Quanex Building Products (NYSE:NX) Sees Unusually-High Trading Volume

Quanex Building Products Co. (NYSE:NX - Get Free Report) shares saw strong trading volume on Tuesday . 173,287 shares changed hands during trading, an increase of 11% from the previous session's volume of 155,439 shares.The stock last traded at $34.31 and had previously closed at $33.69.

Analysts Set New Price Targets

Separately, Benchmark restated a "buy" rating and set a $38.00 price objective on shares of Quanex Building Products in a report on Tuesday.

Quanex Building Products Stock Up 3.1 %

The firm has a market cap of $1.15 billion, a P/E ratio of 13.21, a PEG ratio of 1.03 and a beta of 1.35. The firm's 50-day moving average price is $35.67 and its 200 day moving average price is $32.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.27 and a quick ratio of 1.31.

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

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. Quanex Building Products's payout ratio is 12.17%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oliver Luxxe Assets LLC bought a new stake in Quanex Building Products in the third quarter valued at about $782,000. Ritholtz Wealth Management increased its stake in Quanex Building Products by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company's stock valued at $579,000 after purchasing an additional 373 shares in the last quarter. Invesco Ltd. increased its position in shares of Quanex Building Products by 3.1% during the third quarter. Invesco Ltd. now owns 327,436 shares of the construction company's stock worth $9,224,000 after acquiring an additional 9,875 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Quanex Building Products during the third quarter worth $1,376,000. Finally, Acadian Asset Management LLC bought a new position in Quanex Building Products in the third quarter valued at $112,000. Institutional investors and hedge funds own 97.48% of the company's stock.

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.