Parametric Portfolio Associates LLC Has $1.34 Million Stake in Quanex Building Products Corporation (NX)

Parametric Portfolio Associates LLC grew its stake in Quanex Building Products Corporation (NYSE:NX) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,124 shares of the construction company’s stock after buying an additional 2,082 shares during the quarter. Parametric Portfolio Associates LLC owned 0.18% of Quanex Building Products Corporation worth $1,335,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Quanex Building Products Corporation by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,746 shares of the construction company’s stock valued at $142,000 after buying an additional 2,946 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Quanex Building Products Corporation by 36.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock valued at $229,000 after purchasing an additional 2,895 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Quanex Building Products Corporation in the 2nd quarter valued at about $314,000. UBS Group AG increased its stake in shares of Quanex Building Products Corporation by 220.5% in the 1st quarter. UBS Group AG now owns 22,192 shares of the construction company’s stock valued at $449,000 after purchasing an additional 15,268 shares in the last quarter. Finally, IndexIQ Advisors LLC purchased a new position in shares of Quanex Building Products Corporation in the 2nd quarter valued at about $495,000. 99.27% of the stock is owned by institutional investors and hedge funds.

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Quanex Building Products Corporation (NYSE NX) opened at $20.50 on Wednesday. Quanex Building Products Corporation has a 52 week low of $17.45 and a 52 week high of $23.60. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $714.71, a PE ratio of 24.41 and a beta of 0.70.

Quanex Building Products Corporation (NYSE:NX) last posted its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The firm had revenue of $229.40 million for the quarter, compared to analysts’ expectations of $235.45 million. During the same quarter last year, the firm posted $0.27 earnings per share. Quanex Building Products Corporation’s quarterly revenue was down 7.5% on a year-over-year basis. research analysts forecast that Quanex Building Products Corporation will post 0.85 earnings per share for the current year.

Several brokerages recently weighed in on NX. Zacks Investment Research upgraded Quanex Building Products Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of Quanex Building Products Corporation in a research note on Friday, October 27th. TheStreet upgraded Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, September 6th. Wedbush upgraded Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and cut their price target for the company from $25.00 to $24.00 in a research note on Friday, September 8th. Finally, BidaskClub lowered Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Quanex Building Products Corporation presently has an average rating of “Hold” and an average price target of $24.00.

In other Quanex Building Products Corporation news, VP Brent L. Korb sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $21.15, for a total transaction of $370,125.00. Following the completion of the sale, the vice president now directly owns 94,679 shares in the company, valued at approximately $2,002,460.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.32% of the stock is currently owned by insiders.

Quanex Building Products Corporation Company Profile

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Institutional Ownership by Quarter for Quanex Building Products Corporation (NYSE:NX)

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