Quanex Building Products Corporation (NX): Time to Buy this stock

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Quanex Building Products Corporation (NYSE:NX) changes shares on Friday trading session, with a change of 0.23% or $0.03 shares. The trading starts at $13.13 and closed at $13.01 throughout the day. The trading session low price was $12.79 and day high was $13.51 on Friday, June 19. After the session, the Industrials sector daily volume shifted to 0.33 million while its average volume is 229.58K. In other hand, the NX market cap reached to $426.15M. While, its current target price is $13.04 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.16% and up 14.29% for month. Its quarterly performance was 55.79% above, while its half year performance is down -30.86%. NX yearly performance stood at negative -27.11% and fall -23.65% for year-to-date. Current recommendation for Quanex Building Products Corporation is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NX EPS (TTM) for 12-month is -1.05. EPS for this year is -473.80%, while for the next year its value is 0.82. Its EPS Q/Q reached 120.50%. It has an EPS of -63.50% down for past five years and for the next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on NX for the current month and previous month. For the current month, 2 of 3 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 3 analysts participate in stock recommendation. Out of 3, 0 rated it sell, 3 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $16.00-$18.00. Average target price for NX was reached at $17.00.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Quanex Building Products Corporation (NX) stock. On Mar 30, 2020, Blackrock Inc. has 5.24 million shares which valued 52.86 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 3.62 million shares which valued at 36.54 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 2.8 million shares which valued at 28.22 million. In the end, Dimensional Fund Advisors LP have 8.53% shares outstanding of Quanex Building Products Corporation (NX) on Mar 30, 2020. The insider ownership moved to 1.00%.

The company posted an EPS (TTM) of -1.05. According to the most recent quarter report on (Jul 2020), 4 analysts estimated an average EPS of 0.05, while 0.41 EPS posted a year ago period. Analyst Estimated EPS for NX published in the report was 0.03-0.08 during the same period. Comparing with last year, the average estimated EPS was 0.41 which is higher than 0.19 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NX fall -18.14% for period of 200 days. SMA for 50 days was 9.17% which is showing green signal, while SMA-20 was -0.75%. The moving average value for Quanex Building Products Corporation (NX) is 14.63 and 12.38 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NX stock. On Nov 04, Cornett Paul, SVP General Counsel, Secretary, sold 1,500 trading shares at the cost of $19.23, which valued at 28845.0. On Nov 01, DELANEY KEVIN P, SVP-Gen. Counsel & Secretary, sold 32,400 shares at the cost of $19.17, with total shares of 118,703. On Sep 17, DAVIS SUSAN F, Director, sold 8,132 shares at the cost of 19.04. After this transaction, DAVIS SUSAN F total shares reached to 25,182 which valued at 0.15 million.