SG Americas Securities LLC Takes $586,000 Position in Quanex Building Products Co. (NYSE:NX)

SG Americas Securities LLC bought a new position in shares of Quanex Building Products Co. (NYSE:NX - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,112 shares of the construction company's stock, valued at approximately $586,000. SG Americas Securities LLC owned approximately 0.06% of Quanex Building Products at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Innealta Capital LLC acquired a new stake in shares of Quanex Building Products during the 2nd quarter worth approximately $46,000. nVerses Capital LLC boosted its stake 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 acquiring an additional 1,800 shares during the last quarter. GAMMA Investing LLC grew its holdings in Quanex Building Products by 157.1% during the 1st quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company's stock worth $69,000 after acquiring an additional 1,090 shares during the period. Quest Partners LLC raised its position 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 valued at $91,000 after acquiring an additional 3,244 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Quanex Building Products in the 2nd quarter valued at $101,000. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Trading Down 0.6 %

Shares of NYSE NX traded down $0.19 during midday trading on Tuesday, reaching $29.07. 289,674 shares of the stock were exchanged, compared to its average volume of 352,872. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. Quanex Building Products Co. has a 12 month low of $24.85 and a 12 month high of $39.31. The business has a 50-day simple moving average of $27.49 and a two-hundred day simple moving average of $30.54. The company has a market capitalization of $962.59 million, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.92 and a beta of 1.26.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, beating 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 quarter in the prior year, the company earned $0.97 earnings per share. As a group, equities research analysts expect that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, September 16th. Quanex Building Products's dividend payout ratio is presently 13.11%.

Wall Street Analysts Forecast Growth

NX has been the subject of a number of analyst reports. StockNews.com raised Quanex Building Products from a "hold" rating to a "buy" rating in a research note on Tuesday, October 8th. 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.

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.