Oliver Luxxe Assets LLC Acquires 660 Shares of Quanex Building Products Co. (NYSE:NX)

Oliver Luxxe Assets LLC grew its holdings in Quanex Building Products Co. (NYSE:NX) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,900 shares of the construction company’s stock after acquiring an additional 660 shares during the quarter. Oliver Luxxe Assets LLC owned 0.13% of Quanex Building Products worth $1,687,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC raised its holdings in Quanex Building Products by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,673 shares of the construction company’s stock worth $846,000 after buying an additional 354 shares during the period. Ritholtz Wealth Management lifted its position in Quanex Building Products by 2.0% in the 4th quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company’s stock valued at $579,000 after acquiring an additional 373 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Quanex Building Products by 4.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,126 shares of the construction company’s stock worth $462,000 after purchasing an additional 641 shares during the period. GAMMA Investing LLC increased its holdings in Quanex Building Products by 157.1% during the 1st 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 in the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of Quanex Building Products by 11.3% in the fourth quarter. Trexquant Investment LP now owns 11,808 shares of the construction company’s stock valued at $361,000 after purchasing an additional 1,197 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Down 2.9 %

NX traded down $0.79 on Monday, hitting $26.86. 100,583 shares of the company were exchanged, compared to its average volume of 180,645. The company has a market cap of $889.33 million, a PE ratio of 11.12, a PEG ratio of 0.85 and a beta of 1.29. Quanex Building Products Co. has a 12 month low of $24.97 and a 12 month high of $39.31. The stock’s fifty day moving average is $31.97 and its 200-day moving average is $33.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 2.22.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Friday, June 7th. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. The firm had revenue of $266.20 million for the quarter, compared to analyst estimates of $268.80 million. Quanex Building Products had a net margin of 7.33% and a return on equity of 16.55%. During the same period in the prior year, the firm posted $0.66 earnings per share. Equities research analysts predict that Quanex Building Products Co. will post 2.33 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 1.19%. Quanex Building Products’s dividend payout ratio is 13.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Benchmark restated a “buy” rating and set a $38.00 target price on shares of Quanex Building Products in a report on Tuesday, April 23rd.

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.