Do Institutional Investors Love Quanex Building Products Corp (NYSE:NX)?

October 19, 2017 - By Adrian Erickson

 Do Institutional Investors Love Quanex Building Products Corp (NYSE:NX)?

Sentiment for Quanex Building Products Corp (NYSE:NX)

Quanex Building Products Corp (NYSE:NX) institutional sentiment decreased to 1.53 in Q2 2017. Its down -0.01, from 1.54 in 2017Q1. The ratio dived, as 55 investment managers started new or increased holdings, while 36 decreased and sold their holdings in Quanex Building Products Corp. The investment managers in our partner’s database now have: 34.19 million shares, up from 33.88 million shares in 2017Q1. Also, the number of investment managers holding Quanex Building Products Corp in their top 10 holdings increased from 0 to 2 for an increase of 2. Sold All: 6 Reduced: 30 Increased: 45 New Position: 10.

Quanex Building Products Corporation makes components for original equipment manufacturers in the building products industry. The company has market cap of $762.93 million. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. It has a 57.52 P/E ratio.

It closed at $22.15 lastly. It is down 12.06% since October 19, 2016 and is uptrending. It has underperformed by 4.64% the S&P500.

Analysts expect Quanex Building Products Corporation (NYSE:NX) to report $0.37 EPS on December, 21.They anticipate $0.08 EPS change or 17.78 % from last quarter’s $0.45 EPS. NX’s profit would be $12.74 million giving it 14.97 P/E if the $0.37 EPS is correct. After having $0.33 EPS previously, Quanex Building Products Corporation’s analysts see 12.12 % EPS growth.

Praesidium Investment Management Company Llc holds 5.69% of its portfolio in Quanex Building Products Corporation for 3.39 million shares. Millrace Asset Group Inc. owns 80,000 shares or 1.6% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 1.21% invested in the company for 1.10 million shares. The Pennsylvania-based Cooke & Bieler Lp has invested 0.89% in the stock. Goodnow Investment Group Llc, a Connecticut-based fund reported 112,710 shares.#img1#

Quanex Building Products Corporation (NYSE:NX) Ratings Coverage

Ratings analysis reveals 60% of Quanex Building Products’s analysts are positive. Out of 5 Wall Street analysts rating Quanex Building Products, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $22 while the high is $26.0. The stock’s average target of $24.50 is 10.61% above today’s ($22.15) share price. NX was included in 14 notes of analysts from August 22, 2015. The stock has “Outperform” rating by Imperial Capital on Thursday, September 8. TheStreet downgraded the stock to “Buy” rating in Saturday, August 22 report. The rating was reinitiated by Wedbush on Wednesday, July 19 with “Outperform”. The firm earned “Outperform” rating on Tuesday, January 5 by Imperial Capital. The firm earned “Outperform” rating on Monday, March 14 by Wedbush. Wedbush maintained the stock with “Hold” rating in Monday, August 31 report. The rating was initiated by Sidoti with “Buy” on Friday, September 25. Wedbush maintained Quanex Building Products Corporation (NYSE:NX) rating on Wednesday, March 8. Wedbush has “Outperform” rating and $23 target. KeyBanc Capital Markets upgraded the shares of NX in report on Friday, June 10 to “Overweight” rating. The company was upgraded on Tuesday, September 22 by Zacks.

More notable recent Quanex Building Products Corporation (NYSE:NX) news were published by: Seekingalpha.com which released: “Quanex Building Products: The Story Remains Uneven – And Enough To Stay Long” on March 28, 2017, also Globenewswire.com with their article: “Quanex Building Products to Present at the Sidoti & Company Fall 2017 Conference” published on April 28, 2016, Globenewswire.com published: “Quanex Building Products Announces Fourth Quarter and Fiscal Year 2016 Results” on December 15, 2016. More interesting news about Quanex Building Products Corporation (NYSE:NX) were released by: Seekingalpha.com and their article: “Quanex Building Products: Another ‘Good Enough’ Quarter Keeps The Story Going” published on June 02, 2017 as well as Nasdaq.com‘s news article titled: “Quanex Building Products Corporation (NX) Ex-Dividend Date Scheduled for …” with publication date: September 14, 2017.

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