Quanex Building Products Corporation $NX Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 77.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 390,870 shares of the construction company’s stock after acquiring an additional 170,892 shares during the quarter. Sei Investments Co.’s holdings in Quanex Building Products were worth $7,024,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Danske Bank A S purchased a new stake in shares of Quanex Building Products during the third quarter worth about $26,000. Hantz Financial Services Inc. lifted its stake in Quanex Building Products by 199.9% in the 4th quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock valued at $33,000 after buying an additional 1,415 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Quanex Building Products in the 4th quarter worth about $35,000. Meeder Asset Management Inc. acquired a new stake in Quanex Building Products in the 4th quarter worth about $42,000. Finally, Quarry LP increased its stake in Quanex Building Products by 132.0% during the 3rd quarter. Quarry LP now owns 3,754 shares of the construction company’s stock worth $53,000 after buying an additional 2,136 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $19.23 on Tuesday. The firm has a 50-day simple moving average of $17.60 and a 200-day simple moving average of $18.64. The stock has a market capitalization of $883.28 million, a price-to-earnings ratio of -3.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. The company has a quick ratio of 1.23, a current ratio of 2.28 and a debt-to-equity ratio of 0.93. Quanex Building Products Corporation has a 52 week low of $11.04 and a 52 week high of $22.98.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $462.37 million for the quarter, compared to the consensus estimate of $459.27 million. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. On average, equities analysts predict that Quanex Building Products Corporation will post 1.66 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. Quanex Building Products’s dividend payout ratio (DPR) is -5.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NX shares. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a report on Friday, July 17th. Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

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.