Quanex Building Products Corporation Buyback
OLI recorded this information on 3/3/2015
Company:
Quanex Building Products Corporation
Buyback:
NX buyback
$Amount Authorized:
$75,000,000
Buyback Details:
On September 5, 2014, the Board of Directors authorized a $75 million share repurchase program. The program was completed in February 2015, resulting in the repurchase of 3,992,229 shares at an average cost of $18.79 (inclusive of commissions).
Quanex Building Products manufactures components for original equipment manufacturers in the building products industry. Co.'s segments are: North American Fenestration, which focuses on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration, comprising Co.'s U.K.-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European IG business manufacturing IG spacers; and North American Cabinet Components, comprising Co.'s North American cabinet door and components business and two wood-manufacturing plants.
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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Analysts' Target Price: NX Stock Forecast Based on Zacks ABR data; powered by Xignite |
