274,338 Shares in Quanex Building Products Corporation $NX Acquired by Western Standard LLC

Western Standard LLC purchased a new position in shares of Quanex Building Products Corporation (NYSE:NX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 274,338 shares of the construction company’s stock, valued at approximately $4,219,000. Quanex Building Products comprises 1.9% of Western Standard LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S bought a new position in Quanex Building Products during the 3rd quarter worth approximately $26,000. Quarry LP raised its holdings 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 purchasing an additional 2,136 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Quanex Building Products by 210.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock worth $97,000 after purchasing an additional 3,484 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Quanex Building Products by 91.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock worth $122,000 after purchasing an additional 3,084 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in Quanex Building Products during the 2nd quarter worth approximately $198,000. Institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Zacks Research lowered shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $28.00.

Quanex Building Products Stock Performance

NYSE:NX opened at $20.10 on Friday. The company has a fifty day moving average of $18.83 and a 200-day moving average of $17.21. The firm has a market capitalization of $923.15 million, a P/E ratio of -3.82, a P/E/G ratio of 0.73 and a beta of 0.95. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.93. Quanex Building Products Corporation has a twelve month low of $11.04 and a twelve month high of $22.98.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $409.09 million during the quarter, compared to analyst estimates of $405.75 million. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. As a group, sell-side analysts anticipate that Quanex Building Products Corporation will post 1.96 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.08 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. Quanex Building Products’s payout ratio is currently -6.08%.

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.