Quanex Building Products Co. (NYSE:NX) CEO Buys $99,673.84 in Stock

Quanex Building Products Co. (NYSE:NX) CEO George Laverne Wilson bought 4,328 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, with a total value of $99,673.84. Following the purchase, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at $6,624,441.32. The trade was a 1.53 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Quanex Building Products Stock Performance

NX stock opened at $23.13 on Friday. The company has a 50 day moving average price of $29.43 and a 200 day moving average price of $28.85. Quanex Building Products Co. has a fifty-two week low of $22.92 and a fifty-two week high of $39.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market capitalization of $1.09 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same quarter in the prior year, the company earned $0.95 earnings per share. Analysts forecast that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

A number of research firms have commented on NX. StockNews.com lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a report on Wednesday, September 11th.

Hedge Funds Weigh In On Quanex Building Products

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Quanex Building Products by 38.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after acquiring an additional 32,158 shares during the last quarter. Susquehanna International Group Ltd. bought a new stake in Quanex Building Products in the second quarter valued at about $611,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Quanex Building Products by 292.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after buying an additional 61,444 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Quanex Building Products by 5.6% during the third quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company’s stock worth $10,143,000 after buying an additional 19,361 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Quanex Building Products by 26.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company’s stock worth $18,572,000 after buying an additional 139,208 shares during the period. 97.48% of the stock is currently owned by institutional investors and hedge funds.

About Quanex Building Products

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.