XTX Topco Ltd Makes New $356,000 Investment in Quanex Building Products Co. (NYSE:NX)

XTX Topco Ltd bought a new stake in Quanex Building Products Co. (NYSE:NX) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 12,890 shares of the construction company’s stock, valued at approximately $356,000.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Quanex Building Products during the second quarter worth approximately $46,000. GAMMA Investing LLC boosted its stake in Quanex Building Products by 157.1% during the 1st quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,090 shares during the period. nVerses Capital LLC grew its position in Quanex Building Products by 900.0% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock worth $55,000 after purchasing an additional 1,800 shares during the last quarter. Quest Partners LLC increased its stake in Quanex Building Products by 9,011.1% in the second quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock valued at $91,000 after purchasing an additional 3,244 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Quanex Building Products in the second quarter valued at about $101,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

NYSE NX opened at $27.32 on Friday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 0.91 and a beta of 1.27. The business’s 50 day moving average is $28.56 and its two-hundred day moving average is $31.38. Quanex Building Products Co. has a 12-month low of $24.85 and a 12-month high of $39.31. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09.

Quanex Building Products (NYSE:NX) last posted 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 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 period in the previous year, the business earned $0.97 earnings per share. Research analysts expect that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is 13.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Benchmark restated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research 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.