Quanex Building Products (NYSE:NX) Stock Price Down 4%

Quanex Building Products Co. (NYSE:NX - Get Free Report) shares traded down 4% on Monday . The company traded as low as $32.62 and last traded at $33.26. 110,377 shares changed hands during trading, a decline of 27% from the average session volume of 152,182 shares. The stock had previously closed at $34.64.

Quanex Building Products Price Performance

The company has a 50-day moving average of $35.63 and a 200-day moving average of $32.10. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.31 and a current ratio of 2.27.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The construction company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $239.16 million during the quarter, compared to analysts' expectations of $232.90 million. Quanex Building Products had a return on equity of 17.11% and a net margin of 7.84%. As a group, equities research analysts expect that Quanex Building Products Co. will post 2.4 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.95%. Quanex Building Products's dividend payout ratio is currently 12.17%.

Insider Activity

In other Quanex Building Products news, SVP Paul Cornett sold 3,064 shares of Quanex Building Products stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $37.72, for a total value of $115,574.08. Following the completion of the sale, the senior vice president now directly owns 43,902 shares of the company's stock, valued at approximately $1,655,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.15% of the company's stock.

Institutional Trading of Quanex Building Products

A number of hedge funds have recently added to or reduced their stakes in NX. Oliver Luxxe Assets LLC grew its stake in shares of Quanex Building Products by 1.5% during the 1st quarter. Oliver Luxxe Assets LLC now owns 43,900 shares of the construction company's stock valued at $1,687,000 after buying an additional 660 shares during the period. GAMMA Investing LLC boosted its holdings in Quanex Building Products by 157.1% in the first quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company's stock valued at $69,000 after acquiring an additional 1,090 shares during the last quarter. Vanguard Group Inc. grew its position in Quanex Building Products by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company's stock valued at $113,553,000 after acquiring an additional 30,198 shares during the period. Quest Partners LLC acquired a new stake in Quanex Building Products during the fourth quarter worth about $303,000. Finally, Trexquant Investment LP raised its holdings in shares of Quanex Building Products by 11.3% in the 4th quarter. Trexquant Investment LP now owns 11,808 shares of the construction company's stock worth $361,000 after purchasing an additional 1,197 shares during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

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.