nVerses Capital LLC Has $86,000 Stock Holdings in Quanex Building Products Co. (NYSE:NX)

nVerses Capital LLC boosted its position in shares of Quanex Building Products Co. (NYSE:NX) by 55.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,100 shares of the construction company’s stock after buying an additional 1,100 shares during the quarter. nVerses Capital LLC’s holdings in Quanex Building Products were worth $86,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Quanex Building Products by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after acquiring an additional 30,198 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Quanex Building Products by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company’s stock valued at $35,810,000 after acquiring an additional 165,121 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Quanex Building Products by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company’s stock valued at $32,058,000 after acquiring an additional 3,400 shares during the last quarter. American Century Companies Inc. raised its position in shares of Quanex Building Products by 13.5% during the 2nd quarter. American Century Companies Inc. now owns 807,464 shares of the construction company’s stock valued at $22,326,000 after acquiring an additional 96,095 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Quanex Building Products during the 3rd quarter valued at $15,343,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NX shares. Benchmark restated a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com upgraded shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th.

Quanex Building Products Price Performance

NX opened at $30.59 on Monday. 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 Co. has a 12 month low of $24.85 and a 12 month high of $39.31. The company has a fifty day simple moving average of $27.69 and a 200 day simple moving average of $30.38. The stock has a market cap of $1.45 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.02 and a beta of 1.26.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $280.35 million during 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 period in the prior year, the business earned $0.97 EPS. On average, research analysts expect that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, September 16th. Quanex Building Products’s payout ratio is presently 14.22%.

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.