Quanex Building Products (NYSE:NX) Reaches New 12-Month Low – Should You Sell?

Quanex Building Products Co. (NYSE:NX) shares hit a new 52-week low during trading on Monday . The stock traded as low as $15.53 and last traded at $17.10, with a volume of 926758 shares traded. The stock had previously closed at $16.62.

Analyst Ratings Changes

Separately, StockNews.com cut Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday, December 22nd.

Quanex Building Products Price Performance

The stock has a fifty day moving average of $20.30 and a 200-day moving average of $24.97. The firm has a market capitalization of $848.87 million, a P/E ratio of 16.05, a PEG ratio of 0.68 and a beta of 1.08. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.78%. Quanex Building Products’s payout ratio is 52.46%.

Institutional Trading of Quanex Building Products

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Quanex Building Products by 30.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 22,550 shares of the construction company’s stock valued at $625,000 after buying an additional 5,232 shares during the period. BNP Paribas Financial Markets boosted its holdings in Quanex Building Products by 22.6% in the third quarter. BNP Paribas Financial Markets now owns 21,569 shares of the construction company’s stock valued at $599,000 after acquiring an additional 3,971 shares during the last quarter. MetLife Investment Management LLC increased its position in Quanex Building Products by 33.9% in the third quarter. MetLife Investment Management LLC now owns 25,757 shares of the construction company’s stock worth $715,000 after purchasing an additional 6,516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Quanex Building Products by 28.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,983 shares of the construction company’s stock worth $360,000 after purchasing an additional 2,837 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Quanex Building Products by 34.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,768 shares of the construction company’s stock worth $1,714,000 after purchasing an additional 15,961 shares during the last quarter. Institutional investors and hedge funds 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.