Insider Buying: Quanex Building Products Co. (NYSE:NX) CEO Acquires 4,328 Shares of Stock

Quanex Building Products Co. (NYSE:NX) CEO George Laverne Wilson acquired 4,328 shares of the stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Quanex Building Products Stock Down 5.5 %

NX stock traded down $1.35 during trading on Thursday, reaching $23.13. The stock had a trading volume of 982,985 shares, compared to its average volume of 368,813. Quanex Building Products Co. has a one year low of $22.92 and a one year high of $39.31. The company’s 50 day moving average is $29.52 and its two-hundred day moving average is $28.89. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 0.89 and a beta of 1.24.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping 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 last year, the company earned $0.95 EPS. Equities research analysts forecast that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NX. StockNews.com lowered shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Institutional Investors Weigh In On Quanex Building Products

Several large investors have recently modified their holdings of NX. GAMMA Investing LLC raised its stake in Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after acquiring an additional 393 shares during the period. Quarry LP lifted its stake in shares of Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after buying an additional 677 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Quanex Building Products in the 3rd quarter worth approximately $37,000. Public Employees Retirement System of Ohio grew its stake in Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after buying an additional 605 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Quanex Building Products during the second quarter worth $46,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

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.