Quanex Building Products (NYSE:NX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Quanex Building Products Corporation (NYSE:NX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.20 and traded as high as $17.55. Quanex Building Products shares last traded at $17.25, with a volume of 534,746 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Benchmark lowered their target price on Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, December 15th. Wall Street Zen downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Quanex Building Products has a consensus rating of “Hold” and an average price target of $28.00.

Quanex Building Products Stock Up 1.4%

The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.21 and a current ratio of 2.31. The company’s 50-day moving average price is $19.43 and its 200 day moving average price is $16.21. The stock has a market capitalization of $824.63 million, a P/E ratio of -3.41, a P/E/G ratio of 0.65 and a beta of 0.91.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share (EPS) 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 analyst estimates of $405.75 million. Quanex Building Products had a positive return on equity of 12.24% and a negative net margin of 13.00%. As a group, equities analysts expect that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.8%. Quanex Building Products’s dividend payout ratio (DPR) is currently -6.08%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Medina Value Partners LLC purchased a new stake in Quanex Building Products during the 3rd quarter valued at approximately $4,602,000. Western Standard LLC bought a new stake in shares of Quanex Building Products during the fourth quarter valued at approximately $4,219,000. IES Holdings Inc. purchased a new position in shares of Quanex Building Products in the fourth quarter worth $3,846,000. CenterBook Partners LP boosted its position in shares of Quanex Building Products by 656.3% during the fourth quarter. CenterBook Partners LP now owns 274,231 shares of the construction company’s stock worth $4,218,000 after acquiring an additional 237,972 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Quanex Building Products during the third quarter worth $2,617,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Company Profile

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.