Quanex Building Products Corporation (NX) SVP Kevin P. Delaney Sells 9,971 Shares of Stock

Quanex Building Products Corporation (NYSE:NX) SVP Kevin P. Delaney sold 9,971 shares of Quanex Building Products Corporation stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $21.53, for a total transaction of $214,675.63. Following the completion of the sale, the senior vice president now directly owns 113,442 shares of the company’s stock, valued at approximately $2,442,406.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Quanex Building Products Corporation (NYSE NX) traded up 0.47% during mid-day trading on Friday, reaching $21.30. 228,911 shares of the company traded hands. Quanex Building Products Corporation has a 12-month low of $15.41 and a 12-month high of $21.90. The stock’s market capitalization is $727.54 million. The company’s 50-day moving average is $20.36 and its 200-day moving average is $20.10.

Quanex Building Products Corporation (NYSE:NX) last issued its quarterly earnings results on Tuesday, May 30th. The construction company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $205.27 million. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts predict that Quanex Building Products Corporation will post $0.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.16 annualized dividend and a yield of 0.75%. Quanex Building Products Corporation’s payout ratio is -533.16%.

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A number of large investors have recently modified their holdings of NX. Louisiana State Employees Retirement System boosted its stake in Quanex Building Products Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the construction company’s stock worth $284,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its stake in Quanex Building Products Corporation by 1.7% in the first quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock worth $363,000 after buying an additional 300 shares in the last quarter. Prudential Financial Inc. boosted its stake in Quanex Building Products Corporation by 0.6% in the first quarter. Prudential Financial Inc. now owns 58,566 shares of the construction company’s stock worth $1,186,000 after buying an additional 340 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Quanex Building Products Corporation by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 7,938 shares of the construction company’s stock worth $161,000 after buying an additional 403 shares in the last quarter. Finally, KBC Group NV boosted its stake in Quanex Building Products Corporation by 1.1% in the first quarter. KBC Group NV now owns 49,103 shares of the construction company’s stock worth $994,000 after buying an additional 531 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on NX shares. Zacks Investment Research downgraded shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research report on Friday, March 3rd. Wedbush reduced their price target on shares of Quanex Building Products Corporation from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, March 8th.

About Quanex Building Products Corporation

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