Quanex Building Products (NYSE:NX) Downgraded by StockNews.com

Quanex Building Products (NYSE:NXGet Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Benchmark restated a “buy” rating and set a $38.00 target price on shares of Quanex Building Products in a research report on Tuesday, April 23rd.

View Our Latest Report on Quanex Building Products

Quanex Building Products Stock Performance

Shares of NX stock opened at $28.70 on Friday. Quanex Building Products has a one year low of $24.97 and a one year high of $39.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.22 and a quick ratio of 1.37. The stock has a market cap of $950.26 million, a P/E ratio of 11.76, a P/E/G ratio of 0.88 and a beta of 1.36. The company has a fifty day moving average price of $32.65 and a two-hundred day moving average price of $33.17.

Quanex Building Products (NYSE:NXGet Free Report) last released its quarterly earnings data on Friday, June 7th. The construction company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. The firm had revenue of $266.20 million for the quarter, compared to the consensus estimate of $268.80 million. Quanex Building Products had a net margin of 7.33% and a return on equity of 16.55%. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, equities analysts predict that Quanex Building Products will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new position in shares of Quanex Building Products during the third quarter valued at $67,000. GAMMA Investing LLC raised its position in Quanex Building Products by 157.1% during the 1st quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,090 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Quanex Building Products during the 3rd quarter worth about $112,000. Shell Asset Management Co. acquired a new position in Quanex Building Products during the 1st quarter worth about $145,000. Finally, SG Americas Securities LLC bought a new stake in shares of Quanex Building Products in the 1st quarter valued at about $216,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Company Profile

(Get Free Report)

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.

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