Quanex Building Products (NYSE:NX) Stock Price Up 4.9% Following Insider Buying Activity

Shares of Quanex Building Products Co. (NYSE:NX - Get Free Report) rose 4.9% on Friday after an insider bought additional shares in the company. The stock traded as high as $24.53 and last traded at $24.26. Approximately 98,020 shares traded hands during trading, a decline of 73% from the average daily volume of 368,616 shares. The stock had previously closed at $23.13.

Specifically, CEO George Laverne Wilson bought 4,328 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, with a total value of $99,673.84. Following the completion of the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com lowered Quanex Building Products from a "buy" rating to a "hold" rating in a research report on Saturday, December 14th. Benchmark reissued a "buy" rating and set a $38.00 price target on shares of Quanex Building Products in a report on Wednesday, September 11th.

Quanex Building Products Trading Up 8.5 %

The stock has a market cap of $1.19 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. The company has a 50 day moving average of $29.43 and a two-hundred day moving average of $28.85.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same period in the previous year, the firm earned $0.95 earnings per share. Sell-side analysts anticipate that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, December 16th. Quanex Building Products's payout ratio is 28.57%.

Institutional Trading of Quanex Building Products

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Quanex Building Products by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company's stock worth $28,000 after purchasing an additional 393 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Quanex Building Products by 69.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after acquiring an additional 605 shares during the last quarter. Quarry LP grew its stake in Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after acquiring an additional 677 shares in the last quarter. TD Asset Management Inc raised its holdings in Quanex Building Products by 3.4% in the 2nd quarter. TD Asset Management Inc now owns 24,200 shares of the construction company's stock valued at $669,000 after acquiring an additional 800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Quanex Building Products by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,318 shares of the construction company's stock worth $479,000 after purchasing an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

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.