Quanex Building Products (NX) Receiving Somewhat Favorable Press Coverage, Study Shows

News articles about Quanex Building Products (NYSE:NX) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quanex Building Products earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.8029939431485 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research analysts have commented on NX shares. Wedbush raised Quanex Building Products from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $25.00 to $24.00 in a research report on Friday, September 8th. Zacks Investment Research lowered Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a research report on Friday, September 22nd. Finally, TheStreet raised Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.00.

Quanex Building Products (NYSE NX) opened at $23.40 on Tuesday. The company has a market capitalization of $817.23, a P/E ratio of 44.15 and a beta of 0.70. The company has a current ratio of 1.80, a quick ratio of 0.98 and a debt-to-equity ratio of 0.54. Quanex Building Products has a 52-week low of $17.45 and a 52-week high of $24.60.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $233.00 million during the quarter, compared to analyst estimates of $232.47 million. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. Quanex Building Products’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. equities research analysts forecast that Quanex Building Products will post 0.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Thursday, December 14th. Quanex Building Products’s dividend payout ratio is currently 30.19%.

In other news, VP Dewayne Williams sold 8,100 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $23.36, for a total value of $189,216.00. Following the completion of the transaction, the vice president now owns 16,672 shares of the company’s stock, valued at approximately $389,457.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin P. Delaney sold 50,400 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $24.02, for a total value of $1,210,608.00. Following the completion of the transaction, the senior vice president now directly owns 111,527 shares of the company’s stock, valued at approximately $2,678,878.54. The disclosure for this sale can be found here. 5.32% of the stock is currently owned by corporate insiders.

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