Victory Capital Management Inc. Purchases 32,158 Shares of Quanex Building Products Co. (NYSE:NX)

Victory Capital Management Inc. increased its position in shares of Quanex Building Products Co. (NYSE:NX) by 38.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,210 shares of the construction company’s stock after purchasing an additional 32,158 shares during the period. Victory Capital Management Inc. owned 0.24% of Quanex Building Products worth $3,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NX. State of New Jersey Common Pension Fund D increased its holdings in Quanex Building Products by 22.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 69,211 shares of the construction company’s stock valued at $1,921,000 after acquiring an additional 12,895 shares during the last quarter. Principal Financial Group Inc. increased its holdings 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. Amalgamated Bank increased its holdings in Quanex Building Products by 34.4% in the 3rd quarter. Amalgamated Bank now owns 13,535 shares of the construction company’s stock valued at $376,000 after acquiring an additional 3,468 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Quanex Building Products by 10,450.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 2,090 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Quanex Building Products by 4.1% in the 3rd quarter. New York State Teachers Retirement System now owns 71,396 shares of the construction company’s stock valued at $1,981,000 after acquiring an additional 2,841 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NX has been the topic of a number of research reports. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com raised shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th.

Quanex Building Products Stock Performance

Shares of NYSE:NX opened at $30.88 on Friday. Quanex Building Products Co. has a 52 week low of $24.85 and a 52 week high of $39.31. The stock has a market capitalization of $1.46 billion, a P/E ratio of 13.72, a PEG ratio of 0.73 and a beta of 1.25. The firm has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $29.45. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $280.35 million during the quarter, compared to analysts’ expectations of $278.00 million. During the same period in the previous year, the company earned $0.97 EPS. On average, analysts expect that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

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

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.