Quanex Building Products Corporation (NX) Receiving Somewhat Favorable News Coverage, Accern Reports

Headlines about Quanex Building Products Corporation (NYSE:NX) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quanex Building Products Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.88157731565 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

A number of research firms recently issued reports on NX. TheStreet upgraded shares of Quanex Building Products Corporation from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. KeyCorp restated a “hold” rating on shares of Quanex Building Products Corporation in a report on Friday. BidaskClub downgraded shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Sidoti began coverage on shares of Quanex Building Products Corporation in a report on Monday, August 7th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.00.

Quanex Building Products Corporation (NYSE NX) traded up 0.96% during midday trading on Friday, reaching $21.05. 115,258 shares of the company’s stock traded hands. Quanex Building Products Corporation has a 52 week low of $15.41 and a 52 week high of $22.65. The stock has a market capitalization of $725.32 million, a price-to-earnings ratio of 53.56 and a beta of 0.66. The company’s 50-day moving average price is $20.07 and its 200 day moving average price is $20.31.

Quanex Building Products Corporation (NYSE:NX) last released its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The firm had revenue of $229.40 million during the quarter, compared to analyst estimates of $235.45 million. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was down 7.5% on a year-over-year basis. On average, equities research analysts expect that Quanex Building Products Corporation will post $0.70 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be issued a $0.04 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. Quanex Building Products Corporation’s dividend payout ratio is currently 42.11%.

In related news, SVP Kevin P. Delaney sold 21,275 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $21.16, for a total value of $450,179.00. Following the transaction, the senior vice president now owns 103,963 shares in the company, valued at $2,199,857.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin P. Delaney sold 13,642 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $21.01, for a total value of $286,618.42. Following the completion of the transaction, the senior vice president now owns 111,991 shares in the company, valued at approximately $2,352,930.91. The disclosure for this sale can be found here. Insiders sold 35,138 shares of company stock worth $741,443 in the last 90 days. 5.32% of the stock is currently owned by corporate insiders.

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About Quanex Building Products Corporation

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