First Eagle Investment Management LLC Has $5.80 Million Stock Position in Quanex Building Products Corporation $NX

First Eagle Investment Management LLC boosted its holdings in shares of Quanex Building Products Corporation (NYSE:NX) by 30.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407,687 shares of the construction company’s stock after purchasing an additional 94,619 shares during the period. First Eagle Investment Management LLC owned about 0.89% of Quanex Building Products worth $5,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NX. Royal Bank of Canada lifted its position in shares of Quanex Building Products by 22.6% during the 1st quarter. Royal Bank of Canada now owns 25,578 shares of the construction company’s stock worth $476,000 after buying an additional 4,720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Quanex Building Products by 9.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company’s stock worth $521,000 after acquiring an additional 2,347 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Quanex Building Products by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company’s stock worth $4,586,000 after acquiring an additional 49,895 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Quanex Building Products by 887.4% in the first quarter. Jane Street Group LLC now owns 84,957 shares of the construction company’s stock worth $1,579,000 after acquiring an additional 76,353 shares during the last quarter. Finally, CWM LLC boosted 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 purchasing an additional 750 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

Shares of Quanex Building Products stock opened at $19.60 on Thursday. The stock has a market cap of $900.42 million, a price-to-earnings ratio of -3.57, a P/E/G ratio of 0.66 and a beta of 0.91. Quanex Building Products Corporation has a twelve month low of $11.04 and a twelve month high of $22.98. The company’s fifty day moving average is $19.09 and its 200 day moving average is $16.60. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.92.

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, 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 business had revenue of $489.85 million during the quarter, compared to analyst estimates of $472.62 million. During the same period last year, the company earned $0.61 EPS. Sell-side analysts forecast that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.6%. Quanex Building Products’s dividend payout ratio is presently -5.83%.

Analyst Ratings Changes

NX has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Monday. Benchmark dropped their price target on Quanex Building Products from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.00.

Insiders Place Their Bets

In other news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the business’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 transaction, the insider owned 4,421,879 shares in the company, valued at approximately $70,484,751.26. The trade was a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.92% 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.