Quanex Building Products Co. (NYSE:NX) CFO Scott M. Zuehlke Buys 435 Shares

Quanex Building Products Co. (NYSE:NX) CFO Scott M. Zuehlke purchased 435 shares of Quanex Building Products stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $23.10 per share, with a total value of $10,048.50. Following the transaction, the chief financial officer now owns 74,297 shares in the company, valued at $1,716,260.70. The trade was a 0.59 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Quanex Building Products Trading Down 5.5 %

Shares of NX stock opened at $23.13 on Friday. The business’s fifty day moving average price is $29.43 and its 200 day moving average price is $28.85. The firm has a market capitalization of $1.09 billion, a PE ratio of 20.65, a P/E/G ratio of 0.89 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. Quanex Building Products Co. has a 1-year low of $22.92 and a 1-year high of $39.31.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping 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 quarter in the prior year, the company earned $0.95 EPS. As a group, sell-side analysts forecast that Quanex Building Products Co. will post 2.26 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.38%. Quanex Building Products’s payout ratio is 28.57%.

Wall Street Analyst Weigh In

NX has been the topic of a number of research reports. Benchmark reissued a “buy” rating and set a $38.00 price target on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com lowered Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NX. Principal Financial Group Inc. grew its stake in Quanex Building Products by 28.8% in the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock valued at $6,175,000 after acquiring an additional 49,716 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Quanex Building Products by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock worth $562,000 after purchasing an additional 1,150 shares during the last quarter. Geode Capital Management LLC lifted its stake in Quanex Building Products by 37.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after buying an additional 286,128 shares in the last quarter. Vestcor Inc increased its position in Quanex Building Products by 720.3% during the third quarter. Vestcor Inc now owns 19,360 shares of the construction company’s stock worth $537,000 after buying an additional 17,000 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Quanex Building Products by 391.4% in the third quarter. Barclays PLC now owns 83,794 shares of the construction company’s stock valued at $2,325,000 after acquiring an additional 66,742 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

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.