GAMMA Investing LLC Buys 1,090 Shares of Quanex Building Products Co. (NYSE:NX)

GAMMA Investing LLC raised its stake in Quanex Building Products Co. (NYSE:NX) by 157.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,784 shares of the construction company’s stock after buying an additional 1,090 shares during the period. GAMMA Investing LLC’s holdings in Quanex Building Products were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Quanex Building Products by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after buying an additional 30,198 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in Quanex Building Products by 55.7% during the fourth quarter. Oliver Luxxe Assets LLC now owns 43,240 shares of the construction company’s stock valued at $1,322,000 after acquiring an additional 15,477 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Quanex Building Products during the fourth quarter worth approximately $303,000. Trexquant Investment LP lifted its holdings in shares of Quanex Building Products by 11.3% in the 4th quarter. Trexquant Investment LP now owns 11,808 shares of the construction company’s stock worth $361,000 after acquiring an additional 1,197 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Quanex Building Products in the 4th quarter valued at $611,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Down 0.6 %

Shares of Quanex Building Products stock opened at $28.70 on Monday. 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 52-week low of $24.97 and a 52-week high of $39.31. The company’s 50 day moving average price is $32.65 and its 200-day moving average price is $33.17. The stock has a market capitalization of $950.26 million, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.88 and a beta of 1.36.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Friday, June 7th. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The business had revenue of $266.20 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.66 EPS. Equities research analysts forecast that Quanex Building Products Co. will post 2.33 EPS for the current year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, June 14th. Quanex Building Products’s dividend payout ratio (DPR) is currently 13.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NX. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research report on Tuesday, April 23rd. StockNews.com downgraded Quanex Building Products from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Quanex Building Products 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.