Squarepoint Ops LLC Invests $419,000 in Quanex Building Products Co. (NYSE:NX)

Squarepoint Ops LLC bought a new position in Quanex Building Products Co. (NYSE:NX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,164 shares of the construction company’s stock, valued at approximately $419,000.

Other institutional investors have also recently made changes to their positions in the company. Hennessy Advisors Inc. bought a new position in shares of Quanex Building Products during the 2nd quarter worth $6,263,000. Pacer Advisors Inc. increased its holdings in Quanex Building Products by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company’s stock valued at $35,810,000 after purchasing an additional 165,121 shares during the period. American Century Companies Inc. lifted its holdings in Quanex Building Products by 13.5% in the second quarter. American Century Companies Inc. now owns 807,464 shares of the construction company’s stock worth $22,326,000 after buying an additional 96,095 shares during the period. Bank of Montreal Can boosted its position in Quanex Building Products by 512.1% during the 2nd quarter. Bank of Montreal Can now owns 69,679 shares of the construction company’s stock valued at $1,998,000 after acquiring an additional 58,295 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Quanex Building Products by 174.2% in the 2nd quarter. Victory Capital Management Inc. now owns 83,052 shares of the construction company’s stock worth $2,296,000 after acquiring an additional 52,767 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Down 1.1 %

NYSE:NX opened at $27.71 on Friday. The company has a 50 day simple moving average of $27.51 and a two-hundred day simple moving average of $30.77. The company has a market cap of $917.56 million, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. Quanex Building Products Co. has a 12 month low of $24.85 and a 12 month high of $39.31.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same quarter in the prior year, the company earned $0.97 earnings per share. Research analysts forecast that Quanex Building Products Co. will post 2.15 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. Quanex Building Products’s dividend payout ratio is currently 13.11%.

Analysts Set New Price Targets

Several research analysts recently issued reports on NX shares. Benchmark reissued a “buy” rating and set a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com raised Quanex Building Products from a “hold” rating to a “buy” rating in a report on Tuesday.

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.