26,614 Shares in Quanex Building Products Co. (NYSE:NX) Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in shares of Quanex Building Products Co. (NYSE:NX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,614 shares of the construction company’s stock, valued at approximately $1,023,000. Hillsdale Investment Management Inc. owned 0.08% of Quanex Building Products as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of Quanex Building Products by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company’s stock worth $598,000 after buying an additional 304 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Quanex Building Products by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 27,673 shares of the construction company’s stock worth $846,000 after purchasing an additional 354 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Quanex Building Products by 2.0% during the 4th quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company’s stock valued at $579,000 after purchasing an additional 373 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Quanex Building Products by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,972 shares of the construction company’s stock valued at $1,113,000 after purchasing an additional 477 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Quanex Building Products by 4.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,126 shares of the construction company’s stock worth $462,000 after purchasing an additional 641 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NX. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a report on Tuesday, April 23rd. StockNews.com cut Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Quanex Building Products Price Performance

Shares of Quanex Building Products stock traded up $0.02 on Monday, hitting $31.24. The company’s stock had a trading volume of 325,124 shares, compared to its average volume of 197,127. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.96 and a beta of 1.29. The firm has a fifty day moving average price of $30.07 and a 200-day moving average price of $32.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 2.22. Quanex Building Products Co. has a 1 year low of $24.97 and a 1 year high of $39.31.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Friday, June 7th. The construction company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.13. The firm had revenue of $266.20 million during the quarter, compared to the consensus estimate of $268.80 million. Quanex Building Products had a net margin of 7.33% and a return on equity of 16.55%. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, sell-side analysts anticipate that Quanex Building Products Co. will post 2.33 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, June 14th. Quanex Building Products’s dividend payout ratio (DPR) is 13.11%.

Quanex Building Products Company Profile

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.