50,011 Shares in Quanex Building Products Corporation (NX) Acquired by Ativo Capital Management LLC

Ativo Capital Management LLC bought a new stake in shares of Quanex Building Products Corporation (NYSE:NX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 50,011 shares of the construction company’s stock, valued at approximately $1,013,000. Ativo Capital Management LLC owned approximately 0.15% of Quanex Building Products Corporation at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its stake in shares of Quanex Building Products Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the construction company’s stock valued at $284,000 after buying an additional 200 shares during the period. Norges Bank acquired a new stake in Quanex Building Products Corporation during the fourth quarter worth $9,480,000. Thrivent Financial for Lutherans increased its stake in Quanex Building Products Corporation by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 77,945 shares of the construction company’s stock worth $1,583,000 after buying an additional 860 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Quanex Building Products Corporation during the fourth quarter worth about $1,641,000. Finally, Tudor Investment Corp Et Al boosted its position in shares of Quanex Building Products Corporation by 8.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 23,171 shares of the construction company’s stock worth $470,000 after buying an additional 1,857 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Institutional Ownership by Quarter for Quanex Building Products Corporation (NYSE:NX)

Quanex Building Products Corporation (NYSE NX) traded up 0.23% during mid-day trading on Monday, hitting $21.35. 129,519 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $20.36 and its 200-day moving average price is $20.10. The stock’s market cap is $729.25 million. Quanex Building Products Corporation has a 12 month low of $15.40 and a 12 month high of $21.90.

Quanex Building Products Corporation (NYSE:NX) last released its quarterly earnings results on Tuesday, May 30th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The company had revenue of $209.10 million for the quarter, compared to the consensus estimate of $205.27 million. Quanex Building Products Corporation had a negative net margin of 0.09% and a positive return on equity of 7.70%. Quanex Building Products Corporation’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Equities analysts expect that Quanex Building Products Corporation will post $0.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, June 13th. Quanex Building Products Corporation’s dividend payout ratio is currently -533.16%.

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A number of research analysts recently issued reports on NX shares. Zacks Investment Research raised shares of Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Wedbush decreased their target price on shares of Quanex Building Products Corporation from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 8th.

In other news, SVP Kevin P. Delaney sold 9,971 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $21.53, for a total value of $214,675.63. Following the sale, the senior vice president now owns 113,442 shares of the company’s stock, valued at $2,442,406.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.32% of the company’s stock.

About Quanex Building Products Corporation

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