Meredith W. Mendes Buys 700 Shares of Quanex Building Products Co. (NYSE:NX) Stock

Quanex Building Products Co. (NYSE:NX) Director Meredith W. Mendes bought 700 shares of the company’s stock in a transaction on Friday, October 8th. The stock was bought at an average price of $21.49 per share, for a total transaction of $15,043.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE NX opened at $21.12 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.72. The firm’s 50 day moving average price is $22.62 and its 200-day moving average price is $24.78. Quanex Building Products Co. has a 52-week low of $17.96 and a 52-week high of $29.02. The company has a market cap of $707.98 million, a PE ratio of 12.00 and a beta of 1.66.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Wednesday, September 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). Quanex Building Products had a net margin of 5.62% and a return on equity of 15.58%. The business had revenue of $279.90 million for the quarter, compared to the consensus estimate of $272.81 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. Quanex Building Products’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, analysts forecast that Quanex Building Products Co. will post 1.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, September 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. Quanex Building Products’s dividend payout ratio is presently 25.81%.

Separately, Zacks Investment Research downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Saturday, September 11th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley boosted its stake in Quanex Building Products by 136.7% in the first quarter. Morgan Stanley now owns 303,177 shares of the construction company’s stock valued at $7,953,000 after acquiring an additional 175,094 shares in the last quarter. PDT Partners LLC boosted its stake in Quanex Building Products by 71.1% in the first quarter. PDT Partners LLC now owns 28,996 shares of the construction company’s stock valued at $761,000 after acquiring an additional 12,049 shares in the last quarter. Captrust Financial Advisors boosted its stake in Quanex Building Products by 294.7% in the first quarter. Captrust Financial Advisors now owns 1,804 shares of the construction company’s stock valued at $47,000 after acquiring an additional 1,347 shares in the last quarter. Credit Agricole S A acquired a new stake in Quanex Building Products in the second quarter valued at approximately $153,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Quanex Building Products by 2.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,943 shares of the construction company’s stock valued at $680,000 after acquiring an additional 530 shares in the last quarter. Institutional investors own 96.16% of the company’s stock.

About Quanex Building Products

Quanex Building Products Corp. engages in the manufacture of components sold to original equipment manufacturers in the building products industry. It also designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components. The firm operates through the following segments: North American Engineered Components, European Engineered Components, North American Cabinet Components, Unallocated Corporate and Other.

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