Quanex Building Products (NYSE:NX) Insider Teleios Capital Partners Gmbh Sells 80,515 Shares

Quanex Building Products Corporation (NYSE:NX) insider Teleios Capital Partners Gmbh sold 80,515 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $16.51, for a total value of $1,329,302.65. Following the transaction, the insider owned 4,541,364 shares of the company’s stock, valued at approximately $74,977,919.64. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Teleios Capital Partners Gmbh also recently made the following trade(s):

• On Wednesday, December 17th, Teleios Capital Partners Gmbh sold 119,485 shares of Quanex Building Products stock. The stock was sold at an average price of $15.94, for a total value of $1,904,590.90.

Quanex Building Products Stock Up 3.4%

Shares of NYSE:NX traded up $0.54 during mid-day trading on Thursday, reaching $16.41. 325,612 shares of the stock were exchanged, compared to its average volume of 550,202. The stock’s 50 day simple moving average is $13.81 and its 200-day simple moving average is $16.84. Quanex Building Products Corporation has a one year low of $11.04 and a one year high of $25.67. The company has a market cap of $749.44 million, a P/E ratio of -2.99, a P/E/G ratio of 0.55 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.92.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, December 11th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Quanex Building Products had a negative net margin of 13.65% and a positive return on equity of 12.46%. The company had revenue of $489.85 million during the quarter, compared to analysts’ expectations of $472.62 million. During the same period last year, the business earned $0.61 EPS. As a group, equities research analysts predict that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.32 annualized dividend and a yield of 2.0%. Quanex Building Products’s dividend payout ratio is -5.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Danske Bank A S bought a new stake in shares of Quanex Building Products during the 3rd quarter valued at approximately $26,000. CWM LLC raised its position in Quanex Building Products by 104.5% in the second quarter. CWM LLC now owns 1,468 shares of the construction company’s stock valued at $28,000 after purchasing an additional 750 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Quanex Building Products by 17,191.7% during the second quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2,063 shares in the last quarter. Quarry LP grew its holdings in shares of Quanex Building Products by 132.0% during the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock worth $53,000 after purchasing an additional 2,136 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Quanex Building Products in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Benchmark dropped their target price on shares of Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.00.

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.