Quanex Building Products (NYSE:NX) Sees Strong Trading Volume

Quanex Building Products Co. (NYSE:NX) saw unusually-high trading volume on Tuesday . Approximately 173,287 shares changed hands during trading, an increase of 11% from the previous session’s volume of 155,439 shares.The stock last traded at $34.31 and had previously closed at $33.69.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a research report on Tuesday.

Quanex Building Products Stock Performance

The stock has a market cap of $1.15 billion, a PE ratio of 12.98, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $35.63 and a 200 day moving average of $32.10.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, March 7th. The construction company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Quanex Building Products had a return on equity of 17.11% and a net margin of 7.84%. The firm had revenue of $239.16 million for the quarter, compared to the consensus estimate of $232.90 million. Equities analysts predict that Quanex Building Products Co. will post 2.4 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. Quanex Building Products’s dividend payout ratio is currently 12.17%.

Insider Buying and Selling at Quanex Building Products

In other Quanex Building Products news, SVP Paul Cornett sold 3,064 shares of Quanex Building Products stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $37.72, for a total value of $115,574.08. Following the sale, the senior vice president now owns 43,902 shares in the company, valued at $1,655,983.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On Quanex Building Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its position in Quanex Building Products by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 27,673 shares of the construction company’s stock valued at $846,000 after purchasing an additional 354 shares during the period. Ritholtz Wealth Management grew its stake in shares of Quanex Building Products by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company’s stock valued at $579,000 after buying an additional 373 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Quanex Building Products by 4.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,126 shares of the construction company’s stock valued at $462,000 after buying an additional 641 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of Quanex Building Products by 1.5% in the first quarter. Oliver Luxxe Assets LLC now owns 43,900 shares of the construction company’s stock valued at $1,687,000 after buying an additional 660 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Quanex Building Products by 157.1% in the first quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock valued at $69,000 after buying an additional 1,090 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

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.