Empowered Funds LLC purchased a new stake in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 204,721 shares of the construction company's stock, valued at approximately $3,812,000. Empowered Funds LLC owned 0.45% of Quanex Building Products at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S bought a new stake in shares of Quanex Building Products in the 3rd quarter worth approximately $26,000. Public Employees Retirement System of Ohio bought a new stake in Quanex Building Products in the second quarter valued at $36,000. Hantz Financial Services Inc. raised its holdings in Quanex Building Products by 199.9% in the 4th quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company's stock worth $33,000 after purchasing an additional 1,415 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Quanex Building Products during the 4th quarter valued at about $35,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Quanex Building Products during the fourth quarter valued at about $42,000. Institutional investors own 97.48% of the company's stock.
Quanex Building Products Stock Down 3.7%
NYSE:NX opened at $18.51 on Wednesday. The firm's 50-day moving average price is $18.94 and its 200-day moving average price is $18.78. The company has a market capitalization of $850.16 million, a PE ratio of -3.29, a P/E/G ratio of 0.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23. Quanex Building Products Corporation has a 1-year low of $11.04 and a 1-year high of $22.98.
Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. The company had revenue of $462.37 million during the quarter, compared to analyst estimates of $459.27 million. On average, equities analysts predict that Quanex Building Products Corporation will post 1.66 EPS for the current fiscal year.
Quanex Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Quanex Building Products's payout ratio is currently -5.68%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of Quanex Building Products from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. Weiss Ratings reiterated a "sell (d)" rating on shares of Quanex Building Products in a report on Friday, July 17th. Finally, Benchmark reissued a "buy" rating on shares of Quanex Building Products in a research report on Thursday, August 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Quanex Building Products currently has a consensus rating of "Hold" and a consensus target price of $28.00.
Read Our Latest Research Report on NX
Quanex Building Products Company Profile
(
Free Report)
Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.
Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.
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