Deprince Race & Zollo Inc. Has $28.83 Million Stock Position in Quanex Building Products Corporation $NX

Key Points

• Deprince Race & Zollo increased its stake in Quanex Building Products (NX) by 8.0% in Q4 to 1,874,353 shares, representing about 4.10% of the company and valued at roughly $28.83 million.
• Recent results and payout: Quanex beat Q4 EPS estimates (loss of $0.01 vs. -$0.05) with $409.09M in revenue, and it pays a quarterly dividend of $0.08 (annualized $0.32, ~1.6% yield).
• Market and analyst picture: The stock trades near $19.93 with a market cap of about $915M, institutional ownership of 97.48%, and mixed analyst ratings that average to a "Hold" with a $28 consensus target.

Deprince Race & Zollo Inc. increased its position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 8.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,874,353 shares of the construction company's stock after acquiring an additional 139,036 shares during the period. Deprince Race & Zollo Inc. owned about 4.10% of Quanex Building Products worth $28,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC grew its position in Quanex Building Products by 13.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 185,807 shares of the construction company's stock worth $2,858,000 after acquiring an additional 21,955 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in Quanex Building Products during the 4th quarter worth $382,000. Byrne Asset Management LLC grew its position in Quanex Building Products by 128.7% during the 4th quarter. Byrne Asset Management LLC now owns 11,550 shares of the construction company's stock worth $178,000 after acquiring an additional 6,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Quanex Building Products during the 4th quarter worth $178,000. Finally, Danske Bank A S bought a new stake in Quanex Building Products during the 3rd quarter worth $26,000. Institutional investors own 97.48% of the company's stock.

Quanex Building Products Trading Up 0.0%

NYSE NX opened at $19.93 on Monday. The business's 50-day moving average price is $19.32 and its two-hundred day moving average price is $16.51. Quanex Building Products Corporation has a 12 month low of $11.04 and a 12 month high of $22.98. The firm has a market capitalization of $915.29 million, a PE ratio of -3.79, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.93.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The construction company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. Quanex Building Products had a positive return on equity of 12.24% and a negative net margin of 13.00%.The firm had revenue of $409.09 million for the quarter, compared to analyst estimates of $405.75 million. On average, analysts expect that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, March 17th. Quanex Building Products's payout ratio is -6.08%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Benchmark reduced their price objective on Quanex Building Products from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday, December 15th. Weiss Ratings restated a "sell (d)" rating on shares of Quanex Building Products in a research report on Thursday, January 22nd. Wall Street Zen lowered Quanex Building Products from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Zacks Research upgraded Quanex Building Products from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Quanex Building Products currently has an average rating of "Hold" and a consensus target price of $28.00.

About Quanex Building Products

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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