Mirae Asset Global Investments Co. Ltd. Purchases 641 Shares of Quanex Building Products Co. (NYSE:NX)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Quanex Building Products Co. (NYSE:NX) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,126 shares of the construction company’s stock after purchasing an additional 641 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Quanex Building Products were worth $462,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Quanex Building Products by 46.6% during the fourth quarter. Pacer Advisors Inc. now owns 791,876 shares of the construction company’s stock valued at $24,208,000 after purchasing an additional 251,892 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Quanex Building Products by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 500,409 shares of the construction company’s stock worth $14,097,000 after acquiring an additional 17,814 shares during the period. American Century Companies Inc. raised its position in Quanex Building Products by 19.1% in the third quarter. American Century Companies Inc. now owns 462,937 shares of the construction company’s stock worth $13,041,000 after acquiring an additional 74,297 shares during the period. Invesco Ltd. raised its position in Quanex Building Products by 3.1% in the third quarter. Invesco Ltd. now owns 327,436 shares of the construction company’s stock worth $9,224,000 after acquiring an additional 9,875 shares during the period. Finally, First Eagle Investment Management LLC raised its position in Quanex Building Products by 8.9% in the third quarter. First Eagle Investment Management LLC now owns 278,801 shares of the construction company’s stock worth $7,854,000 after acquiring an additional 22,682 shares during the period. 97.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a research report on Tuesday.

Insider Transactions at Quanex Building Products

In other news, SVP Paul Cornett sold 3,064 shares of Quanex Building Products stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $37.72, for a total value of $115,574.08. Following the completion of the transaction, the senior vice president now owns 43,902 shares in the company, valued at $1,655,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.15% of the company’s stock.

Quanex Building Products Stock Performance

Shares of NX stock opened at $33.81 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.31 and a current ratio of 2.27. The firm’s 50-day simple moving average is $35.68 and its two-hundred day simple moving average is $32.21. Quanex Building Products Co. has a 52 week low of $18.71 and a 52 week high of $39.31.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, March 7th. The construction company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $239.16 million during the quarter, compared to the consensus estimate of $232.90 million. Quanex Building Products had a net margin of 7.84% and a return on equity of 17.11%. As a group, equities analysts forecast that Quanex Building Products Co. will post 2.4 earnings per share for the current year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.95%. Quanex Building Products’s payout ratio is 12.17%.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.