Quanex Building Products Co. (NYSE:NX) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 80.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,280 shares of the construction company’s stock after acquiring an additional 10,390 shares during the period. XTX Topco Ltd’s holdings in Quanex Building Products were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Artemis Investment Management LLP acquired a new stake in Quanex Building Products in the 3rd quarter worth about $15,343,000. State Street Corp boosted its holdings in Quanex Building Products by 28.1% in the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock worth $44,530,000 after buying an additional 351,778 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Quanex Building Products in the 2nd quarter worth about $6,263,000. Janus Henderson Group PLC boosted its holdings in Quanex Building Products by 318.9% in the 3rd quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company’s stock worth $6,447,000 after buying an additional 176,949 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Quanex Building Products in the 3rd quarter worth about $4,766,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on NX. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com raised shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Quanex Building Products Trading Down 1.5 %

NX opened at $28.91 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The company’s 50 day simple moving average is $29.60 and its two-hundred day simple moving average is $29.06. Quanex Building Products Co. has a 1-year low of $24.85 and a 1-year high of $39.31.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same quarter last year, the firm posted $0.95 EPS. Analysts expect that Quanex Building Products Co. will post 2.1 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s payout ratio is presently 14.22%.

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.