Quanex Building Products Co. (NYSE:NX) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 5.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,517 shares of the construction company's stock after purchasing an additional 19,361 shares during the period. Loomis Sayles & Co. L P owned about 0.77% of Quanex Building Products worth $10,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NX. GAMMA Investing LLC increased its position in shares of Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company's stock valued at $28,000 after purchasing an additional 393 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Quanex Building Products during the second quarter worth $46,000. nVerses Capital LLC increased its holdings in Quanex Building Products by 900.0% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the construction company's stock valued at $55,000 after buying an additional 1,800 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Quanex Building Products by 10,450.0% in the third quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company's stock valued at $59,000 after buying an additional 2,090 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in Quanex Building Products by 9,011.1% during the 2nd quarter. Quest Partners LLC now owns 3,280 shares of the construction company's stock worth $91,000 after buying an additional 3,244 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Performance

NX traded down $2.06 on Thursday, reaching $28.81. The company had a trading volume of 438,875 shares, compared to its average volume of 261,825. 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 1 year low of $24.85 and a 1 year high of $39.31. The stock has a market capitalization of $1.36 billion, a PE ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.25. The stock has a 50-day moving average price of $29.22 and a 200-day moving average price of $29.36.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. The firm had revenue of $280.35 million during the quarter, compared to analysts' expectations of $278.00 million. During the same period in the prior year, the firm earned $0.97 EPS. As a group, research analysts forecast that Quanex Building Products Co. will post 2.15 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors 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 yield of 1.11%. Quanex Building Products's dividend payout ratio (DPR) is 14.22%.

Analyst Ratings Changes

A number of research firms have recently commented on NX. StockNews.com upgraded Quanex Building Products from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. Benchmark reiterated a "buy" rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Quanex Building Products 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.