Teleios Capital Partners Gmbh Sells 80,515 Shares of Quanex Building Products (NYSE:NX) Stock

Quanex Building Products Corporation (NYSE:NX) insider Teleios Capital Partners Gmbh sold 80,515 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $16.51, for a total value of $1,329,302.65. Following the sale, the insider directly owned 4,541,364 shares in the company, valued at $74,977,919.64. The trade was a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, December 17th, Teleios Capital Partners Gmbh sold 119,485 shares of Quanex Building Products stock. The shares were sold at an average price of $15.94, for a total value of $1,904,590.90.

Quanex Building Products Stock Down 5.0%

Shares of Quanex Building Products stock opened at $15.44 on Friday. Quanex Building Products Corporation has a 1 year low of $11.04 and a 1 year high of $25.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.04 and a quick ratio of 1.14. The company has a market capitalization of $705.14 million, a P/E ratio of -2.81, a price-to-earnings-growth ratio of 0.55 and a beta of 0.97. The business has a 50-day moving average of $13.90 and a two-hundred day moving average of $16.83.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data 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. The business had revenue of $489.85 million during the quarter, compared to analyst estimates of $472.62 million. Quanex Building Products had a positive return on equity of 12.46% and a negative net margin of 13.65%.During the same period in the previous year, the firm earned $0.61 EPS. As a group, equities analysts predict that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. Quanex Building Products’s dividend payout ratio is currently -5.83%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Quanex Building Products

Hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC increased its position in shares of Quanex Building Products by 5.6% in the second quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company’s stock valued at $218,000 after acquiring an additional 614 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Quanex Building Products by 3.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,136 shares of the construction company’s stock worth $418,000 after purchasing an additional 698 shares during the last quarter. CWM LLC raised its stake in shares of Quanex Building Products by 104.5% during the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after purchasing an additional 750 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Quanex Building Products by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company’s stock valued at $345,000 after buying an additional 754 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Quanex Building Products by 6.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,061 shares of the construction company’s stock valued at $228,000 after buying an additional 764 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Company Profile

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.