Quanex Building Products Corp (NYSE: NX) is -9.62% lower on its value in year-to-date trading and has touched a low of $24.97 and a high of $39.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NX stock was last observed hovering at around $27.81 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $27.63, the stock is -5.87% and -4.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.5 million and changing -0.65% at the moment leaves the stock -13.61% off its SMA200. NX registered 7.68% gain for a year compared to 6-month loss of -18.01%.
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The stock witnessed a -13.87% gain in the last 1 month and extending the period to 3 months gives it a -15.04%, and is 0.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 3.85% over the month.
Quanex Building Products Corp (NX) has around 3792 employees, a market worth around $914.83M and $1.10B in sales. Current P/E ratio is 11.29 and Fwd P/E is 10.37. Profit margin for the company is 7.33%. Distance from 52-week low is 10.65% and -29.70% from its 52-week high. The company has generated returns on investments over the last 12 months (11.91%).
The EPS is expected to shrink by -14.18% this year
290.0 institutions hold shares in Quanex Building Products Corp (NX), with institutional investors hold 83.69% of the company’s shares. The shares outstanding are 33.01M, and float is at 32.72M with Short Float at 6.23%. Institutions hold 82.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.27 million shares valued at $145.8 million. The investor’s holdings represent 16.0422 of the NX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.7 million shares valued at $102.41 million to account for 11.2676 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 3.2 million shares representing 9.7365 and valued at over $88.49 million, while DIMENSIONAL FUND ADVISORS LP holds 7.7845 of the shares totaling 2.56 million with a market value of $70.75 million.
Quanex Building Products Corp (NX) Insider Activity
The most recent transaction is an insider sale by Cornett Paul, the company’s SVP General Counsel, Secretary. SEC filings show that Cornett Paul sold 3,064 shares of the company’s common stock on Mar 21 ’24 at a price of $37.72 per share for a total of $0.12 million. Following the sale, the insider now owns 43902.0 shares.
Quanex Building Products Corp disclosed in a document filed with the SEC on Mar 20 ’24 that Cornett Paul (SVP General Counsel, Secretary) sold a total of 2,436 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $37.55 per share for $91480.0. Following the transaction, the insider now directly holds 44530.0 shares of the NX stock.
Still, SEC filings show that on Jan 04 ’24, STEVENS CURTIS M (Director) disposed off 4,880 shares at an average price of $30.46 for $0.15 million. The insider now directly holds 5,009 shares of Quanex Building Products Corp (NX).
