Quanex Building Products Co. (NYSE:NX) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in shares of Quanex Building Products Co. (NYSE:NX) by 391.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,794 shares of the construction company’s stock after buying an additional 66,742 shares during the quarter. Barclays PLC owned about 0.18% of Quanex Building Products worth $2,325,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NX. Bank of New York Mellon Corp boosted its stake in shares of Quanex Building Products by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 349,870 shares of the construction company’s stock valued at $9,674,000 after acquiring an additional 3,283 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Quanex Building Products by 30.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,146 shares of the construction company’s stock valued at $281,000 after purchasing an additional 2,374 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Quanex Building Products during the 2nd quarter worth about $46,000. nVerses Capital LLC grew its holdings in shares of Quanex Building Products by 900.0% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock worth $55,000 after buying an additional 1,800 shares in the last quarter. Finally, TD Asset Management Inc raised its position 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 last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Up 0.6 %

Shares of NX stock opened at $25.18 on Thursday. The firm’s 50-day simple moving average is $29.10 and its 200-day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. Quanex Building Products Co. has a 1-year low of $22.92 and a 1-year high of $39.31. The firm has a market cap of $1.19 billion, a P/E ratio of 22.48, a PEG ratio of 0.89 and a beta of 1.25.

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, topping analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, equities analysts forecast that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Quanex Building Products news, CEO George Laverne Wilson purchased 4,328 shares of Quanex Building Products stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, with a total value of $99,673.84. Following the completion of the transaction, the chief executive officer now directly owns 287,644 shares in the company, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.15% of the stock is currently owned by insiders.

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.