CenterBook Partners LP Has $4.22 Million Holdings in Quanex Building Products Corporation $NX

CenterBook Partners LP raised its position in Quanex Building Products Corporation (NYSE:NX) by 656.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,231 shares of the construction company’s stock after buying an additional 237,972 shares during the period. CenterBook Partners LP owned 0.60% of Quanex Building Products worth $4,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in Quanex Building Products in the third quarter valued at about $26,000. Hantz Financial Services Inc. boosted its position in Quanex Building Products by 199.9% in the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock valued at $33,000 after buying an additional 1,415 shares in the last quarter. Quarry LP boosted its position in Quanex Building Products by 132.0% in the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock valued at $53,000 after buying an additional 2,136 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Quanex Building Products in the fourth quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC boosted its position in Quanex Building Products by 210.6% in the second 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. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Trading Up 3.9%

Shares of NYSE NX opened at $16.02 on Tuesday. The company’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $17.85. Quanex Building Products Corporation has a fifty-two week low of $11.04 and a fifty-two week high of $22.98. The firm has a market capitalization of $735.57 million, a P/E ratio of -2.84, a P/E/G ratio of 0.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, June 4th. The construction company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. The business had revenue of $462.37 million for the quarter, compared to analyst estimates of $459.28 million. On average, analysts predict that Quanex Building Products Corporation will post 1.63 EPS for the current year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 15th. Quanex Building Products’s dividend payout ratio is currently -5.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. Zacks Research lowered 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 lowered shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One equities 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 a consensus rating of “Reduce” and an average price target of $28.00.

Quanex Building Products Company 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.