AlphaQuest LLC Raises Stock Position in Quanex Building Products Corporation $NX

AlphaQuest LLC boosted its position in shares of Quanex Building Products Corporation (NYSE:NX) by 21,747.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,872 shares of the construction company’s stock after acquiring an additional 26,749 shares during the period. AlphaQuest LLC’s holdings in Quanex Building Products were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NX. CWM LLC grew its holdings in Quanex Building Products by 104.5% in the second quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after purchasing an additional 750 shares during the last quarter. Allworth Financial LP grew its stake in Quanex Building Products by 17,191.7% during the 2nd quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock worth $39,000 after buying an additional 2,063 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Quanex Building Products during the 3rd quarter worth $72,000. Tower Research Capital LLC TRC increased its position in Quanex Building Products by 210.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock valued at $97,000 after buying an additional 3,484 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Quanex Building Products by 91.8% in the second quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock valued at $122,000 after buying an additional 3,084 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Quanex Building Products

In other news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $15.94, for a total value of $1,904,590.90. Following the completion of the transaction, the insider owned 4,421,879 shares of the company’s stock, valued at $70,484,751.26. The trade was a 2.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NX. Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Benchmark dropped their target price on shares of Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $28.00.

Quanex Building Products Price Performance

Shares of NYSE:NX opened at $21.30 on Friday. Quanex Building Products Corporation has a twelve month low of $11.04 and a twelve month high of $23.72. The company has a current ratio of 2.04, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The company has a market cap of $978.52 million, a PE ratio of -3.88, a price-to-earnings-growth ratio of 0.72 and a beta of 0.94. The company’s 50 day moving average is $16.68 and its 200 day moving average is $16.41.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 11th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Quanex Building Products had a negative net margin of 13.65% and a positive return on equity of 12.46%. The business had revenue of $489.85 million for the quarter, compared to the consensus estimate of $472.62 million. During the same period in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts forecast that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. Quanex Building Products’s dividend payout ratio (DPR) is currently -5.83%.

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.