Quanex Building Products Co. (NYSE:NX) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Quanex Building Products Co. (NYSE:NX - Free Report) by 292.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,469 shares of the construction company's stock after buying an additional 61,444 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Quanex Building Products worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new position in Quanex Building Products during the 3rd quarter valued at about $15,343,000. Hennessy Advisors Inc. bought a new stake in Quanex Building Products in the second quarter valued at $6,263,000. Pacer Advisors Inc. lifted its holdings in Quanex Building Products by 14.6% during the second quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company's stock worth $35,810,000 after acquiring an additional 165,121 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Quanex Building Products by 4.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company's stock worth $92,902,000 after purchasing an additional 147,444 shares during the period. Finally, American Century Companies Inc. boosted its stake in Quanex Building Products by 13.5% in the second quarter. American Century Companies Inc. now owns 807,464 shares of the construction company's stock worth $22,326,000 after buying an additional 96,095 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Down 2.0 %

Shares of NX traded down $0.64 during trading hours on Tuesday, hitting $30.87. 295,565 shares of the company were exchanged, compared to its average volume of 352,059. The firm's 50 day moving average is $29.15 and its 200-day moving average is $29.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. Quanex Building Products Co. has a 52 week low of $24.85 and a 52 week high of $39.31. The company has a market cap of $1.46 billion, a PE ratio of 13.72, a PEG ratio of 0.75 and a beta of 1.25.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same quarter last year, the business posted $0.97 EPS. On average, equities research analysts forecast that Quanex Building Products Co. will post 2.15 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, September 16th. Quanex Building Products's dividend payout ratio is currently 14.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $38.00 target price on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com upgraded Quanex Building Products from a "hold" rating to a "buy" rating in a research report on Tuesday, October 8th.

About Quanex Building Products

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.