Quanex Building Products Co. (NYSE:NX) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in shares of Quanex Building Products Co. (NYSE:NX) by 39.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,763 shares of the construction company’s stock after purchasing an additional 4,190 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Quanex Building Products were worth $327,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Quanex Building Products by 591.7% in the 1st quarter. FMR LLC now owns 1,757 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,503 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Quanex Building Products by 561.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,433 shares of the construction company’s stock worth $98,000 after buying an additional 3,763 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Quanex Building Products in the fourth quarter worth $211,000. ExodusPoint Capital Management LP bought a new stake in shares of Quanex Building Products during the 4th quarter worth $213,000. Finally, Brinker Capital Investments LLC acquired a new position in Quanex Building Products in the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 93.94% of the company’s stock.

Separately, Zacks Investment Research upgraded Quanex Building Products from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, March 10th.

In related news, Chairman William C. Griffiths sold 18,213 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $24.32, for a total transaction of $442,940.16. Following the completion of the transaction, the chairman now owns 251,849 shares in the company, valued at approximately $6,124,967.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis M. Stevens sold 13,118 shares of the business’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $27.09, for a total value of $355,366.62. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $135,450. The disclosure for this sale can be found here. Insiders sold 156,087 shares of company stock valued at $3,873,381 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Shares of NX stock opened at $26.40 on Wednesday. The firm has a market capitalization of $888.10 million, a P/E ratio of 22.37 and a beta of 1.66. Quanex Building Products Co. has a 1 year low of $9.64 and a 1 year high of $27.81. The firm’s fifty day simple moving average is $26.36 and its 200 day simple moving average is $23.18. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 0.33.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Wednesday, March 3rd. The construction company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. Quanex Building Products had a net margin of 4.52% and a return on equity of 12.07%. The company had revenue of $230.10 million for the quarter, compared to the consensus estimate of $201.38 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Quanex Building Products Co. will post 1.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 30th. Stockholders of record on Monday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, March 12th. Quanex Building Products’s dividend payout ratio is presently 25.81%.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.

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

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