BNP Paribas Financial Markets Boosts Stock Position in Quanex Building Products Co. (NYSE:NX)

BNP Paribas Financial Markets boosted its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 22.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,569 shares of the construction company’s stock after purchasing an additional 3,971 shares during the period. BNP Paribas Financial Markets’ holdings in Quanex Building Products were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NX. Victory Capital Management Inc. increased its holdings in shares of Quanex Building Products by 38.7% during the third quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after acquiring an additional 32,158 shares in the last quarter. Susquehanna International Group Ltd. purchased a new stake in Quanex Building Products during the 2nd quarter valued at about $611,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Quanex Building Products by 292.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after purchasing an additional 61,444 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Quanex Building Products by 5.6% in the third quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company’s stock worth $10,143,000 after buying an additional 19,361 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Quanex Building Products by 26.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company’s stock worth $18,572,000 after buying an additional 139,208 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Down 1.5 %

Shares of NX opened at $28.91 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.91 and a beta of 1.24. The company has a 50-day moving average of $29.60 and a 200 day moving average of $29.06. Quanex Building Products Co. has a 1-year low of $24.85 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period last year, the firm earned $0.95 earnings per share. On average, research analysts expect that Quanex Building Products Co. will post 2.1 EPS for the current year.

Quanex Building Products Announces Dividend

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 issued 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 dividend yield of 1.11%. Quanex Building Products’s payout ratio is currently 14.22%.

Analysts Set New Price Targets

NX has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com raised shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

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.