nVerses Capital LLC Buys 1,100 Shares of Quanex Building Products Co. (NYSE:NX)

nVerses Capital LLC raised its stake in shares of Quanex Building Products Co. (NYSE:NX) by 55.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100 shares of the construction company’s stock after buying an additional 1,100 shares during the period. nVerses Capital LLC’s holdings in Quanex Building Products were worth $86,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NX. Vanguard Group Inc. raised its holdings in Quanex Building Products by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after buying an additional 30,198 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Quanex Building Products by 157.1% in the first quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,090 shares during the period. Oliver Luxxe Assets LLC increased its stake in shares of Quanex Building Products by 1.5% in the first quarter. Oliver Luxxe Assets LLC now owns 43,900 shares of the construction company’s stock worth $1,687,000 after purchasing an additional 660 shares during the period. Principal Financial Group Inc. increased its stake in shares of Quanex Building Products by 4.8% in the first quarter. Principal Financial Group Inc. now owns 180,101 shares of the construction company’s stock worth $6,921,000 after purchasing an additional 8,172 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Quanex Building Products by 13.7% in the first quarter. BNP Paribas Financial Markets now owns 20,577 shares of the construction company’s stock worth $791,000 after purchasing an additional 2,480 shares during the period. 97.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Quanex Building Products Trading Up 1.1 %

Shares of NX opened at $30.59 on Monday. Quanex Building Products Co. has a 12-month low of $24.85 and a 12-month high of $39.31. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.02 and a beta of 1.26. The stock’s 50-day moving average price is $27.69 and its 200 day moving average price is $30.38.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, research analysts predict that Quanex Building Products Co. will post 2.15 earnings per share for the current year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, September 16th. Quanex Building Products’s payout ratio is currently 14.22%.

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.