Quanex Building Products Corporation $NX Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of Quanex Building Products Corporation (NYSE:NX) by 81.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,079 shares of the construction company’s stock after purchasing an additional 43,018 shares during the quarter. GSA Capital Partners LLP’s holdings in Quanex Building Products were worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Danske Bank A S acquired a new stake in shares of Quanex Building Products during the 3rd quarter worth about $26,000. Quarry LP increased its position in shares of Quanex Building Products by 132.0% during the 3rd 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. Tower Research Capital LLC TRC increased its position in shares of Quanex Building Products by 210.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock worth $97,000 after purchasing an additional 3,484 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Quanex Building Products by 91.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock worth $122,000 after purchasing an additional 3,084 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Quanex Building Products during the 2nd quarter worth about $198,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NX shares. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. Zacks Research downgraded Quanex Building Products from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $28.00.

Quanex Building Products Stock Performance

NYSE NX opened at $17.01 on Thursday. The company has a market cap of $781.04 million, a P/E ratio of -3.23, a P/E/G ratio of 0.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.31 and a quick ratio of 1.21. The stock has a 50-day moving average of $18.62 and a two-hundred day moving average of $17.42. Quanex Building Products Corporation has a 1-year low of $11.04 and a 1-year high of $22.98.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $409.09 million during the quarter, compared to the consensus estimate of $405.75 million. Quanex Building Products had a positive return on equity of 12.24% and a negative net margin of 13.00%. As a group, analysts anticipate that Quanex Building Products Corporation will post 1.63 EPS for the current year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 17th. Quanex Building Products’s payout ratio is currently -6.08%.

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.