Quanex Building Products Co. (NYSE:NX) Shares Acquired by EMC Capital Management

EMC Capital Management lifted its position in Quanex Building Products Co. (NYSE:NX) by 96.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,448 shares of the construction company’s stock after purchasing an additional 4,634 shares during the quarter. EMC Capital Management’s holdings in Quanex Building Products were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in Quanex Building Products during the 4th quarter worth approximately $25,380,000. KBC Group NV raised its holdings in Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,169 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Quanex Building Products by 11.6% during the 4th quarter. Inspire Investing LLC now owns 16,582 shares of the construction company’s stock worth $402,000 after purchasing an additional 1,720 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Quanex Building Products by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 272,618 shares of the construction company’s stock valued at $6,608,000 after buying an additional 17,400 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Quanex Building Products by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company’s stock valued at $8,826,000 after purchasing an additional 74,396 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Insider Buying and Selling at Quanex Building Products

In related news, CEO George Laverne Wilson bought 4,328 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Sunday, December 22nd.

Quanex Building Products Stock Down 1.2 %

NX stock opened at $21.67 on Friday. Quanex Building Products Co. has a 12-month low of $21.48 and a 12-month high of $39.31. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.69 and a beta of 1.30. The company has a 50 day moving average of $25.63 and a two-hundred day moving average of $27.80.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same quarter last year, the business posted $0.95 EPS. On average, equities analysts anticipate that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

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.