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Quanex Building Products Co. (NYSE:NX) CEO Buys $99,673.84 in Stock

Quanex Building Products logo with Construction background

Quanex Building Products Co. (NYSE:NX - Get Free Report) CEO George Laverne Wilson acquired 4,328 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at $6,624,441.32. This represents a 1.53 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Quanex Building Products Trading Down 5.5 %

NYSE NX traded down $1.35 during trading on Thursday, hitting $23.13. The stock had a trading volume of 984,633 shares, compared to its average volume of 369,796. The company has a market capitalization of $1.09 billion, a PE ratio of 20.65, a PEG ratio of 0.89 and a beta of 1.24. Quanex Building Products Co. has a twelve month low of $22.92 and a twelve month high of $39.31. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $29.43 and a 200 day moving average price of $28.85.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same period in the prior year, the business earned $0.95 earnings per share. As a group, equities research analysts forecast that Quanex Building Products Co. will post 2.26 earnings per share for the current year.

Quanex Building Products Announces Dividend

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

Hedge Funds Weigh In On Quanex Building Products

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Quanex Building Products by 28.8% during the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company's stock worth $6,175,000 after acquiring an additional 49,716 shares in the last quarter. Franklin Resources Inc. raised its holdings in Quanex Building Products by 6.4% during the third quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company's stock worth $562,000 after purchasing an additional 1,150 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock worth $28,894,000 after buying an additional 286,128 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Quanex Building Products by 720.3% in the 3rd quarter. Vestcor Inc now owns 19,360 shares of the construction company's stock valued at $537,000 after buying an additional 17,000 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Quanex Building Products by 391.4% in the 3rd quarter. Barclays PLC now owns 83,794 shares of the construction company's stock valued at $2,325,000 after buying an additional 66,742 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

Wall Street Analysts Forecast Growth

NX has been the topic of a number of recent research reports. Benchmark reissued a "buy" rating and set a $38.00 price objective on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com lowered Quanex Building Products from a "buy" rating to a "hold" rating in a report on Saturday, December 14th.

Check Out Our Latest Stock Report on Quanex Building Products

About Quanex Building Products

(Get Free Report)

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.

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