Quanex Building Products Co. (NYSE:NX) Stock Position Raised by Amalgamated Bank

Amalgamated Bank grew its holdings in Quanex Building Products Co. (NYSE:NX) by 34.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,535 shares of the construction company’s stock after purchasing an additional 3,468 shares during the period. Amalgamated Bank’s holdings in Quanex Building Products were worth $376,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NX. Janney Montgomery Scott LLC raised its holdings in shares of Quanex Building Products by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company’s stock worth $598,000 after acquiring an additional 304 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after buying an additional 393 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Quanex Building Products by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 28,452 shares of the construction company’s stock worth $787,000 after buying an additional 474 shares during the last quarter. TD Asset Management Inc lifted its stake in Quanex Building Products by 3.4% in the second quarter. TD Asset Management Inc now owns 24,200 shares of the construction company’s stock valued at $669,000 after acquiring an additional 800 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Quanex Building Products by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 61,539 shares of the construction company’s stock worth $1,702,000 after acquiring an additional 1,000 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NX. StockNews.com raised shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Quanex Building Products Stock Performance

Shares of NYSE NX opened at $29.95 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 0.73 and a beta of 1.25. The business’s 50-day simple moving average is $28.74 and its 200-day simple moving average is $29.58. Quanex Building Products Co. has a 52 week low of $24.85 and a 52 week high of $39.31.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $280.35 million during the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period in the prior year, the firm earned $0.97 EPS. As a group, equities research analysts expect that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. Quanex Building Products’s payout ratio is presently 14.22%.

Quanex Building Products Company Profile

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.