Quanex Building Products Corporation $NX Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lowered its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,844,405 shares of the construction company’s stock after selling 29,948 shares during the period. Deprince Race & Zollo Inc.’s holdings in Quanex Building Products were worth $33,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NX. Medina Value Partners LLC purchased a new position in Quanex Building Products in the 3rd quarter valued at about $4,602,000. Western Standard LLC acquired a new position in shares of Quanex Building Products during the fourth quarter valued at approximately $4,219,000. IES Holdings Inc. acquired a new position in shares of Quanex Building Products during the fourth quarter valued at approximately $3,846,000. CenterBook Partners LP lifted its position in shares of Quanex Building Products by 656.3% in the fourth quarter. CenterBook Partners LP now owns 274,231 shares of the construction company’s stock valued at $4,218,000 after acquiring an additional 237,972 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Quanex Building Products in the third quarter valued at approximately $2,617,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

NYSE NX opened at $18.07 on Thursday. The stock’s fifty day moving average is $18.20 and its two-hundred day moving average is $18.34. The firm has a market capitalization of $830.05 million, a P/E ratio of -3.21, a price-to-earnings-growth ratio of 0.80 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28. Quanex Building Products Corporation has a fifty-two week low of $11.04 and a fifty-two week high of $22.98.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%.The business had revenue of $462.37 million during the quarter, compared to the consensus estimate of $459.27 million. On average, research analysts anticipate that Quanex Building Products Corporation will post 1.66 earnings per share for the current year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. Quanex Building Products’s payout ratio is -5.68%.

Wall Street Analyst Weigh In

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

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.