. The company has a market capitalization of $705.14 million, a price-to-earnings ratio of -2.81, a P/E/G ratio of 0.53 and a beta of 0.97.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Thursday, December 11th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $489.85 million for the quarter, compared to analyst estimates of $472.62 million. Quanex Building Products had a negative net margin of 13.65% and a positive return on equity of 12.46%. During the same period last year, the business posted $0.61 earnings per share. As a group, equities research analysts predict that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. Quanex Building Products’s dividend payout ratio is currently -5.83%.

Analyst Upgrades and Downgrades

NX has been the subject of several research reports. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research report on Wednesday, October 8th. Finally, Benchmark cut their price target on shares of Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.00.

Hedge Funds Weigh In On Quanex Building Products

Several institutional investors and hedge funds have recently modified their holdings of NX. Danske Bank A S acquired a new stake in shares of Quanex Building Products during the 3rd quarter worth about $26,000. CWM LLC raised its holdings in Quanex Building Products by 104.5% in the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock valued at $28,000 after acquiring an additional 750 shares during the period. Allworth Financial LP lifted its position in Quanex Building Products by 17,191.7% during the second quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock worth $39,000 after acquiring an additional 2,063 shares during the last quarter. Quarry LP boosted its holdings in shares of Quanex Building Products by 132.0% during the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock worth $53,000 after acquiring an additional 2,136 shares during the period. Finally, Byrne Asset Management LLC acquired a new position in shares of Quanex Building Products in the third quarter valued at approximately $72,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Company Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.