Insider Buying: Quanex Building Products Co. (NYSE:NX) CEO Purchases $99,673.84 in Stock

Quanex Building Products Co. (NYSE:NX) CEO George Laverne Wilson purchased 4,328 shares of Quanex Building Products stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Quanex Building Products Price Performance

Shares of NX opened at $25.10 on Friday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24. The stock’s fifty day moving average is $29.36 and its 200-day moving average is $28.80. Quanex Building Products Co. has a one year low of $22.92 and a one year high of $39.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same quarter in the previous year, the business posted $0.95 EPS. Equities analysts anticipate that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products’s payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NX shares. Benchmark reissued a “buy” rating and set a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday.

Institutional Trading of Quanex Building Products

A number of hedge funds and other institutional investors have recently modified their holdings of NX. GAMMA Investing LLC grew its stake in shares of Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $28,000 after purchasing an additional 393 shares during the last quarter. Quarry LP boosted its holdings in Quanex Building Products by 150.8% during the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after buying an additional 677 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Quanex Building Products in the third quarter worth approximately $37,000. Public Employees Retirement System of Ohio increased its holdings in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after buying an additional 605 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Quanex Building Products during the 2nd quarter valued at $46,000. Institutional investors own 97.48% of the company’s stock.

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.