CenterBook Partners LP Buys New Shares in Quanex Building Products Corporation $NX

CenterBook Partners LP acquired a new stake in shares of Quanex Building Products Corporation (NYSE:NX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,259 shares of the construction company’s stock, valued at approximately $516,000. CenterBook Partners LP owned approximately 0.08% of Quanex Building Products at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NX. CWM LLC lifted its stake in shares of Quanex Building Products by 104.5% in the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock valued at $28,000 after acquiring an additional 750 shares during the last quarter. Allworth Financial LP lifted its position in Quanex Building Products by 17,191.7% in the second quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2,063 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Quanex Building Products during the third quarter valued at approximately $72,000. Tower Research Capital LLC TRC grew its holdings in shares of Quanex Building Products by 210.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock worth $97,000 after purchasing an additional 3,484 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Quanex Building Products by 91.8% in the second quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock worth $122,000 after buying an additional 3,084 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a report on Thursday, January 22nd. Benchmark cut their price objective on Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, December 15th. Wall Street Zen upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Quanex Building Products presently has a consensus rating of “Reduce” and a consensus price target of $28.00.

Insider Transactions at Quanex Building Products

In related news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 4,421,879 shares in the company, valued at approximately $70,484,751.26. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.92% of the company’s stock.

Quanex Building Products Stock Up 1.9%

NX stock opened at $22.56 on Friday. The stock has a market capitalization of $1.04 billion, a P/E ratio of -4.11, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.04 and a quick ratio of 1.14. Quanex Building Products Corporation has a 1-year low of $11.04 and a 1-year high of $22.98. The business has a fifty day moving average price of $18.28 and a 200-day moving average price of $16.58.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 11th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Quanex Building Products had a positive return on equity of 12.46% and a negative net margin of 13.65%.The company had revenue of $489.85 million during the quarter, compared to the consensus estimate of $472.62 million. During the same period last year, the company earned $0.61 EPS. Equities analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. Quanex Building Products’s payout ratio is presently -5.83%.

Quanex Building Products 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.