Systematic Financial Management LP Purchases 165,424 Shares of Quanex Building Products Corporation $NX

Systematic Financial Management LP increased its position in shares of Quanex Building Products Corporation (NYSE:NX) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,773,756 shares of the construction company’s stock after acquiring an additional 165,424 shares during the quarter. Systematic Financial Management LP’s holdings in Quanex Building Products were worth $27,280,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Orion Porfolio Solutions LLC raised its stake in shares of Quanex Building Products by 5.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company’s stock worth $218,000 after acquiring an additional 614 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Quanex Building Products by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company’s stock worth $345,000 after purchasing an additional 754 shares in the last quarter. Comerica Bank increased its position in shares of Quanex Building Products by 3.6% during the fourth quarter. Comerica Bank now owns 47,375 shares of the construction company’s stock worth $729,000 after purchasing an additional 1,666 shares in the last quarter. Danske Bank A S acquired a new position in shares of Quanex Building Products during the third quarter worth $26,000. Finally, Quarry LP increased its position in shares of Quanex Building Products by 132.0% during the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock worth $53,000 after purchasing an additional 2,136 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of NX opened at $17.73 on Friday. The firm has a market capitalization of $814.11 million, a PE ratio of -3.37, a price-to-earnings-growth ratio of 0.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.31 and a quick ratio of 1.21. Quanex Building Products Corporation has a 1-year low of $11.04 and a 1-year high of $22.98. The company’s fifty day moving average price is $18.61 and its 200-day moving average price is $17.44.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Quanex Building Products had a positive return on equity of 12.24% and a negative net margin of 13.00%.The firm had revenue of $409.09 million for the quarter, compared to the consensus estimate of $405.75 million. On average, equities research analysts predict that Quanex Building Products Corporation will post 1.63 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 17th. Quanex Building Products’s dividend payout ratio is presently -6.08%.

Analysts Set New Price Targets

NX has been the topic of a number of recent analyst reports. Zacks Research downgraded Quanex Building Products from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Wall Street Zen downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $28.00.

About Quanex Building Products

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.