Lazard Asset Management LLC lifted its position in shares of Quanex Building Products Co. (NYSE:NX – Get Rating) by 136.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,190 shares of the construction company’s stock after purchasing an additional 7,036 shares during the period. Lazard Asset Management LLC’s holdings in Quanex Building Products were worth $277,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in NX. Captrust Financial Advisors increased its position in shares of Quanex Building Products by 63.1% during the first quarter. Captrust Financial Advisors now owns 2,316 shares of the construction company’s stock worth $49,000 after purchasing an additional 896 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Quanex Building Products during the first quarter worth about $205,000. Arizona State Retirement System purchased a new position in shares of Quanex Building Products during the second quarter worth about $206,000. Commonwealth Equity Services LLC purchased a new position in shares of Quanex Building Products during the second quarter worth about $230,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Quanex Building Products during the second quarter worth about $233,000. Institutional investors and hedge funds own 97.68% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Quanex Building Products from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 10th.
Quanex Building Products Stock Performance
Quanex Building Products (NYSE:NX – Get Rating) last released its quarterly earnings results on Thursday, September 1st. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.17. Quanex Building Products had a return on equity of 19.60% and a net margin of 7.01%. The firm had revenue of $324.04 million for the quarter, compared to analyst estimates of $301.10 million. During the same quarter last year, the company posted $0.42 earnings per share. On average, equities research analysts expect that Quanex Building Products Co. will post 2.49 earnings per share for the current year.
Quanex Building Products Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, September 15th. Quanex Building Products’s dividend payout ratio is presently 12.60%.
Quanex Building Products Company Profile
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.
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