Quanex Building Products Co. (NYSE:NX) Stake Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Quanex Building Products Co. (NYSE:NX) by 34.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,768 shares of the construction company’s stock after acquiring an additional 15,961 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Quanex Building Products worth $1,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new position in shares of Quanex Building Products during the 3rd quarter valued at about $15,343,000. Hennessy Advisors Inc. acquired a new position in Quanex Building Products in the second quarter worth approximately $6,263,000. Pacer Advisors Inc. increased its holdings in shares of Quanex Building Products by 14.6% in the second quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company’s stock valued at $35,810,000 after buying an additional 165,121 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Quanex Building Products by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company’s stock valued at $92,902,000 after acquiring an additional 147,444 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Quanex Building Products by 26.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company’s stock worth $18,572,000 after acquiring an additional 139,208 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Down 1.3 %

NYSE NX opened at $27.77 on Tuesday. The firm’s 50 day moving average price is $29.62 and its two-hundred day moving average price is $28.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. Quanex Building Products Co. has a twelve month low of $24.85 and a twelve month high of $39.31. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 0.89 and a beta of 1.24.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same quarter last year, the business earned $0.95 EPS. Equities analysts anticipate that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 1.15%. Quanex Building Products’s dividend payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NX. StockNews.com lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday. Benchmark restated a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a report on Wednesday, September 11th.

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.