Quanex Building Products Corporation (NYSE:NX) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Quanex Building Products by 195.4% during Q1, now owning 55,313 shares valued at approximately $1,028,000.
• The company reported a net revenue of $452.48 million for the latest quarter, exceeding expectations, alongside an earnings per share (EPS) of $0.60.
• Quanex Building Products recently declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 1.6% with a payout ratio of 54.24%.

GSA Capital Partners LLP increased its position in Quanex Building Products Corporation (NYSE:NX - Free Report) by 195.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,313 shares of the construction company's stock after acquiring an additional 36,586 shares during the period. GSA Capital Partners LLP owned about 0.12% of Quanex Building Products worth $1,028,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NX. Janney Montgomery Scott LLC grew its position in Quanex Building Products by 9.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,438 shares of the construction company's stock worth $399,000 after purchasing an additional 1,885 shares during the period. GAMMA Investing LLC grew its position in Quanex Building Products by 106.5% in the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock worth $49,000 after purchasing an additional 1,350 shares during the period. Johnson Investment Counsel Inc. bought a new stake in Quanex Building Products in the 1st quarter worth approximately $190,000. Nisa Investment Advisors LLC grew its position in Quanex Building Products by 6.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company's stock worth $298,000 after purchasing an additional 997 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Quanex Building Products by 12.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,573 shares of the construction company's stock worth $1,686,000 after purchasing an additional 7,805 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

Shares of NX stock traded down $0.03 during mid-day trading on Monday, reaching $19.54. 64,167 shares of the company's stock traded hands, compared to its average volume of 456,173. Quanex Building Products Corporation has a 12 month low of $15.30 and a 12 month high of $32.23. The firm has a 50 day moving average price of $19.03 and a two-hundred day moving average price of $19.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.26 and a current ratio of 2.41. The firm has a market capitalization of $898.31 million, a PE ratio of 33.08, a price-to-earnings-growth ratio of 0.53 and a beta of 1.04.

Quanex Building Products (NYSE:NX - Get Free Report) last released its earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.12. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. The company had revenue of $452.48 million for the quarter, compared to analysts' expectations of $440.05 million. On average, research analysts forecast that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 16th. Quanex Building Products's dividend payout ratio is presently 54.24%.

About Quanex Building Products

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.