Quanex Building Products Co. (NYSE:NX) CFO Buys $10,048.50 in Stock

Quanex Building Products Co. (NYSE:NX) CFO Scott M. Zuehlke bought 435 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $23.10 per share, with a total value of $10,048.50. Following the acquisition, the chief financial officer now owns 74,297 shares in the company, valued at approximately $1,716,260.70. This represents a 0.59 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Quanex Building Products Trading Down 5.5 %

NX stock traded down $1.35 during trading on Thursday, hitting $23.13. The company had a trading volume of 982,985 shares, compared to its average volume of 368,813. The stock has a market cap of $1.09 billion, a PE ratio of 20.65, a PEG ratio of 0.89 and a beta of 1.24. The business has a 50-day moving average of $29.52 and a 200-day moving average of $28.89. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. Quanex Building Products Co. has a one year low of $22.92 and a one year high of $39.31.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same period last year, the company posted $0.95 EPS. Research analysts predict that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. Quanex Building Products’s payout ratio is 28.57%.

Institutional Investors Weigh In On Quanex Building Products

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Quanex Building Products by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $28,000 after purchasing an additional 393 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after acquiring an additional 605 shares in the last quarter. Quarry LP boosted its holdings in Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after acquiring an additional 677 shares in the last quarter. TD Asset Management Inc grew its stake in Quanex Building Products by 3.4% in the second quarter. TD Asset Management Inc now owns 24,200 shares of the construction company’s stock valued at $669,000 after acquiring an additional 800 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Quanex Building Products by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 17,318 shares of the construction company’s stock valued at $479,000 after acquiring an additional 1,038 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NX. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com downgraded shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th.

About Quanex Building Products

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.