Walleye Capital LLC Purchases 22,736 Shares of Quanex Building Products Co. (NYSE:NX)

Walleye Capital LLC increased its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 129.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,305 shares of the construction company's stock after buying an additional 22,736 shares during the quarter. Walleye Capital LLC owned about 0.09% of Quanex Building Products worth $1,118,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its holdings 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 buying an additional 32,158 shares in the last quarter. Susquehanna International Group Ltd. acquired a new position in shares of Quanex Building Products in the 2nd quarter worth $611,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Quanex Building Products by 292.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company's stock worth $2,289,000 after purchasing an additional 61,444 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Quanex Building Products by 5.6% during the third quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company's stock valued at $10,143,000 after purchasing an additional 19,361 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Quanex Building Products by 10,450.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company's stock valued at $59,000 after purchasing an additional 2,090 shares during the period. Institutional investors own 97.48% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on NX. StockNews.com upgraded Quanex Building Products from a "hold" rating to a "buy" rating in a report on Friday. Benchmark restated 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 Stock Up 0.1 %

Shares of NX traded up $0.04 during mid-day trading on Friday, reaching $29.20. The company's stock had a trading volume of 225,963 shares, compared to its average volume of 351,488. Quanex Building Products Co. has a 1 year low of $24.85 and a 1 year high of $39.31. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. The business has a fifty day moving average of $29.42 and a 200 day moving average of $29.18.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The firm had revenue of $280.35 million during the quarter, compared to analyst estimates of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same period last year, the company posted $0.97 EPS. As a group, analysts forecast that Quanex Building Products Co. will post 2.1 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. Quanex Building Products's payout ratio is 14.22%.

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.