Systematic Financial Management LP raised its stake in Quanex Building Products Corporation (NYSE:NX – Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,773,756 shares of the construction company’s stock after buying an additional 165,424 shares during the period. Systematic Financial Management LP owned about 3.86% of Quanex Building Products worth $27,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Quanex Building Products by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company’s stock valued at $43,013,000 after purchasing an additional 166,518 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in shares of Quanex Building Products by 8.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,874,353 shares of the construction company’s stock valued at $28,828,000 after purchasing an additional 139,036 shares during the period. Bank of America Corp DE boosted its holdings in shares of Quanex Building Products by 28.5% in the second quarter. Bank of America Corp DE now owns 523,291 shares of the construction company’s stock valued at $9,890,000 after purchasing an additional 115,903 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Quanex Building Products by 17.7% in the fourth quarter. First Eagle Investment Management LLC now owns 479,687 shares of the construction company’s stock valued at $7,378,000 after purchasing an additional 72,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Quanex Building Products by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 464,270 shares of the construction company’s stock valued at $6,602,000 after purchasing an additional 11,082 shares during the period. 97.48% of the stock is owned by hedge funds and other institutional investors.
Quanex Building Products Stock Up 3.2%
Quanex Building Products stock opened at $17.73 on Friday. The business has a fifty day moving average of $18.61 and a two-hundred day moving average of $17.44. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $814.11 million, a P/E ratio of -3.37, a P/E/G ratio of 0.78 and a beta of 0.95. Quanex Building Products Corporation has a twelve month low of $11.04 and a twelve month high of $22.98.
Quanex Building Products Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. Quanex Building Products’s dividend payout ratio is currently -6.08%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a report on Tuesday, April 21st. Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, Wall Street Zen lowered Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Quanex Building Products has an average rating of “Reduce” and a consensus price target of $28.00.
Read Our Latest Stock Analysis on Quanex Building Products
Quanex Building Products Profile
Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.
Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.
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