Quanex Building Products (NYSE:NX) Sets New 1-Year Low – Time to Sell?

Quanex Building Products Co. (NYSE:NX) shares reached a new 52-week low on Tuesday . The stock traded as low as $18.14 and last traded at $18.29, with a volume of 264037 shares traded. The stock had previously closed at $18.59.

Wall Street Analyst Weigh In

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 1.6 %

The firm has a market cap of $863.64 million, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The firm has a fifty day moving average of $20.74 and a 200-day moving average of $25.25. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid 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 1.75%. Quanex Building Products’s dividend payout ratio is presently 52.46%.

Hedge Funds Weigh In On Quanex Building Products

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Quanex Building Products by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company’s stock valued at $127,693,000 after purchasing an additional 51,142 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Quanex Building Products by 29.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company’s stock valued at $48,190,000 after buying an additional 449,646 shares in the last quarter. Principal Financial Group Inc. boosted its position in Quanex Building Products by 779.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock valued at $47,424,000 after buying an additional 1,733,932 shares in the last quarter. State Street Corp increased its holdings in Quanex Building Products by 28.1% in the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock worth $44,530,000 after purchasing an additional 351,778 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in Quanex Building Products by 716.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company’s stock valued at $26,942,000 after purchasing an additional 975,324 shares during the last quarter. 97.48% of the stock is owned by institutional investors.

About Quanex Building Products

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.