Quanex Building Products Co. (NYSE:NX) CFO Scott M. Zuehlke Acquires 435 Shares

Quanex Building Products Co. (NYSE:NX) CFO Scott M. Zuehlke bought 435 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $23.10 per share, for a total transaction of $10,048.50. Following the transaction, the chief financial officer now directly owns 74,297 shares of the company’s stock, valued at $1,716,260.70. The trade was a 0.59 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Quanex Building Products Stock Up 8.5 %

NYSE NX opened at $25.10 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.89 and a beta of 1.24. Quanex Building Products Co. has a 1-year low of $22.92 and a 1-year high of $39.31. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $29.36 and a 200-day moving average of $28.80.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, equities research analysts expect that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Hedge Funds Weigh In On Quanex Building Products

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Quanex Building Products by 38.7% in the third quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after acquiring an additional 32,158 shares during the last quarter. Susquehanna International Group Ltd. acquired a new stake in shares of Quanex Building Products in the 2nd quarter valued at $611,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Quanex Building Products by 292.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after purchasing an additional 61,444 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Quanex Building Products by 5.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company’s stock worth $10,143,000 after buying an additional 19,361 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Quanex Building Products by 26.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company’s stock worth $18,572,000 after buying an additional 139,208 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

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.