Farther Finance Advisors LLC Has $59,000 Position in Quanex Building Products Co. (NYSE:NX)

Farther Finance Advisors LLC grew its holdings in Quanex Building Products Co. (NYSE:NX) by 10,450.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,110 shares of the construction company’s stock after purchasing an additional 2,090 shares during the quarter. Farther Finance Advisors LLC’s holdings in Quanex Building Products were worth $59,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of Quanex Building Products by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company’s stock valued at $598,000 after buying an additional 304 shares during the period. GAMMA Investing LLC lifted its stake in shares of Quanex Building Products by 65.4% in the third quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after buying an additional 393 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Quanex Building Products by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 28,452 shares of the construction company’s stock valued at $787,000 after buying an additional 474 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Quanex Building Products by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 28,972 shares of the construction company’s stock valued at $1,113,000 after buying an additional 477 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Quanex Building Products by 3.4% in the second quarter. TD Asset Management Inc now owns 24,200 shares of the construction company’s stock valued at $669,000 after buying an additional 800 shares during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Up 0.3 %

Shares of NX opened at $30.72 on Thursday. Quanex Building Products Co. has a 12 month low of $24.85 and a 12 month high of $39.31. The company has a 50-day moving average price of $28.64 and a two-hundred day moving average price of $29.65. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.75 and a beta of 1.25.

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

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently 14.22%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Benchmark restated a “buy” rating and set a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th.

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.