19,991 Shares in Quanex Building Products Co. (NYSE:NX) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Quanex Building Products Co. (NYSE:NX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,991 shares of the construction company’s stock, valued at approximately $611,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Quanex Building Products as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Quanex Building Products by 46.6% during the fourth quarter. Pacer Advisors Inc. now owns 791,876 shares of the construction company’s stock worth $24,208,000 after acquiring an additional 251,892 shares during the period. American Century Companies Inc. boosted its position in Quanex Building Products by 19.1% during the 3rd quarter. American Century Companies Inc. now owns 462,937 shares of the construction company’s stock valued at $13,041,000 after purchasing an additional 74,297 shares during the period. Russell Investments Group Ltd. grew its stake in Quanex Building Products by 493.5% during the 4th quarter. Russell Investments Group Ltd. now owns 71,482 shares of the construction company’s stock worth $2,185,000 after buying an additional 59,438 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Quanex Building Products in the third quarter worth $1,376,000. Finally, Wedge Capital Management L L P NC lifted its stake in Quanex Building Products by 14.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 229,978 shares of the construction company’s stock valued at $7,030,000 after buying an additional 29,662 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

Shares of NYSE NX opened at $32.28 on Friday. Quanex Building Products Co. has a 12-month low of $20.56 and a 12-month high of $39.31. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.07 billion, a PE ratio of 12.27, a P/E/G ratio of 0.97 and a beta of 1.38. The stock has a 50 day simple moving average of $35.56 and a 200-day simple moving average of $33.08.

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

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. Quanex Building Products’s dividend payout ratio (DPR) is 12.17%.

Insider Transactions at Quanex Building Products

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

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 report on Tuesday, April 23rd.

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.