Quanex Building Products Corporation $NX Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lessened its position in shares of Quanex Building Products Corporation (NYSE:NX) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,844,405 shares of the construction company’s stock after selling 29,948 shares during the quarter. Deprince Race & Zollo Inc. owned 4.02% of Quanex Building Products worth $33,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NX. Danske Bank A S acquired a new stake in shares of Quanex Building Products during the third quarter worth about $26,000. Hantz Financial Services Inc. raised its position in Quanex Building Products by 199.9% during the 4th 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 during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Quanex Building Products during the 4th quarter worth approximately $35,000. Meeder Asset Management Inc. acquired a new stake in Quanex Building Products during the 4th quarter valued at approximately $42,000. Finally, Quarry LP lifted its stake in Quanex Building Products by 132.0% during 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 during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NX has been the subject of several recent research reports. Wall Street Zen cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. Finally, Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. One 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, Quanex Building Products currently has an average rating of “Reduce” and a consensus price target of $28.00.

Quanex Building Products Trading Down 2.9%

NX stock opened at $18.07 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 quick ratio of 1.23, a current ratio of 2.28 and a debt-to-equity ratio of 0.93. The firm has a market cap of $830.05 million, a P/E ratio of -3.21, a PEG ratio of 0.80 and a beta of 0.91. The company’s 50-day simple moving average is $18.20 and its 200-day simple moving average is $18.34.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results 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. The firm had revenue of $462.37 million during the quarter, compared to analyst estimates 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 analysts forecast that Quanex Building Products Corporation will post 1.66 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend 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.