BNP Paribas Financial Markets Buys 1,478 Shares of Quanex Building Products Co. (NYSE:NX)

BNP Paribas Financial Markets boosted its stake in shares of Quanex Building Products Co. (NYSE:NXFree Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,097 shares of the construction company’s stock after acquiring an additional 1,478 shares during the period. BNP Paribas Financial Markets owned 0.05% of Quanex Building Products worth $553,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Quanex Building Products in the 3rd quarter valued at $67,000. Quantbot Technologies LP bought a new position in shares of Quanex Building Products in the 3rd quarter valued at $83,000. Acadian Asset Management LLC bought a new position in shares of Quanex Building Products in the 3rd quarter valued at $112,000. Rafferty Asset Management LLC bought a new position in shares of Quanex Building Products in the 3rd quarter valued at $224,000. Finally, Quadrature Capital Ltd bought a new position in shares of Quanex Building Products in the 3rd quarter valued at $230,000. Institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Tuesday, April 23rd.

View Our Latest Stock Analysis on NX

Insider Activity at Quanex Building Products

In other Quanex Building Products news, SVP Paul Cornett sold 3,064 shares of Quanex Building Products stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $37.72, for a total transaction of $115,574.08. Following the transaction, the senior vice president now directly owns 43,902 shares of the company’s stock, valued at approximately $1,655,983.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is currently owned by company insiders.

Quanex Building Products Trading Up 2.5 %

NYSE NX opened at $32.96 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 0.11. Quanex Building Products Co. has a twelve month low of $20.56 and a twelve month high of $39.31. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38. The business’s fifty day moving average is $34.98 and its 200 day moving average is $33.25.

Quanex Building Products (NYSE:NXGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The construction company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Quanex Building Products had a return on equity of 17.11% and a net margin of 7.84%. The company had revenue of $239.16 million for the quarter, compared to the consensus estimate of $232.90 million. As a group, sell-side analysts expect that Quanex Building Products Co. will post 2.4 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, June 14th. Quanex Building Products’s dividend payout ratio (DPR) is 12.17%.

Quanex Building Products Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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