GSA Capital Partners LLP Increases Stock Holdings in Quanex Building Products Corporation $NX

GSA Capital Partners LLP raised its position in Quanex Building Products Corporation (NYSE:NX) by 81.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 96,079 shares of the construction company’s stock after purchasing an additional 43,018 shares during the period. GSA Capital Partners LLP owned 0.21% of Quanex Building Products worth $1,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in Quanex Building Products by 658.9% in the 3rd quarter. LSV Asset Management now owns 204,900 shares of the construction company’s stock valued at $2,914,000 after purchasing an additional 177,900 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Quanex Building Products by 30.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 407,687 shares of the construction company’s stock valued at $5,797,000 after purchasing an additional 94,619 shares in the last quarter. Villanova Investment Management Co LLC lifted its holdings in Quanex Building Products by 105.8% in the 3rd quarter. Villanova Investment Management Co LLC now owns 144,059 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 74,074 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Quanex Building Products in the 3rd quarter valued at $2,440,000. Finally, Medina Value Partners LLC purchased a new position in Quanex Building Products in the 3rd quarter valued at $4,602,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Up 3.0%

NYSE NX opened at $17.01 on Thursday. Quanex Building Products Corporation has a 52 week low of $11.04 and a 52 week high of $22.98. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $18.62 and its 200-day simple moving average is $17.42. The firm has a market cap of $781.04 million, a PE ratio of -3.23, a P/E/G ratio of 0.72 and a beta of 0.95.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, March 5th. The construction company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. Quanex Building Products had a positive return on equity of 12.24% and a negative net margin of 13.00%.The business had revenue of $409.09 million for the quarter, compared to analyst estimates of $405.75 million. As a group, equities analysts anticipate that Quanex Building Products Corporation will post 1.63 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 17th. Quanex Building Products’s payout ratio is currently -6.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NX shares. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a report on Tuesday, April 21st. Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, Wall Street Zen lowered Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $28.00.

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.