Choreo LLC Takes $318,000 Position in Quanex Building Products Co. (NYSE:NX)

Choreo LLC acquired a new stake in Quanex Building Products Co. (NYSE:NX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,233 shares of the construction company's stock, valued at approximately $318,000.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new position in shares of Quanex Building Products during the fourth quarter worth approximately $25,380,000. State Street Corp increased its stake in shares of Quanex Building Products by 28.1% during the third quarter. State Street Corp now owns 1,604,668 shares of the construction company's stock worth $44,530,000 after purchasing an additional 351,778 shares during the period. Geode Capital Management LLC increased its stake in shares of Quanex Building Products by 37.9% during the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock worth $28,894,000 after purchasing an additional 286,128 shares during the period. Janus Henderson Group PLC increased its stake in shares of Quanex Building Products by 318.9% during the third quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company's stock worth $6,447,000 after purchasing an additional 176,949 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of Quanex Building Products during the third quarter worth approximately $4,766,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Quanex Building Products news, CEO George Laverne Wilson purchased 4,328 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the purchase, the chief executive officer now owns 287,644 shares in the company, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.15% of the company's stock.

Quanex Building Products Stock Performance

Shares of NYSE NX traded up $0.92 during trading hours on Monday, reaching $23.11. 659,382 shares of the stock were exchanged, compared to its average volume of 382,119. The stock's fifty day simple moving average is $23.67 and its 200 day simple moving average is $26.85. Quanex Building Products Co. has a 52 week low of $19.57 and a 52 week high of $39.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.70 and a beta of 1.28.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same quarter last year, the firm posted $0.95 EPS. Sell-side analysts predict that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. Quanex Building Products's dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Quanex Building Products from a "hold" rating to a "sell" rating in a research note on Sunday, December 22nd.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.