CenterBook Partners LP Purchases 237,972 Shares of Quanex Building Products Corporation $NX

CenterBook Partners LP raised its position in Quanex Building Products Corporation (NYSE:NX) by 656.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,231 shares of the construction company’s stock after purchasing an additional 237,972 shares during the period. CenterBook Partners LP’s holdings in Quanex Building Products were worth $4,218,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Quanex Building Products by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company’s stock valued at $43,013,000 after purchasing an additional 166,518 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in Quanex Building Products by 8.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,874,353 shares of the construction company’s stock valued at $28,828,000 after purchasing an additional 139,036 shares in the last quarter. Systematic Financial Management LP increased its stake in Quanex Building Products by 10.3% in the fourth quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company’s stock valued at $27,280,000 after purchasing an additional 165,424 shares in the last quarter. Geode Capital Management LLC increased its stake in Quanex Building Products by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,099,557 shares of the construction company’s stock valued at $16,914,000 after purchasing an additional 4,976 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Quanex Building Products by 28.5% in the second quarter. Bank of America Corp DE now owns 523,291 shares of the construction company’s stock valued at $9,890,000 after purchasing an additional 115,903 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research downgraded shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Quanex Building Products presently has an average rating of “Reduce” and a consensus target price of $28.00.

Quanex Building Products Stock Up 3.9%

Quanex Building Products stock opened at $16.02 on Tuesday. The company has a market cap of $735.57 million, a P/E ratio of -2.84, a price-to-earnings-growth ratio of 0.68 and a beta of 0.91. Quanex Building Products Corporation has a 1-year low of $11.04 and a 1-year high of $22.98. The company has a fifty day simple moving average of $18.76 and a 200 day simple moving average of $17.85. The company has a current ratio of 2.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.93.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $462.37 million during the quarter, compared to the consensus estimate of $459.28 million. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. Research analysts anticipate that Quanex Building Products Corporation will post 1.63 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. Quanex Building Products’s dividend payout ratio (DPR) is -5.68%.

About Quanex Building Products

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.