XTX Topco Ltd Purchases 26,956 Shares of 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 increased its holdings in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 241.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,110 shares of the construction company's stock after purchasing an additional 26,956 shares during the quarter. XTX Topco Ltd owned approximately 0.08% of Quanex Building Products worth $708,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NX. KLP Kapitalforvaltning AS purchased a new position in Quanex Building Products during the 4th quarter valued at approximately $195,000. LPL Financial LLC purchased a new position in Quanex Building Products during the 4th quarter valued at approximately $632,000. Vanguard Group Inc. boosted its holdings in shares of Quanex Building Products by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock worth $127,693,000 after purchasing an additional 51,142 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Quanex Building Products by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company's stock worth $25,533,000 after purchasing an additional 12,128 shares during the period. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of Quanex Building Products by 301.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 140,986 shares of the construction company's stock worth $3,418,000 after purchasing an additional 105,907 shares during the period. Hedge funds and other institutional investors own 97.48% of the company's stock.

Quanex Building Products Trading Up 0.2%

Shares of Quanex Building Products stock traded up $0.05 on Friday, reaching $19.74. The company had a trading volume of 155,959 shares, compared to its average volume of 454,818. The firm has a market cap of $907.22 million, a price-to-earnings ratio of 33.42, a P/E/G ratio of 0.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.41 and a quick ratio of 1.26. The firm's 50-day moving average price is $19.18 and its two-hundred day moving average price is $19.13. Quanex Building Products Corporation has a 1 year low of $15.30 and a 1 year high of $32.23.

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

Quanex Building Products Dividend Announcement

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