Thompson Davis & CO. Inc. purchased a new position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,658 shares of the construction company's stock, valued at approximately $310,000.
Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC grew its stake in Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock valued at $34,000 after buying an additional 1,267 shares during the last quarter. Federated Hermes Inc. acquired a new position in Quanex Building Products in the 4th quarter valued at $44,000. 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 last quarter. Signaturefd LLC grew its position in Quanex Building Products by 25,254.5% in the 1st quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock worth $52,000 after purchasing an additional 2,778 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Quanex Building Products in the 4th quarter worth $213,000. Institutional investors and hedge funds own 97.48% of the company's stock.
Quanex Building Products Stock Performance
NYSE NX opened at $21.45 on Friday. The company's fifty day moving average is $19.56 and its two-hundred day moving average is $19.04. The firm has a market capitalization of $986.06 million, a price-to-earnings ratio of 36.36, a P/E/G ratio of 0.60 and a beta of 1.04. Quanex Building Products Corporation has a 52-week low of $15.30 and a 52-week high of $32.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.41 and a quick ratio of 1.26.
Quanex Building Products (NYSE:NX - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $452.48 million during the quarter, compared to the consensus estimate of $440.05 million. Equities research analysts forecast that Quanex Building Products Corporation will post 2.18 EPS for the current year.
Quanex Building Products Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. Quanex Building Products's payout ratio is currently 54.24%.
About Quanex Building Products
(
Free Report)
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.
Further Reading
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