Victory Capital Management Inc. Raises Position in Quanex Building Products Co. (NYSE:NX)

Victory Capital Management Inc. boosted its stake in Quanex Building Products Co. (NYSE:NX) by 22.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 140,802 shares of the construction company’s stock after buying an additional 25,592 shares during the quarter. Victory Capital Management Inc.’s holdings in Quanex Building Products were worth $3,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in Quanex Building Products by 69.4% in the 3rd 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. Quarry LP raised its holdings in Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after acquiring an additional 677 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Quanex Building Products by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company’s stock valued at $1,702,000 after acquiring an additional 1,019 shares during the last quarter. Franklin Resources Inc. raised its holdings in Quanex Building Products by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock valued at $562,000 after acquiring an additional 1,150 shares during the last quarter. Finally, KBC Group NV raised its holdings in Quanex Building Products by 69.8% in the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock valued at $69,000 after acquiring an additional 1,169 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Quanex Building Products Stock Up 3.0 %

NX stock opened at $19.71 on Monday. The company has a market cap of $930.25 million, a price-to-earnings ratio of 17.59, a PEG ratio of 0.68 and a beta of 1.33. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 12 month low of $18.14 and a 12 month high of $39.31. The firm has a 50-day moving average of $21.49 and a two-hundred day moving average of $25.80.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same period in the prior year, the business posted $0.95 earnings per share. As a group, analysts forecast that Quanex Building Products Co. will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.62%. Quanex Building Products’s dividend payout ratio is currently 52.46%.

Insider Transactions at Quanex Building Products

In other news, CEO George Laverne Wilson purchased 4,328 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.15% of the company’s stock.

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.