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

Quanex Building Products Co. (NYSE:NX)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $15.36 and last traded at $15.40, with a volume of 44122 shares changing hands. The stock had previously closed at $16.18.

Analysts Set New Price Targets

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

Quanex Building Products Stock Down 4.3 %

The company has a market capitalization of $730.80 million, a P/E ratio of 13.82, a price-to-earnings-growth 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. The company has a 50-day moving average of $19.19 and a two-hundred day moving average of $24.10.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 2.07%. Quanex Building Products’s payout ratio is 52.46%.

Institutional Investors Weigh In On Quanex Building Products

A number of institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC lifted its position in Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after acquiring an additional 1,267 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after buying an additional 605 shares in the last quarter. Federated Hermes Inc. bought a new stake in Quanex Building Products during the 4th quarter worth approximately $44,000. GAMMA Investing LLC raised its position in shares of Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock valued at $49,000 after purchasing an additional 1,350 shares during the period. Finally, KBC Group NV lifted its position in shares of Quanex Building Products by 69.8% in the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock valued at $69,000 after acquiring an additional 1,169 shares in the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

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.