Quanex Building Products (NYSE:NX) Shares Cross Above 200 Day Moving Average – Time to Sell?

Quanex Building Products Corporation (NYSE:NX)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.36 and traded as high as $18.65. Quanex Building Products shares last traded at $18.53, with a volume of 451,212 shares changing hands.

Analyst Ratings Changes

NX has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Thursday, January 22nd. Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Benchmark decreased their price target on Quanex Building Products from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.00.

Quanex Building Products Stock Performance

The company’s 50-day moving average is $15.52 and its two-hundred day moving average is $16.36. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.92. The company has a market cap of $846.36 million, a P/E ratio of -3.38, a price-to-earnings-growth ratio of 0.63 and a beta of 0.93.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, December 11th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. Quanex Building Products had a negative net margin of 13.65% and a positive return on equity of 12.46%. The firm had revenue of $489.85 million for the quarter, compared to analysts’ expectations of $472.62 million. During the same period in the previous year, the company earned $0.61 earnings per share. Equities analysts predict that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, December 15th. Quanex Building Products’s dividend payout ratio is currently -5.83%.

Insiders Place Their Bets

In related news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $15.94, for a total value of $1,904,590.90. Following the sale, the insider directly owned 4,421,879 shares in the company, valued at approximately $70,484,751.26. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.15% of the company’s stock.

Institutional Trading of Quanex Building Products

Several hedge funds and other institutional investors have recently modified their holdings of NX. Orion Porfolio Solutions LLC boosted its holdings in Quanex Building Products by 5.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company’s stock worth $218,000 after buying an additional 614 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Quanex Building Products by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 22,136 shares of the construction company’s stock worth $418,000 after acquiring an additional 698 shares during the period. CWM LLC grew its position in shares of Quanex Building Products by 104.5% in the second quarter. CWM LLC now owns 1,468 shares of the construction company’s stock valued at $28,000 after purchasing an additional 750 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Quanex Building Products by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company’s stock valued at $345,000 after purchasing an additional 754 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Quanex Building Products by 6.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,061 shares of the construction company’s stock worth $228,000 after purchasing an additional 764 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

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.