XTX Topco Ltd Has $708,000 Stock Position in Quanex Building Products Corporation (NYSE:NX)

Key Points

• XTX Topco Ltd increased its stake in Quanex Building Products by 241.7% during Q1, now holding a total of 38,110 shares worth approximately $708,000.
• Quanex Building Products recently reported an EPS of $0.60 for the quarter, surpassing analyst expectations of $0.48, with revenue reaching $452.48 million.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 1.7% and a payout ratio of 54.24%.

XTX Topco Ltd boosted its position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 241.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,110 shares of the construction company's stock after purchasing an additional 26,956 shares during the period. XTX Topco Ltd owned 0.08% of Quanex Building Products worth $708,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NX. Janney Montgomery Scott LLC grew its stake 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 valued at $399,000 after buying an additional 1,885 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Quanex Building Products by 106.5% in the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock valued at $49,000 after purchasing an additional 1,350 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in Quanex Building Products during the 1st quarter valued at $190,000. Nisa Investment Advisors LLC increased its holdings in Quanex Building Products by 6.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company's stock valued at $298,000 after purchasing an additional 997 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Quanex Building Products by 195.4% during the 1st quarter. GSA Capital Partners LLP now owns 55,313 shares of the construction company's stock valued at $1,028,000 after purchasing an additional 36,586 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Down 1.2%

Shares of NX opened at $19.34 on Tuesday. 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 quick ratio of 1.26 and a current ratio of 2.41. The firm has a market capitalization of $889.06 million, a price-to-earnings ratio of 32.78, a PEG ratio of 0.53 and a beta of 1.04. The business's fifty day moving average price is $19.07 and its two-hundred day moving average price is $19.16.

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

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 16th. Quanex Building Products's payout ratio is currently 54.24%.

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.

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