GAMMA Investing LLC Has $28,000 Position in Quanex Building Products Co. (NYSE:NX)

GAMMA Investing LLC boosted its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 65.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 994 shares of the construction company’s stock after acquiring an additional 393 shares during the period. GAMMA Investing LLC’s holdings in Quanex Building Products were worth $28,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in Quanex Building Products by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company’s stock worth $598,000 after acquiring an additional 304 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Quanex Building Products by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 28,452 shares of the construction company’s stock worth $787,000 after purchasing an additional 474 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Quanex Building Products by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,972 shares of the construction company’s stock valued at $1,113,000 after buying an additional 477 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of Quanex Building Products by 1.5% in the 1st quarter. Oliver Luxxe Assets LLC now owns 43,900 shares of the construction company’s stock valued at $1,687,000 after buying an additional 660 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in Quanex Building Products by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 24,200 shares of the construction company’s stock worth $669,000 after buying an additional 800 shares during the period. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Up 1.1 %

Shares of NYSE:NX opened at $30.60 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.97 and a beta of 1.26. Quanex Building Products Co. has a 12 month low of $24.85 and a 12 month high of $39.31. The company’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $30.42. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

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

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.05%. Quanex Building Products’s dividend payout ratio (DPR) is presently 13.11%.

Analyst Ratings Changes

A number of research firms have issued reports on NX. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th.

Quanex Building Products 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.