Scott M. Zuehlke Purchases 435 Shares of Quanex Building Products Co. (NYSE:NX) Stock

Quanex Building Products Co. (NYSE:NX - Get Free Report) CFO Scott M. Zuehlke purchased 435 shares of Quanex Building Products stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $23.10 per share, for a total transaction of $10,048.50. Following the completion of the purchase, the chief financial officer now owns 74,297 shares in the company, valued at $1,716,260.70. This represents a 0.59 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Quanex Building Products Trading Down 5.5 %

NYSE:NX traded down $1.35 during mid-day trading on Thursday, hitting $23.13. 984,633 shares of the company's stock were exchanged, compared to its average volume of 369,796. 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 Co. has a fifty-two week low of $22.92 and a fifty-two week high of $39.31. The company has a 50 day simple moving average of $29.43 and a 200-day simple moving average of $28.85. The firm has a market capitalization of $1.09 billion, a P/E ratio of 20.65, a PEG ratio of 0.89 and a beta of 1.24.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same period in the previous year, the business earned $0.95 EPS. As a group, research analysts expect that Quanex Building Products Co. will post 2.26 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.38%. Quanex Building Products's dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

NX has been the subject of a number of research reports. StockNews.com cut Quanex Building Products from a "buy" rating to a "hold" rating in a research note on Saturday, December 14th. Benchmark reiterated a "buy" rating and issued a $38.00 target price on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Hedge Funds Weigh In On Quanex Building Products

A number of hedge funds have recently made changes to their positions in NX. GAMMA Investing LLC lifted 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 valued at $28,000 after buying an additional 393 shares during the period. Quarry LP lifted its stake in shares of Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after purchasing an additional 677 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Quanex Building Products in the 3rd quarter valued at about $37,000. Public Employees Retirement System of Ohio boosted its position in shares of Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock valued at $41,000 after purchasing an additional 605 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Quanex Building Products during the second quarter worth approximately $46,000. 97.48% of the stock is currently 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.