Quanex Building Products Corporation $NX Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in Quanex Building Products Corporation (NYSE:NX) by 35.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 215,822 shares of the construction company’s stock after selling 118,556 shares during the quarter. Royce & Associates LP’s holdings in Quanex Building Products were worth $3,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NX. Danske Bank A S acquired a new position in Quanex Building Products in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in Quanex Building Products by 199.9% in the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,415 shares in the last quarter. Quarry LP boosted its holdings in Quanex Building Products by 132.0% in the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock valued at $53,000 after purchasing an additional 2,136 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Quanex Building Products by 210.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock valued at $97,000 after purchasing an additional 3,484 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Quanex Building Products by 91.8% in the second quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock valued at $122,000 after purchasing an additional 3,084 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

Quanex Building Products stock opened at $18.61 on Friday. Quanex Building Products Corporation has a 12 month low of $11.04 and a 12 month high of $22.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.31 and a quick ratio of 1.21. The business has a 50 day simple moving average of $18.74 and a 200-day simple moving average of $17.62. The stock has a market capitalization of $854.90 million, a PE ratio of -3.54, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, March 5th. The construction company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. Quanex Building Products had a positive return on equity of 12.24% and a negative net margin of 13.00%.The business had revenue of $409.09 million during the quarter, compared to analysts’ expectations of $405.75 million. Equities analysts predict that Quanex Building Products Corporation will post 1.63 earnings per share for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 15th. Quanex Building Products’s dividend payout ratio is -6.08%.

Wall Street Analyst Weigh In

NX has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research note on Tuesday, April 21st. Zacks Research cut Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Finally, Wall Street Zen cut Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $28.00.

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.