Quanex Building Products (NYSE:NX) Stock Rating Reaffirmed by Benchmark

Quanex Building Products (NYSE:NX)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a research note issued on Tuesday, Benzinga reports. They presently have a $38.00 target price on the construction company’s stock. Benchmark’s price objective would suggest a potential upside of 12.79% from the stock’s previous close.

Quanex Building Products Stock Performance

Quanex Building Products stock opened at $33.69 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.27 and a quick ratio of 1.31. Quanex Building Products has a 12 month low of $18.71 and a 12 month high of $39.31. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.35. The stock’s 50-day moving average is $35.68 and its 200-day moving average is $32.15.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Quanex Building Products had a net margin of 7.84% and a return on equity of 17.11%. The firm had revenue of $239.16 million for the quarter, compared to analyst estimates of $232.90 million. Equities analysts anticipate that Quanex Building Products will post 2.4 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Paul Cornett sold 3,064 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $37.72, for a total value of $115,574.08. Following the transaction, the senior vice president now owns 43,902 shares in the company, valued at $1,655,983.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quanex Building Products

Several large investors have recently modified their holdings of NX. Vanguard Group Inc. increased its holdings in Quanex Building Products by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after buying an additional 30,198 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Quanex Building Products by 46.6% in the fourth quarter. Pacer Advisors Inc. now owns 791,876 shares of the construction company’s stock worth $24,208,000 after purchasing an additional 251,892 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Quanex Building Products by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 509,581 shares of the construction company’s stock worth $15,578,000 after purchasing an additional 9,172 shares during the period. American Century Companies Inc. raised its holdings in shares of Quanex Building Products by 19.1% during the third quarter. American Century Companies Inc. now owns 462,937 shares of the construction company’s stock worth $13,041,000 after purchasing an additional 74,297 shares during the period. Finally, Invesco Ltd. lifted its holdings in Quanex Building Products by 3.1% in the third quarter. Invesco Ltd. now owns 327,436 shares of the construction company’s stock worth $9,224,000 after acquiring an additional 9,875 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.