28-Mar-2024
No headlines found.
Quanex Building Products Announces First Quarter 2024 Results and Provides Full Year 2024 Guidance
Globe Newswire (Thu, 7-Mar 4:15 PM ET)
Quanex Building Products Declares Quarterly Dividend
Globe Newswire (Wed, 28-Feb 4:15 PM ET)
Quanex Building Products Announces First Quarter 2024 Earnings Release and Conference Call Schedule
Globe Newswire (Thu, 22-Feb 4:15 PM ET)
Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.
Quanex Building Prods trades on the NYSE stock market under the symbol NX.
As of March 28, 2024, NX stock price declined to $38.43 with 268,990 million shares trading.
NX has a beta of 1.57, meaning it tends to be more sensitive to market movements. NX has a correlation of 0.27 to the broad based SPY ETF.
NX has a market cap of $1.27 billion. This is considered a Small Cap stock.
Last quarter Quanex Building Prods reported $239 million in Revenue and $.18 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.07.
In the last 3 years, NX stock traded as high as $39.31 and as low as $18.00.
The top ETF exchange traded funds that NX belongs to (by Net Assets): IJR, CALF, VTI, IWM, VB.
NX has outperformed the market in the last year with a price return of +86.9% while the SPY ETF gained +33.6%. NX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.0% and +7.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
NX support price is $38.02 and resistance is $39.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NX stock will trade within this expected range on the day.