Citadel Advisors LLC grew its holdings in Quanex Building Products Corporation (NYSE:NX) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,482 shares of the construction company’s stock after purchasing an additional 886 shares during the period. Citadel Advisors LLC owned approximately 0.16% of Quanex Building Products Corporation worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Quanex Building Products Corporation by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,746 shares of the construction company’s stock worth $142,000 after acquiring an additional 2,946 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Quanex Building Products Corporation by 5.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,938 shares of the construction company’s stock worth $161,000 after acquiring an additional 403 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Quanex Building Products Corporation by 7.6% during the 1st quarter. Mason Street Advisors LLC now owns 8,045 shares of the construction company’s stock worth $163,000 after acquiring an additional 568 shares in the last quarter. Trexquant Investment LP acquired a new position in Quanex Building Products Corporation during the 1st quarter worth about $217,000. Finally, SG Americas Securities LLC acquired a new position in Quanex Building Products Corporation during the 2nd quarter worth about $314,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Brent L. Korb sold 17,500 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $21.15, for a total value of $370,125.00. Following the transaction, the vice president now owns 94,679 shares in the company, valued at $2,002,460.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.32% of the company’s stock.

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Several equities analysts recently issued reports on NX shares. Wedbush raised Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $24.00 in a research note on Friday, September 8th. Zacks Investment Research lowered Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. KeyCorp reissued a “hold” rating on shares of Quanex Building Products Corporation in a research note on Friday, September 22nd. TheStreet raised Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, September 6th. Finally, BidaskClub lowered Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Quanex Building Products Corporation (NYSE:NX) opened at 23.20 on Thursday. Quanex Building Products Corporation has a one year low of $15.41 and a one year high of $23.40. The stock has a market cap of $799.40 million, a P/E ratio of 59.03 and a beta of 0.67. The firm’s 50-day moving average price is $20.47 and its 200 day moving average price is $20.49.

Quanex Building Products Corporation (NYSE:NX) last released its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The business had revenue of $229.40 million during the quarter, compared to analyst estimates of $235.45 million. During the same quarter last year, the firm posted $0.27 EPS. The company’s revenue was down 7.5% compared to the same quarter last year. Equities research analysts expect that Quanex Building Products Corporation will post $0.70 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, September 15th. Quanex Building Products Corporation’s dividend payout ratio (DPR) is 42.11%.

Quanex Building Products Corporation Company Profile

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

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