Quantinno Capital Management LP raised its position in shares of Quanex Building Products Corporation (NYSE:NX – Free Report) by 48.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,871 shares of the construction company’s stock after purchasing an additional 30,761 shares during the period. Quantinno Capital Management LP owned 0.21% of Quanex Building Products worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Danske Bank A S purchased a new position in shares of Quanex Building Products during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. grew its stake in shares of Quanex Building Products by 199.9% during the 4th quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock worth $33,000 after acquiring an additional 1,415 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Quanex Building Products in the 4th quarter worth about $35,000. Meeder Asset Management Inc. bought a new stake in Quanex Building Products in the 4th quarter valued at about $42,000. Finally, Quarry LP raised its stake in Quanex Building Products by 132.0% in the 3rd quarter. Quarry LP now owns 3,754 shares of the construction company’s stock valued at $53,000 after acquiring an additional 2,136 shares during the period. 97.48% of the stock is owned by hedge funds and other institutional investors.
Quanex Building Products Price Performance
Shares of NYSE NX opened at $21.80 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28. Quanex Building Products Corporation has a fifty-two week low of $11.04 and a fifty-two week high of $22.98. The stock has a market cap of $1.00 billion, a PE ratio of -3.87, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The stock has a fifty day moving average of $17.99 and a 200-day moving average of $18.77.
Quanex Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. Quanex Building Products’s dividend payout ratio is currently -5.68%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on NX shares. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.00.
Check Out Our Latest Stock Analysis on NX
About Quanex Building Products
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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