New Age Alpha Advisors LLC Purchases Shares of 72,159 Quanex Building Products Corporation $NX

New Age Alpha Advisors LLC purchased a new stake in Quanex Building Products Corporation (NYSE:NX) in the 4th quarter, HoldingsChannel reports. The fund purchased 72,159 shares of the construction company’s stock, valued at approximately $1,110,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management increased its position in shares of Quanex Building Products by 658.9% during the third quarter. LSV Asset Management now owns 204,900 shares of the construction company’s stock worth $2,914,000 after acquiring an additional 177,900 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Quanex Building Products by 30.2% during the third quarter. First Eagle Investment Management LLC now owns 407,687 shares of the construction company’s stock worth $5,797,000 after acquiring an additional 94,619 shares in the last quarter. Villanova Investment Management Co LLC increased its position in shares of Quanex Building Products by 105.8% during the third quarter. Villanova Investment Management Co LLC now owns 144,059 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 74,074 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Quanex Building Products during the third quarter worth about $2,440,000. Finally, Medina Value Partners LLC bought a new stake in shares of Quanex Building Products during the third quarter worth about $4,602,000. 97.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NX shares. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $28.00.

Quanex Building Products Stock Up 3.2%

Quanex Building Products stock opened at $18.91 on Thursday. Quanex Building Products Corporation has a fifty-two week low of $11.04 and a fifty-two week high of $22.98. The stock has a market cap of $868.54 million, a PE ratio of -3.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. The firm’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $17.58. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.21 and a current ratio of 2.31.

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

Quanex Building Products Profile

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.