Quanex Building Products Corporation (NX) Cut to "C" at TheStreet

Marco Green
September 14, 2017

Also, Senior Vice President Kevin P. Delaney unloaded 21,275 stocks of the shares in a trade dated Mon, Jul 3rd. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.21. The company has a market cap of $1.82 billion, a P/E ratio of 44.12 and a beta of 0.80.

The stock decreased 0.09% or $0.05 during the last trading session, reaching $57.45.

WisdomTree Trust (DXPS) formed multiple top with $25.21 target or 4.00% above today's $24.24 share price. Installed Building Products Inc (NYSE:IBP) has risen 54.12% since September 9, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Rowland & Company Investment Counsel increased its stake in Southern Company (SO) by 159.31% based on its latest 2016Q4 regulatory filing with the SEC. Acrospire Investment Management LLC now owns 7,129 shares of the company's stock worth $123,000 after buying an additional 2,584 shares in the last quarter. Hedge funds and other institutional investors own 99.75% of the company's stock. The company has market cap of $1.50 billion. Following the completion of the transaction, the senior vice president now owns 133,471 shares in the company, valued at approximately $2,849,605.85. Brunswick Corporation (NYSE:BC) has risen 21.90% since September 13, 2016 and is uptrending. It has underperformed by 36.03% the S&P500. Blackrock Ltd Liability holds 0% in Quanex Building Products Corporation (NYSE:NX) or 19,303 shares. Therefore 78% are positive. Installed Building Products had 18 analyst reports since July 30, 2015 according to SRatingsIntel. KeyBanc Capital Markets upgraded the shares of NX in report on Friday, June 10 to "Overweight" rating. RBC Capital Markets has "Buy" rating and $6100 target. On Monday, September 11 the stock rating was maintained by RBC Capital Markets with "Buy". The rating was maintained by Deutsche Bank with "Buy" on Friday, August 12. The stock has "Underperform" rating by Bank of America on Tuesday, November 22. The United Kingdom-based Legal And General Group Public Ltd Co has invested 0% in Quanex Building Products Corporation (NYSE:NX). Falcon Point Cap Ltd holds 0.15% in Quanex Building Products Corporation (NYSE:NX) or 56,228 shares. As per Thursday, September 17, the company rating was maintained by Wood.

Since April 10, 2017, it had 0 buys, and 4 insider sales for $1.46 million activity. 2,735 shares were sold by Elliott Jay P. Insiders sold a total of 607,265 shares of company stock worth $31,915,292 in the last quarter. Finally, Budros Ruhlin & Roe Inc. purchased a new stake in shares of Installed Building Products in the 1st quarter worth $240,000. Northwestern Mutual Wealth has invested 0% in Installed Building Products Inc (NYSE:IBP).

01/27/2016 - Installed Building Products Inc was downgraded to "sector weight" by analysts at KeyBanc.

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Investors sentiment increased to 1.62 in 2016 Q4. At present, 0 analysts call it Sell, while 1 think it is Hold. It is negative, as 18 investors sold IBP shares while 42 reduced holdings. BlackRock Inc. boosted its position in shares of Installed Building Products by 3.1% during the 2nd quarter. Da Davidson And has invested 0% in Installed Building Products Inc (NYSE:IBP). New York State Common Retirement Fund reported 658,000 shares stake. South Dakota Inv Council reported 0.01% of its portfolio in Installed Building Products Inc (NYSE:IBP). Tower Rech Cap Limited Liability Co (Trc) holds 0.01% of its portfolio in Quanex Building Products Corporation (NYSE:NX) for 3,091 shares. Tiaa Cref Management Ltd Liability Company stated it has 346,912 shares. American Gru Inc accumulated 14,697 shares. Arete Wealth Advsrs Ltd Llc, a Illinois-based fund reported 287,316 shares. With an institutional ownership near 85.5%, it carries an earnings per share ratio of 0.39. Ny State Teachers Retirement reported 0.01% stake. Peak6 Investments L P has invested 0.01% in Oclaro Inc (NASDAQ:OCLR). Vanguard Group Inc. now owns 3,131,357 shares of the construction company's stock worth $66,228,000 after buying an additional 104,038 shares during the period.

Investors sentiment decreased to 1.12 in Q4 2016. Its up 0.22, from 1.4 in 2016Q3. 39 funds opened positions while 95 raised stakes. Rhumbline Advisers reported 121,008 shares. Steinberg Global Asset Management holds 1.18% or 142,678 shares in its portfolio. Bankshares Of Mellon Corp holds 0% or 456,864 shares in its portfolio. Citigroup invested in 0% or 76,265 shares. NX's SI was 1.39 million shares in September as released by FINRA. Parametric Port Assocs Limited Liability Corporation holds 74,324 shares. Prudential Fincl holds 58,226 shares. The stock is a Buy among 4 brokerage firms polled by Factset Research. First Manhattan invested in 38,130 shares. Pier Limited Liability Co owns 152,607 shares or 1.14% of their USA portfolio. Moreover, Segall Bryant Hamill Ltd has 0.02% invested in Southern Co (NYSE:SO). Research firm Zacks lifted stocks of Quanex Building Products Corporation from a "sell" recommendation to a "hold" recommendation in a study on Thurs, Aug 10th. Therefore 20% are positive. IBP was included in 18 notes of analysts from July 30, 2015. The firm has "Hold" rating given on Tuesday, September 22 by Zacks. The rating was maintained by Wedbush on Monday, August 31 with "Hold". The firm had revenue of $282.20 million during the quarter, compared to analyst estimates of $274.63 million. A CCI reading above the +100 level would suggest that the stock is overbought and possibly primed for a correction.

A number of research firms have issued reports on NX.

Rhumbline Advisers increased Hca Holdings Inc Com (NYSE:HCA) stake by 23,355 shares to 424,912 valued at $31.45M in 2016Q4.

Other reports by Click Lancashire

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