Victory Capital Management Inc. Has $2.30 Million Holdings in Quanex Building Products Co. (NYSE:NX)

Victory Capital Management Inc. lifted its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 174.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,052 shares of the construction company's stock after acquiring an additional 52,767 shares during the period. Victory Capital Management Inc. owned approximately 0.25% of Quanex Building Products worth $2,296,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Innealta Capital LLC bought a new position in Quanex Building Products during the second quarter worth about $46,000. GAMMA Investing LLC raised its position in shares of Quanex Building Products by 157.1% during the first quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company's stock worth $69,000 after purchasing an additional 1,090 shares during the period. 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 valued at $55,000 after purchasing an additional 1,800 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of Quanex Building Products in the 1st quarter valued at approximately $145,000. Finally, SG Americas Securities LLC bought a new stake in Quanex Building Products during the 1st quarter worth approximately $216,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Up 0.4 %

Shares of NYSE:NX traded up $0.12 during mid-day trading on Wednesday, reaching $28.28. 657,770 shares of the stock were exchanged, compared to its average volume of 334,973. The stock's 50 day simple moving average is $28.72 and its 200-day simple moving average is $31.67. Quanex Building Products Co. has a one year low of $24.85 and a one year high of $39.31. The company has a market cap of $1.34 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.92 and a beta of 1.27. 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 (NYSE:NX - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $280.35 million during the quarter, compared to analysts' expectations of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period last year, the business earned $0.97 EPS. As a group, equities research analysts predict that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, September 16th. This represents a $0.32 annualized dividend and a yield of 1.13%. Quanex Building Products's dividend payout ratio (DPR) is presently 13.11%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NX shares. Benchmark reaffirmed a "buy" rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com lowered shares of Quanex Building Products from a "buy" rating to a "hold" rating in a report on Tuesday, September 10th.

Quanex Building Products Company 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.