Quanex Building Products Corp Director Susan Davis Sells 9,889 Shares
On December 27, 2023, Susan Davis, a director at Quanex Building Products Corp (NYSE:NX), sold 9,889 shares of the company's stock, according to a recent SEC Filing. The transaction was executed with the shares priced at $30.76 each, resulting in a total sale amount of approximately $304,194.64.
Quanex Building Products Corp is a manufacturer of components for the building products industry. The company's products include window and door components, engineered wood flooring, and kitchen and bath cabinets for the residential construction market. Quanex operates through its North American Fenestration, European Fenestration, North American Cabinet Components, and Unallocated Corporate & Other segments.
Over the past year, the insider has sold a total of 9,889 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 15 insider sells for Quanex Building Products Corp.
On the valuation front, Quanex Building Products Corp's shares were trading at $30.76 on the day of the insider's sale, giving the company a market capitalization of $1.023 billion. The price-earnings ratio stands at 12.40, which is below the industry median of 15.11 and also below the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) indicates that Quanex Building Products Corp is currently modestly overvalued. With a share price of $30.76 and a GF Value of $24.67, the price-to-GF-Value ratio is 1.25.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
