Quanex Building Products Co. (NYSE:NX) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP grew its position in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,022,002 shares of the construction company's stock after purchasing an additional 126,290 shares during the quarter. Systematic Financial Management LP owned approximately 2.16% of Quanex Building Products worth $28,361,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Quanex Building Products by 150.8% during the third quarter. Quarry LP now owns 1,126 shares of the construction company's stock worth $31,000 after purchasing an additional 677 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Quanex Building Products during the third quarter worth about $75,000. Point72 Asset Management L.P. purchased a new position in shares of Quanex Building Products during the third quarter worth about $132,000. Janus Henderson Group PLC grew its holdings in shares of Quanex Building Products by 318.9% during the third quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company's stock worth $6,447,000 after buying an additional 176,949 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Quanex Building Products during the third quarter worth about $37,000. Hedge funds and other institutional investors own 97.48% of the company's stock.

Analyst Upgrades and Downgrades

NX has been the topic of a number of research reports. StockNews.com lowered Quanex Building Products from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Benchmark restated a "buy" rating and issued a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Quanex Building Products Price Performance

Shares of Quanex Building Products stock traded down $0.42 during trading on Thursday, hitting $29.16. 284,384 shares of the company were exchanged, compared to its average volume of 351,685. 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 Co. has a fifty-two week low of $24.85 and a fifty-two week high of $39.31. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.92 and a beta of 1.24. The firm has a 50 day moving average price of $29.38 and a 200 day moving average price of $29.18.

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, topping 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 previous year, the company earned $0.97 EPS. On average, equities analysts expect that Quanex Building Products Co. will post 2.1 earnings per share for the current fiscal year.

Quanex Building Products 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.