Quanex Building Products (NYSE:NX) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares of Quanex Building Products crossed above its 200-day moving average
• Analyst sentiment has cooled — the consensus rating is "Reduce" (one Buy, two Sell), with recent downgrades from Wall Street Zen, Zacks and Weiss and an average price target of $28.00.
• On fundamentals, the company has a market cap of about $916.9M and a negative P/E (-3.80) and net margin (-13%); it reported Q1 EPS of ($0.01) that beat estimates, and pays a $0.08 quarterly dividend (≈1.6% yield).

Shares of Quanex Building Products Corporation (NYSE:NX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.05 and traded as high as $20.10. Quanex Building Products shares last traded at $19.9620, with a volume of 371,421 shares.

Analyst Upgrades and Downgrades

NX has been the topic of a number of research reports. Wall Street Zen lowered shares of Quanex Building Products from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Zacks Research lowered shares of Quanex Building Products from a "hold" rating to a "strong sell" rating in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Quanex Building Products in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $28.00.

Quanex Building Products Stock Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 2.31 and a quick ratio of 1.21. The firm has a market capitalization of $916.85 million, a P/E ratio of -3.80, a P/E/G ratio of 0.71 and a beta of 0.93. The stock's 50 day moving average is $18.97 and its two-hundred day moving average is $17.05.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. The business had revenue of $409.09 million during the quarter, compared to the consensus estimate of $405.75 million. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. As a group, equities analysts anticipate that Quanex Building Products Corporation will post 1.96 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Quanex Building Products's payout ratio is -6.08%.

Institutional Investors Weigh In On Quanex Building Products

Several large investors have recently bought and sold shares of NX. Danske Bank A S bought a new stake in Quanex Building Products in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its stake in Quanex Building Products by 199.9% in the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company's stock valued at $33,000 after purchasing an additional 1,415 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Quanex Building Products in the fourth quarter valued at approximately $35,000. Meeder Asset Management Inc. bought a new stake in Quanex Building Products in the fourth quarter valued at approximately $42,000. Finally, Quarry LP increased its stake in Quanex Building Products by 132.0% in the third quarter. Quarry LP now owns 3,754 shares of the construction company's stock valued at $53,000 after purchasing an additional 2,136 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.

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