Royce & Associates LP Acquires 58,315 Shares of Quanex Building Products Co. (NYSE:NX)

Royce & Associates LP lifted its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 12.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 528,486 shares of the construction company's stock after acquiring an additional 58,315 shares during the period. Royce & Associates LP owned 1.12% of Quanex Building Products worth $14,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in shares of Quanex Building Products by 38.7% in the third quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company's stock valued at $3,197,000 after purchasing an additional 32,158 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Quanex Building Products by 22.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 69,211 shares of the construction company's stock valued at $1,921,000 after purchasing an additional 12,895 shares during the period. Principal Financial Group Inc. grew its holdings in Quanex Building Products by 28.8% in the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company's stock valued at $6,175,000 after buying an additional 49,716 shares during the last quarter. Amalgamated Bank increased its position in Quanex Building Products by 34.4% in the 3rd quarter. Amalgamated Bank now owns 13,535 shares of the construction company's stock worth $376,000 after buying an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Quanex Building Products by 10,450.0% during the third quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company's stock worth $59,000 after buying an additional 2,090 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Trading Down 1.7 %

Shares of NX stock traded down $0.52 on Friday, reaching $29.95. 172,148 shares of the stock were exchanged, compared to its average volume of 322,927. The stock has a 50 day moving average price of $28.74 and a 200 day moving average price of $29.58. The stock has a market cap of $1.42 billion, a PE ratio of 13.31, a P/E/G ratio of 0.73 and a beta of 1.25. Quanex Building Products Co. has a one year low of $24.85 and a one year high of $39.31. 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 (NYSE:NX - Get Free Report) last announced 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 firm had revenue of $280.35 million for the quarter, compared to analysts' expectations of $278.00 million. During the same period last year, the firm earned $0.97 earnings per share. Equities research analysts forecast that Quanex Building Products Co. will post 2.15 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.08 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. Quanex Building Products's dividend payout ratio (DPR) is currently 14.22%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NX. Benchmark reaffirmed a "buy" rating and set a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com upgraded Quanex Building Products from a "hold" rating to a "buy" rating in a research note on Tuesday, October 8th.

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.