Teleios Capital Partners Gmbh Sells 119,485 Shares of Quanex Building Products (NYSE:NX) Stock

Quanex Building Products Corporation (NYSE:NX) insider Teleios Capital Partners Gmbh sold 119,485 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $15.94, for a total value of $1,904,590.90. Following the completion of the transaction, the insider directly owned 4,421,879 shares in the company, valued at approximately $70,484,751.26. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Teleios Capital Partners Gmbh also recently made the following trade(s):

• On Tuesday, December 16th, Teleios Capital Partners Gmbh sold 80,515 shares of Quanex Building Products stock. The shares were sold at an average price of $16.51, for a total value of $1,329,302.65.

Quanex Building Products Price Performance

NYSE NX opened at $15.44 on Friday. The company has a 50-day moving average price of $13.90 and a 200-day moving average price of $16.83. Quanex Building Products Corporation has a 52 week low of $11.04 and a 52 week high of $25.67. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $705.14 million, a P/E ratio of -2.81, a PEG ratio of 0.55 and a beta of 0.97.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, December 11th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Quanex Building Products had a negative net margin of 13.65% and a positive return on equity of 12.46%. The company had revenue of $489.85 million during the quarter, compared to analyst estimates of $472.62 million. During the same period in the previous year, the business posted $0.61 earnings per share. Equities research analysts anticipate that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. Quanex Building Products’s dividend payout ratio (DPR) is currently -5.83%.

Analysts Set New Price Targets

A number of brokerages have commented on NX. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a research report on Wednesday, October 8th. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Benchmark lowered their price target on shares of Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in Quanex Building Products by 1.5% in the first quarter. Northern Trust Corp now owns 497,810 shares of the construction company’s stock worth $9,254,000 after purchasing an additional 7,564 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Quanex Building Products by 25.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,060 shares of the construction company’s stock worth $379,000 after buying an additional 4,009 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Quanex Building Products by 62.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,242 shares of the construction company’s stock worth $80,000 after buying an additional 1,624 shares during the last quarter. Bastion Asset Management Inc. raised its position in shares of Quanex Building Products by 161.3% during the 2nd quarter. Bastion Asset Management Inc. now owns 314,601 shares of the construction company’s stock valued at $6,093,000 after buying an additional 194,205 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Quanex Building Products in the 2nd quarter valued at about $455,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

About Quanex Building Products

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.