Quanex Building Products (NYSE:NX) Stock Price Up 6.4% - Should You Buy?

Quanex Building Products Co. (NYSE:NX - Get Free Report) was up 6.4% on Tuesday . The stock traded as high as $20.20 and last traded at $20.25. Approximately 351,797 shares traded hands during trading, a decline of 31% from the average daily volume of 508,800 shares. The stock had previously closed at $19.02.

Quanex Building Products Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The stock has a market cap of $887.74 million, a P/E ratio of 17.24, a PEG ratio of 0.68 and a beta of 1.01. The stock has a 50-day simple moving average of $17.43 and a 200-day simple moving average of $20.92.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.12. The company had revenue of $452.48 million for the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. Research analysts forecast that Quanex Building Products Co. will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.08 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.66%. Quanex Building Products's payout ratio is 54.24%.

Institutional Trading of Quanex Building Products

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Quanex Building Products by 1.0% during 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 last quarter. Ameriprise Financial Inc. increased its position in shares of Quanex Building Products by 6.1% during the first quarter. Ameriprise Financial Inc. now owns 2,109,352 shares of the construction company's stock worth $39,212,000 after buying an additional 121,323 shares during the period. Principal Financial Group Inc. raised its stake in Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock worth $47,424,000 after buying an additional 1,733,932 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Quanex Building Products by 31.1% in the 1st quarter. Segall Bryant & Hamill LLC now owns 1,367,758 shares of the construction company's stock valued at $25,427,000 after purchasing an additional 324,548 shares during the period. Finally, Systematic Financial Management LP increased its stake in shares of Quanex Building Products by 14.5% in the 1st quarter. Systematic Financial Management LP now owns 1,202,505 shares of the construction company's stock valued at $22,355,000 after acquiring an additional 152,275 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors.

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.