Intech Investment Management LLC purchased a new position in Quanex Building Products Co. (NYSE:NX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,899 shares of the construction company's stock, valued at approximately $1,385,000. Intech Investment Management LLC owned approximately 0.11% of Quanex Building Products at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. CANADA LIFE ASSURANCE Co boosted its position in Quanex Building Products by 4.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 29,815 shares of the construction company's stock valued at $1,145,000 after purchasing an additional 1,390 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Quanex Building Products by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,440 shares of the construction company's stock valued at $363,000 after buying an additional 1,171 shares in the last quarter. EMC Capital Management increased its holdings in Quanex Building Products by 55.9% in the first quarter. EMC Capital Management now owns 9,448 shares of the construction company's stock worth $363,000 after buying an additional 3,387 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in Quanex Building Products by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 61,539 shares of the construction company's stock valued at $1,702,000 after acquiring an additional 1,000 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC acquired a new stake in Quanex Building Products in the second quarter valued at approximately $270,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Quanex Building Products from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Benchmark reaffirmed a "buy" rating and issued a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th.
Check Out Our Latest Stock Report on NX
Quanex Building Products Stock Performance
Shares of NYSE:NX traded down $2.06 during trading on Wednesday, reaching $28.81. The stock had a trading volume of 438,474 shares, compared to its average volume of 352,435. The stock has a fifty day simple moving average of $29.21 and a two-hundred day simple moving average of $29.36. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. Quanex Building Products Co. has a 52 week low of $24.85 and a 52 week high of $39.31. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.77 and a beta of 1.25.
Quanex Building Products (NYSE:NX - Get Free Report) last announced its earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. The firm had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. During the same quarter last year, the firm posted $0.97 EPS. As a group, analysts anticipate that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.
Quanex Building Products Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Quanex Building Products's dividend payout ratio is 14.22%.
Quanex Building Products Company Profile
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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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