LSV Asset Management Purchases 177,900 Shares of Quanex Building Products Corporation $NX

LSV Asset Management boosted its position in Quanex Building Products Corporation (NYSE:NX) by 658.9% in 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 204,900 shares of the construction company’s stock after buying an additional 177,900 shares during the quarter. LSV Asset Management’s holdings in Quanex Building Products were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its holdings in shares of Quanex Building Products by 5.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company’s stock worth $218,000 after acquiring an additional 614 shares during the last quarter. CWM LLC lifted its stake in Quanex Building Products by 104.5% in the second quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after purchasing an additional 750 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Quanex Building Products by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company’s stock worth $345,000 after purchasing an additional 754 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Quanex Building Products by 6.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,061 shares of the construction company’s stock valued at $228,000 after buying an additional 764 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Quanex Building Products by 6.1% during the second quarter. Bank of Montreal Can now owns 13,803 shares of the construction company’s stock valued at $261,000 after buying an additional 799 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Price Performance

NX opened at $22.08 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 2.04. The stock has a market capitalization of $1.01 billion, a PE ratio of -4.02, a price-to-earnings-growth ratio of 0.75 and a beta of 0.94. The stock’s 50 day moving average price is $17.70 and its 200-day moving average price is $16.48. Quanex Building Products Corporation has a 52-week low of $11.04 and a 52-week high of $23.72.

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

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. Quanex Building Products’s dividend payout ratio is presently -5.83%.

Insider Buying and Selling

In other Quanex Building Products news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $15.94, for a total transaction of $1,904,590.90. Following the transaction, the insider owned 4,421,879 shares in the company, valued at approximately $70,484,751.26. This represents a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research cut Quanex Building Products from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Benchmark lowered their price target on shares of Quanex Building Products from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $28.00.

Quanex Building Products Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.