Quanex Building Products Co. (NYSE:NX) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Quanex Building Products Co. (NYSE:NX) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 32,681 shares of the construction company’s stock after acquiring an additional 1,047 shares during the quarter. Victory Capital Management Inc.’s holdings in Quanex Building Products were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Quanex Building Products by 30.3% during the second quarter. FMR LLC now owns 2,237 shares of the construction company’s stock valued at $55,000 after purchasing an additional 520 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Quanex Building Products by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,712 shares of the construction company’s stock valued at $490,000 after purchasing an additional 682 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Quanex Building Products by 4.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,414 shares of the construction company’s stock valued at $383,000 after purchasing an additional 694 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Quanex Building Products by 3.2% during the second quarter. Cubist Systematic Strategies LLC now owns 28,699 shares of the construction company’s stock worth $713,000 after buying an additional 901 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Quanex Building Products by 6.6% during the third quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the construction company’s stock worth $347,000 after buying an additional 1,000 shares during the period. 97.42% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, December 22nd.

In related news, Director Jason Lippert purchased 3,447 shares of the company’s stock in a transaction on Monday, December 27th. The shares were bought at an average price of $24.53 per share, with a total value of $84,554.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Laverne Wilson purchased 4,021 shares of the company’s stock in a transaction on Monday, December 27th. The stock was bought at an average cost of $24.91 per share, for a total transaction of $100,163.11. The disclosure for this purchase can be found here. Insiders acquired 12,468 shares of company stock valued at $301,718 over the last 90 days. 3.43% of the stock is currently owned by insiders.

Shares of NYSE NX opened at $24.01 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.99 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $23.35 and a 200-day simple moving average of $23.19. The company has a market cap of $798.28 million, a PE ratio of 14.12 and a beta of 1.56. Quanex Building Products Co. has a 12-month low of $20.32 and a 12-month high of $29.02.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Thursday, December 16th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.09. The business had revenue of $291.77 million during the quarter, compared to the consensus estimate of $278.33 million. Quanex Building Products had a return on equity of 14.67% and a net margin of 5.31%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Sell-side analysts forecast that Quanex Building Products Co. will post 1.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Tuesday, December 21st were given a $0.08 dividend. The ex-dividend date was Monday, December 20th. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. Quanex Building Products’s dividend payout ratio (DPR) is 18.82%.

Quanex Building Products Profile

Quanex Building Products Corp. engages in the manufacture of components sold to original equipment manufacturers in the building products industry. It also designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components. The firm operates through the following segments: North American Engineered Components, European Engineered Components, North American Cabinet Components, Unallocated Corporate and Other.

Further Reading: Upside/Downside Explanation

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Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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