Bank of Montreal Can Has $2 Million Position in Quanex Building Products Co. (NYSE:NX)

Bank of Montreal Can grew its holdings in Quanex Building Products Co. (NYSE:NX - Free Report) by 512.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,679 shares of the construction company's stock after purchasing an additional 58,295 shares during the quarter. Bank of Montreal Can owned approximately 0.21% of Quanex Building Products worth $1,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NX. State Board of Administration of Florida Retirement System grew its holdings in shares of Quanex Building Products by 224.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,627 shares of the construction company's stock valued at $1,177,000 after buying an additional 21,189 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Quanex Building Products in the first quarter worth about $983,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Quanex Building Products during the first quarter worth about $1,023,000. Victory Capital Management Inc. lifted its holdings in shares of Quanex Building Products by 174.2% during the 2nd quarter. Victory Capital Management Inc. now owns 83,052 shares of the construction company's stock valued at $2,296,000 after purchasing an additional 52,767 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Quanex Building Products by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company's stock valued at $113,553,000 after purchasing an additional 30,198 shares during the period. Institutional investors own 97.48% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on NX. Benchmark restated a "buy" rating and set a $38.00 target price on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com cut shares of Quanex Building Products from a "buy" rating to a "hold" rating in a research report on Tuesday, September 10th.

Quanex Building Products Stock Up 2.9 %

Shares of NYSE:NX traded up $0.77 during mid-day trading on Friday, reaching $27.30. 306,486 shares of the stock were exchanged, compared to its average volume of 351,857. The stock's 50 day simple moving average is $27.95 and its 200-day simple moving average is $31.05. 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 $1.29 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.90 and a beta of 1.26. 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 posted its quarterly earnings data 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 net margin of 6.88% and a return on equity of 14.68%. The company had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. During the same period last year, the company earned $0.97 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.32 annualized dividend and a yield of 1.17%. Quanex Building Products's payout ratio is presently 13.11%.

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.