Quanex Building Products Co. (NYSE:NX) Short Interest Update

Quanex Building Products Co. (NYSE:NX - Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 1,570,000 shares, a decrease of 26.6% from the September 15th total of 2,140,000 shares. Based on an average daily volume of 692,200 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NX shares. StockNews.com raised shares of Quanex Building Products from a "hold" rating to a "buy" rating in a research report on Tuesday. Benchmark restated a "buy" rating and set a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Quanex Building Products Stock Performance

Shares of NX stock traded up $0.75 during trading hours on Friday, hitting $28.46. 318,724 shares of the company were exchanged, compared to its average volume of 547,731. The firm has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $30.66. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. Quanex Building Products has a 52-week low of $24.85 and a 52-week high of $39.31. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 0.92 and a beta of 1.26.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share (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 company had revenue of $280.35 million during the quarter, compared to analyst estimates of $278.00 million. During the same quarter last year, the business posted $0.97 EPS. Research analysts predict that Quanex Building Products will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date was Monday, September 16th. Quanex Building Products's payout ratio is 14.22%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Quanex Building Products by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company's stock worth $28,000 after acquiring an additional 393 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Quanex Building Products during the 2nd quarter worth $46,000. nVerses Capital LLC lifted its holdings in shares of Quanex Building Products by 900.0% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the construction company's stock worth $55,000 after acquiring an additional 1,800 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of 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 acquiring an additional 3,244 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Quanex Building Products during the 2nd quarter worth $101,000. 97.48% of the stock is owned by institutional investors.

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.