KeyBanc Upgrades Quanex Building Products Corporation to Overweight

Brokerage firm KeyBanc Upgrades its rating on Quanex Building Products Corporation(NYSE:NX). The shares have been rated Overweight. Previously, the analysts had a Sector Weight rating on the shares. The rating by KeyBanc was issued on Jun 10, 2016.

In a different note, On Mar 14, 2016, Wedbush said it Upgrades its rating on Quanex Building Products Corporation. The shares have been rated ‘Outperform’ by the firm.

Quanex Building Products Corporation (NX) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -0.62% at a volume of 2,95,608. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.41. The peak price level was also seen at $19.41 while the days lowest was $19.13. Finally the shares closed at $19.14. The 52-week high of the shares is $21.93 while the 52-week low is $15.33. According to the latest information available, the market cap of the company is $656 M.

Quanex Building Products Corporation(NX) last announced its earnings results on May 31, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $229.46M. Analysts had an estimated revenue of $230.54M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Scott M. Zuehlke (VP, IR & Treasurer) purchased 610 shares at $16.30 per share price.Also, On Sep 16, 2015, Leroy D Nosbaum (director) purchased 2,500 shares at $19.70 per share price.

Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry including insulating glass spacers extruded vinyl profiles window and door screens and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products International Extrusion and Corporate & Other. Its Engineered Products segment consists of four operating segments focused on the fenestration market primarily within North America. Its International Extrusion segment consists of a United Kingdom-based vinyl extrusion business. It also manufactures certain non-fenestration components and products which include solar panel sealants fencing water retention barriers hardware and conservatory roof components. It serves a customer base in North America and the United Kingdom and also serves customers in international markets through its operating plants in the United Kingdom and Germany.

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