Inspire Investing LLC Acquires 3,330 Shares of Quanex Building Products Co. (NYSE:NX)

Inspire Investing LLC boosted its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 35.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,685 shares of the construction company’s stock after buying an additional 3,330 shares during the period. Inspire Investing LLC’s holdings in Quanex Building Products were worth $351,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Quanex Building Products during the second quarter worth about $356,000. Renaissance Technologies LLC lifted its stake in Quanex Building Products by 0.3% during the second quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company’s stock worth $32,058,000 after purchasing an additional 3,400 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Quanex Building Products by 21.6% during the second quarter. WINTON GROUP Ltd now owns 31,803 shares of the construction company’s stock worth $879,000 after purchasing an additional 5,649 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Quanex Building Products during the second quarter worth about $101,000. Finally, American Century Companies Inc. lifted its stake in Quanex Building Products by 13.5% during the second quarter. American Century Companies Inc. now owns 807,464 shares of the construction company’s stock worth $22,326,000 after purchasing an additional 96,095 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NX shares. Benchmark reiterated a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th.

Quanex Building Products Stock Down 2.0 %

NX opened at $27.64 on Tuesday. The company has a market cap of $915.24 million, a P/E ratio of 11.33, a P/E/G ratio of 0.92 and a beta of 1.27. The business’s 50-day moving average price is $28.78 and its 200-day moving average price is $31.49. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. Quanex Building Products Co. has a 12 month low of $24.85 and a 12 month high of $39.31.

Quanex Building Products (NYSE:NX) last announced its quarterly 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 return on equity of 14.68% and a net margin of 6.88%. The company had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. During the same quarter in the previous year, the business earned $0.97 EPS. On average, equities analysts expect that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. Quanex Building Products’s dividend payout ratio is presently 13.11%.

Quanex Building Products Company 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.