Quanex Building Products Corporation (NX) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Jun 10, 2016.
Many Wall Street Analysts have commented on Quanex Building Products Corporation. Wedbush Upgraded Quanex Building Products Corporation on Mar 14, 2016 to ” Outperform”, Price Target of the shares are set at $23.
On the company’s financial health, Quanex Building Products Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 31, 2016. Analyst had a consensus of $0.09. The company had revenue of $229.50 million for the quarter, compared to analysts expectations of $228.86 million. The company’s revenue was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Quanex Building Products Corporation opened for trading at $19.68 and hit $19.91 on the upside on Thursday, eventually ending the session at $19.69, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 2,42,801 shares. Company has a market cap of $674 M.
Investors should note that on May 31, 2016, Quanex Building Products Corporation announced a cash dividend of $0.0400. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on Mar 10, 2016, Scott M. Zuehlke (VP, IR & Treasurer) purchased 610 shares at $16.30 per share price. According to the SEC, on Sep 16, 2015, Leroy D Nosbaum (director) purchased 2,500 shares at $19.70 per share price.
Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry including insulating glass spacers extruded vinyl profiles window and door screens and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products International Extrusion and Corporate & Other. Its Engineered Products segment consists of four operating segments focused on the fenestration market primarily within North America. Its International Extrusion segment consists of a United Kingdom-based vinyl extrusion business. It also manufactures certain non-fenestration components and products which include solar panel sealants fencing water retention barriers hardware and conservatory roof components. It serves a customer base in North America and the United Kingdom and also serves customers in international markets through its operating plants in the United Kingdom and Germany.