Quanex Building Products - NX Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Quanex Building Products in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NX shares.
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1 equities research analysts have issued 1 year price objectives for Quanex Building Products' shares. Their NX share price forecasts range from $28.00 to $28.00. On average, they anticipate the company's stock price to reach $28.00 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
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Quanex Building Products' stock was trading at $23.68 on January 1st, 2023. Since then, NX shares have decreased by 12.7% and is now trading at $20.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
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Quanex Building Products Co. (NYSE:NX) issued its earnings results on Thursday, December, 16th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. The construction company earned $291.77 million during the quarter, compared to analyst estimates of $278.33 million. Quanex Building Products had a trailing twelve-month return on equity of 18.33% and a net margin of 6.50%. The business's revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share.

Quanex Building Products declared a quarterly dividend on Wednesday, March 1st. Investors of record on Wednesday, March 15th will be given a dividend of $0.08 per share on Friday, March 31st. This represents a $0.32 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, March 14th.
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ETFs with the largest weight of Quanex Building Products (NYSE:NX) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Royce Quant Small-Cap Quality Value ETF (SQLV), Invesco S&P SmallCap Quality ETF (XSHQ) and IQ Chaikin U.S. Small Cap ETF (CSML).

Quanex Building Products (NYSE:NX) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 13.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NX.

Quanex Building Products updated its FY 2023 earnings guidance on Thursday, March, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.12 billion-$1.16 billion, compared to the consensus revenue estimate of $1.20 billion.

24 employees have rated Quanex Building Products Chief Executive Officer Bill Griffiths on Glassdoor.com. Bill Griffiths has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Quanex Building Products investors own include Fastenal (FAST), Santander Consumer USA (SC), Veeva Systems (VEEV), AbbVie (ABBV), Advanced Micro Devices (AMD), Cara Therapeutics (CARA), Freeport-McMoRan (FCX), Aurinia Pharmaceuticals (AUPH) and Broadcom (AVGO).

Quanex Building Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "NX."

Quanex Building Products' stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (11.98%), Dimensional Fund Advisors LP (7.56%), Renaissance Technologies LLC (3.45%), Systematic Financial Management LP (3.09%), LSV Asset Management (2.67%) and Geode Capital Management LLC (1.83%). Insiders that own company stock include Curtis M Stevens, George Laverne Wilson, Jason Lippert, Joseph D Rupp, Meredith W Mendes, Paul Cornett, Scott M Zuehlke, Susan F Davis and William C Griffiths.
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Shares of NX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NX stock can currently be purchased for approximately $20.68.

Quanex Building Products (NYSE:NX) has a market capitalization of $687.38 million and generates $1.22 billion in revenue each year. The construction company earns $88.34 million in net income (profit) each year or $2.39 on an earnings per share basis.

The company employs 3,875 workers across the globe.

Quanex Building Products' mailing address is 1800 West Loop South Suite 1500, Houston TX, 77027. The official website for the company is www.quanex.com. The construction company can be reached via phone at (713) 961-4600, via email at scott.zuehlke@quanex.com, or via fax at 740-439-0121.