Quanex Building Products Corporation (NX) Stake Maintained by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc held its stake in shares of Quanex Building Products Corporation (NYSE:NX) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,000 shares of the construction company’s stock at the end of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Quanex Building Products Corporation were worth $296,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of Quanex Building Products Corporation by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 6,746 shares of the construction company’s stock worth $142,000 after acquiring an additional 2,946 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Quanex Building Products Corporation by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 7,938 shares of the construction company’s stock worth $161,000 after acquiring an additional 403 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Quanex Building Products Corporation by 7.6% in the first quarter. Mason Street Advisors LLC now owns 8,045 shares of the construction company’s stock worth $163,000 after acquiring an additional 568 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Quanex Building Products Corporation in the first quarter worth about $217,000. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Quanex Building Products Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the construction company’s stock worth $284,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 99.75% of the company’s stock.

Several brokerages have issued reports on NX. BidaskClub downgraded Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research raised Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Sidoti began coverage on Quanex Building Products Corporation in a research report on Monday, August 7th. They set a “buy” rating for the company. TheStreet raised Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Quanex Building Products Corporation in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.00.

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Quanex Building Products Corporation (NYSE NX) traded up 1.90% on Friday, hitting $20.90. The stock had a trading volume of 333,470 shares. Quanex Building Products Corporation has a 52 week low of $15.41 and a 52 week high of $22.65. The stock has a market capitalization of $720.15 million, a price-to-earnings ratio of 53.18 and a beta of 0.66. The company has a 50-day moving average price of $20.11 and a 200-day moving average price of $20.27.

Quanex Building Products Corporation (NYSE:NX) last issued its earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Quanex Building Products Corporation had a net margin of 1.52% and a return on equity of 7.87%. The firm had revenue of $229.40 million during the quarter, compared to the consensus estimate of $235.45 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts anticipate that Quanex Building Products Corporation will post $0.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 15th. Quanex Building Products Corporation’s payout ratio is 42.11%.

In related news, SVP Kevin P. Delaney sold 21,275 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $21.16, for a total value of $450,179.00. Following the completion of the sale, the senior vice president now directly owns 103,963 shares of the company’s stock, valued at approximately $2,199,857.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin P. Delaney sold 59,700 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $21.35, for a total value of $1,274,595.00. Following the completion of the sale, the senior vice president now directly owns 133,471 shares of the company’s stock, valued at $2,849,605.85. The disclosure for this sale can be found here. Insiders sold a total of 94,838 shares of company stock valued at $2,016,038 over the last ninety days. 5.32% of the stock is currently owned by corporate insiders.

About Quanex Building Products Corporation

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Institutional Ownership by Quarter for Quanex Building Products Corporation (NYSE:NX)

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