Impax Asset Management Group plc Purchases New Position in Quanex Building Products Co. (NYSE:NX)

Impax Asset Management Group plc purchased a new stake in shares of Quanex Building Products Co. (NYSE:NX) during the 4th quarter, Holdings Channel reports. The fund purchased 337,750 shares of the construction company’s stock, valued at approximately $8,187,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NX. Victory Capital Management Inc. boosted its position in 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 worth $3,197,000 after buying an additional 32,158 shares during the period. JPMorgan Chase & Co. boosted its position in Quanex Building Products by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company’s stock worth $8,826,000 after buying an additional 74,396 shares during the period. Principal Financial Group Inc. boosted its position in Quanex Building Products by 28.8% during the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock worth $6,175,000 after buying an additional 49,716 shares during the period. Geode Capital Management LLC boosted its position in Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock worth $28,894,000 after buying an additional 286,128 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Quanex Building Products by 292.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock worth $2,289,000 after buying an additional 61,444 shares during the period. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Stock Down 0.2 %

Shares of NYSE NX opened at $20.34 on Tuesday. The company has a market capitalization of $960.00 million, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. Quanex Building Products Co. has a 52-week low of $19.57 and a 52-week high of $39.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company’s 50 day moving average price is $22.91 and its 200-day moving average price is $26.59.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping 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 company posted $0.95 EPS. Equities analysts forecast that Quanex Building Products Co. will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.57%. Quanex Building Products’s dividend payout ratio (DPR) is currently 28.57%.

Insider Transactions at Quanex Building Products

In related news, CEO George Laverne Wilson bought 4,328 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the transaction, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

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

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.