TD Asset Management Inc Boosts Position in Quanex Building Products Co. (NYSE:NX)

TD Asset Management Inc raised its position in Quanex Building Products Co. (NYSE:NX) by 3.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,200 shares of the construction company’s stock after purchasing an additional 800 shares during the period. TD Asset Management Inc owned about 0.07% of Quanex Building Products worth $669,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Quanex Building Products by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,581 shares of the construction company’s stock valued at $15,578,000 after acquiring an additional 9,172 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Quanex Building Products by 130.5% during the 4th quarter. Teacher Retirement System of Texas now owns 19,460 shares of the construction company’s stock worth $595,000 after purchasing an additional 11,018 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Quanex Building Products by 8.9% during the 4th quarter. BNP Paribas Financial Markets now owns 18,097 shares of the construction company’s stock worth $553,000 after purchasing an additional 1,478 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Quanex Building Products by 28.5% in the 4th quarter. QRG Capital Management Inc. now owns 15,665 shares of the construction company’s stock valued at $479,000 after buying an additional 3,477 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Quanex Building Products during the 4th quarter valued at $611,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Up 2.3 %

Shares of NX stock opened at $27.52 on Monday. Quanex Building Products Co. has a 1-year low of $24.85 and a 1-year high of $39.31. The firm’s 50-day simple moving average is $28.67 and its 200-day simple moving average is $31.77. The firm has a market cap of $1.30 billion, a P/E ratio of 11.28, a PEG ratio of 0.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $280.35 million for the quarter, compared to analyst estimates of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same quarter last year, the business earned $0.97 EPS. As a group, equities analysts forecast that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. Quanex Building Products’s dividend payout ratio (DPR) is 13.11%.

Analyst Ratings Changes

NX has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

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.