GSA Capital Partners LLP Makes New $931,000 Investment in Quanex Building Products Corporation $NX

GSA Capital Partners LLP acquired a new stake in shares of Quanex Building Products Corporation (NYSE:NX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,978 shares of the construction company’s stock, valued at approximately $931,000.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of Quanex Building Products by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company’s stock worth $43,013,000 after buying an additional 166,518 shares during the period. Systematic Financial Management LP raised its holdings in shares of Quanex Building Products by 10.3% during the fourth quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company’s stock valued at $27,280,000 after acquiring an additional 165,424 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Quanex Building Products by 36.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company’s stock valued at $31,296,000 after acquiring an additional 462,992 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Quanex Building Products by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,099,557 shares of the construction company’s stock valued at $16,914,000 after acquiring an additional 4,976 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Quanex Building Products in the 1st quarter worth approximately $17,970,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NX has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.00.

Quanex Building Products Stock Down 3.5%

NX opened at $20.01 on Wednesday. The company has a market capitalization of $918.88 million, a PE ratio of -3.55, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23. Quanex Building Products Corporation has a fifty-two week low of $11.04 and a fifty-two week high of $22.98. The business has a 50-day moving average of $18.33 and a 200-day moving average of $18.83.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $462.37 million during the quarter, compared to analysts’ expectations of $459.27 million. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%. Equities research analysts forecast that Quanex Building Products Corporation will post 1.66 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, June 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. Quanex Building Products’s dividend payout ratio is -5.68%.

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.