Quanex Building Products (NYSE:NX) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Quanex Building Products shares crossed above their 200-day moving average, reaching $22.06 before last trading at $21.80, compared with a 200-day average of $18.77.
• Analyst sentiment remains mixed, with one Buy, one Hold and one Sell rating; the consensus rating is Hold, with a $28.00 price target.
• The company exceeded quarterly expectations, reporting $0.25 in EPS versus a $0.22 estimate and $462.37 million in revenue versus a $459.27 million consensus. Quanex also pays a quarterly dividend of $0.08, equating to a 1.5% yield.

Shares of Quanex Building Products Corporation (NYSE:NX - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.77 and traded as high as $22.06. Quanex Building Products shares last traded at $21.80, with a volume of 234,487 shares trading hands.

Wall Street Analyst Weigh In

NX has been the topic of a number of research reports. Zacks Research upgraded shares of Quanex Building Products from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Quanex Building Products in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Quanex Building Products has an average rating of "Hold" and a consensus price target of $28.00.

Quanex Building Products Trading Down 0.4%

The company has a 50-day moving average price of $17.99 and a two-hundred day moving average price of $18.77. The stock has a market cap of $1.00 billion, a P/E ratio of -3.87, a P/E/G ratio of 0.94 and a beta of 0.92. The company has a current ratio of 2.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.93.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%.The company had revenue of $462.37 million during the quarter, compared to the consensus estimate of $459.27 million. On average, research analysts expect that Quanex Building Products Corporation will post 1.66 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 15th. Quanex Building Products's dividend payout ratio (DPR) is -5.68%.

Hedge Funds Weigh In On Quanex Building Products

Hedge funds have recently added to or reduced their stakes in the company. Western Standard LLC bought a new position in Quanex Building Products in the 4th quarter valued at $4,219,000. GSA Capital Partners LLP lifted its position in shares of Quanex Building Products by 81.1% during the fourth quarter. GSA Capital Partners LLP now owns 96,079 shares of the construction company's stock worth $1,478,000 after purchasing an additional 43,018 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Quanex Building Products by 41.7% during the first quarter. Principal Financial Group Inc. now owns 308,194 shares of the construction company's stock valued at $5,538,000 after purchasing an additional 90,765 shares during the period. Sei Investments Co. boosted its stake in shares of Quanex Building Products by 77.7% during the first quarter. Sei Investments Co. now owns 390,870 shares of the construction company's stock valued at $7,024,000 after purchasing an additional 170,892 shares during the period. Finally, Systematic Financial Management LP grew its holdings in shares of Quanex Building Products by 10.3% in the fourth quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company's stock worth $27,280,000 after purchasing an additional 165,424 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors.

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.

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