Quanex Building Products (NYSE:NX) Stock Rating Upgraded by Wall Street Zen

Quanex Building Products (NYSE:NX) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Benchmark reaffirmed a “buy” rating on shares of Quanex Building Products in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quanex Building Products presently has an average rating of “Hold” and an average price target of $28.00.

Quanex Building Products Stock Up 0.4%

NYSE:NX opened at $20.76 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.21. The firm has a market cap of $951.43 million, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The company has a 50-day moving average of $19.82 and a 200 day moving average of $19.09. Quanex Building Products has a 1-year low of $11.04 and a 1-year high of $23.33.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.13. The business had revenue of $501.85 million during the quarter, compared to the consensus estimate of $497.51 million. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%. During the same quarter last year, the company earned ($6.04) earnings per share. As a group, research analysts anticipate that Quanex Building Products will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Quanex Building Products

Institutional investors and hedge funds have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Quanex Building Products during the 3rd quarter valued at about $376,000. SummerHaven Investment Management LLC acquired a new position in shares of Quanex Building Products in the 3rd quarter valued at about $542,000. GAMMA Investing LLC raised its stake in shares of Quanex Building Products by 63.6% in the 3rd quarter. GAMMA Investing LLC now owns 5,227 shares of the construction company’s stock valued at $99,000 after acquiring an additional 2,032 shares during the period. Moody National Bank Trust Division boosted its position in shares of Quanex Building Products by 7.1% in the third quarter. Moody National Bank Trust Division now owns 56,787 shares of the construction company’s stock worth $1,072,000 after buying an additional 3,745 shares during the period. Finally, Tidal Investments LLC acquired a new position in Quanex Building Products in the 2nd quarter worth $634,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Company Profile

Quanex Building Products Corporation (NYSE: NX) is a manufacturer of components and systems used in the production of energy-efficient windows, doors, cabinets and other building products. The company primarily serves original equipment manufacturers and fabricators rather than selling finished construction products directly to consumers.

Its product portfolio includes insulating glass components, spacer systems, window and door profiles, screens, fenestration hardware, weather-sealing products, cabinet doors and drawer fronts.