Quanex Building Products Co. (NYSE:NX) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in shares of Quanex Building Products Co. (NYSE:NX) by 69.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,843 shares of the construction company’s stock after purchasing an additional 1,169 shares during the quarter. KBC Group NV’s holdings in Quanex Building Products were worth $69,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NX. GAMMA Investing LLC raised its stake in shares of Quanex Building Products by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $28,000 after buying an additional 393 shares in the last quarter. Quarry LP grew 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 acquiring an additional 677 shares during the period. Point72 Hong Kong Ltd purchased a new position in Quanex Building Products in the third quarter worth $37,000. Public Employees Retirement System of Ohio lifted its holdings in 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 acquiring an additional 605 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Quanex Building Products by 10,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after purchasing an additional 2,090 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

Shares of NYSE:NX opened at $21.51 on Tuesday. Quanex Building Products Co. has a 12 month low of $19.57 and a 12 month high of $39.31. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28. The business’s 50 day simple moving average is $24.35 and its 200-day simple moving average is $27.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same period last year, the business earned $0.95 EPS. As a group, equities analysts forecast that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday, December 22nd.

Insider Activity

In related news, CEO George Laverne Wilson acquired 4,328 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the transaction, the chief executive officer now owns 287,644 shares in the company, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.15% 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.