Artemis Investment Management LLP Takes $15.34 Million Position in Quanex Building Products Co. (NYSE:NX)

Artemis Investment Management LLP purchased a new stake in Quanex Building Products Co. (NYSE:NX - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 552,909 shares of the construction company's stock, valued at approximately $15,343,000. Artemis Investment Management LLP owned about 1.17% of Quanex Building Products at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in shares of Quanex Building Products by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company's stock worth $598,000 after purchasing an additional 304 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Quanex Building Products by 65.4% in the third quarter. GAMMA Investing LLC now owns 994 shares of the construction company's stock worth $28,000 after purchasing an additional 393 shares in the last quarter. SummerHaven Investment Management LLC increased its position in Quanex Building Products by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 28,452 shares of the construction company's stock worth $787,000 after buying an additional 474 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Quanex Building Products by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 28,972 shares of the construction company's stock valued at $1,113,000 after buying an additional 477 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Quanex Building Products by 1.5% in the first quarter. Oliver Luxxe Assets LLC now owns 43,900 shares of the construction company's stock worth $1,687,000 after buying an additional 660 shares during the last quarter. Institutional investors own 97.48% of the company's stock.

Quanex Building Products Stock Performance

NYSE NX traded down $0.32 during trading on Thursday, hitting $27.71. The company's stock had a trading volume of 359,945 shares, compared to its average volume of 352,772. 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 cap of $917.56 million, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26. The firm has a 50 day moving average price of $27.59 and a 200 day moving average price of $30.79. 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 released its earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm 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 in the prior year, the company earned $0.97 EPS. Equities research analysts forecast that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.08 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.15%. Quanex Building Products's payout ratio is 13.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NX shares. Benchmark reiterated a "buy" rating and set a $38.00 price target on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com upgraded shares of Quanex Building Products from a "hold" rating to a "buy" rating in a report on Tuesday.

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.