Investors wait Quanex Building Products Corporation (NYSE:NX) to report on December, 11. its quarterly earningsWall Street analysts expect $0.27 earnings per share, up $0.19 or 237.50% from last year’s $0.08 same quarter earnings. This translates into $9.38M profit for NX giving the stock a 16.23 P/E. Of course only in case the $0.27 EPS is accurate. Quanex Building Products Corporation’s Wall Street analysts see -3.57% negative EPS growth, taking into account the $0.28 EPS reproted in the previous quarter, The stock decreased 2.39% or $0.43 during the last trading session, hitting $17.53. Quanex Building Products Corporation (NYSE:NX) has declined 6.95% since May 7, 2015 and is downtrending. It has underperformed by 5.02% the S&P500.
Out of 4 analysts covering Quanex Building Products (NYSE:NX), 4 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $26 is the highest target while $23 is the lowest. The $24.25 average target is 36.91% above today’s ($17.53) stock price. Quanex Building Products was the topic in 6 analyst reports since August 22, 2015 according to StockzIntelligence Inc. Sidoti initiated the stock on September 25 with “Buy” rating.
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The institutional sentiment decreased to 1 in 2015 Q3. Its down 0.43, from 1.43 in 2015Q2. The ratio dived, as 18 funds sold all Quanex Building Products Corporation shares owned while 45 reduced positions. 16 funds bought stakes while 47 increased positions. They now own 28.63 million shares or 7.59% less from 30.98 million shares in 2015Q2.
Praesidium Investment Management Company Llc holds 5.27% of its portfolio in Quanex Building Products Corporation for 3.11 million shares. Odey Asset Management Group Ltd owns 2.06 million shares or 2.96% of their US portfolio. Moreover, Heartland Advisors Inc has 1.79% invested in the company for 2.69 million shares. The Illinois-based Sg Capital Management Llc has invested 1.05% in the stock. Rotella Capital Management Inc., a Washington-based fund reported 98,724 shares.
More important recent Quanex Building Products Corporation (NYSE:NX) news were published by: Globenewswire.com which released: “Quanex Building Products Announces Strategic Acquisition of HL Plastics” on June 16, 2015, also Prnewswire.com published article titled: “Quanex Building Products Agrees To Acquire Woodcraft Industries”, Prnewswire.com published: “Quanex Building Products Announces Completion Of Woodcraft Industries Acquisition” on November 02, 2015. More interesting news about Quanex Building Products Corporation (NYSE:NX) was released by: Thestreet.com and their article: “Strategy To YieldBoost Quanex Building Products Corp From 0.8% To 16.4% Using …” with publication date: October 29, 2015.
Quanex Building Products Corporation is a component supplier of engineered products in the residential building products markets. The company has a market cap of $609.14 million. The Firm makes energy efficient window components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products for original equipment manufacturers (OEMs) in the residential and commercial window and door industries. It has 70.43 P/E ratio. The Firm serves a primary customer base in North America, and also serves clients in international markets through its operating plants in the United Kingdom and Germany, as well as through sales and marketing efforts in other countries.
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