Quantinno Capital Management LP Purchases 30,761 Shares of Quanex Building Products Corporation $NX

Quantinno Capital Management LP grew its position in shares of Quanex Building Products Corporation (NYSE:NX) by 48.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,871 shares of the construction company’s stock after purchasing an additional 30,761 shares during the period. Quantinno Capital Management LP’s holdings in Quanex Building Products were worth $1,705,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of Quanex Building Products in the third quarter worth $26,000. Hantz Financial Services Inc. grew its position in Quanex Building Products by 199.9% during the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock worth $33,000 after buying an additional 1,415 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Quanex Building Products in the 4th quarter worth about $35,000. Meeder Asset Management Inc. bought a new position in Quanex Building Products in the 4th quarter worth about $42,000. Finally, Quarry LP raised its holdings in shares of Quanex Building Products by 132.0% in the 3rd quarter. Quarry LP now owns 3,754 shares of the construction company’s stock valued at $53,000 after acquiring an additional 2,136 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

NX has been the subject of a number of research analyst reports. Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.00.

Quanex Building Products Stock Performance

NYSE NX opened at $21.80 on Thursday. Quanex Building Products Corporation has a 52-week low of $11.04 and a 52-week high of $22.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28. The company has a market capitalization of $1.00 billion, a P/E ratio of -3.87, a P/E/G ratio of 0.94 and a beta of 0.92. The company has a fifty day moving average of $17.99 and a 200-day moving average of $18.77.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $462.37 million for the quarter, compared to analysts’ expectations of $459.27 million. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%. As a group, equities research analysts predict that Quanex Building Products Corporation will post 1.66 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 15th. Quanex Building Products’s dividend payout ratio is presently -5.68%.

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.