Point72 Asset Management L.P. Buys Shares of 4,770 Quanex Building Products Co. (NYSE:NX)

Point72 Asset Management L.P. purchased a new stake in shares of Quanex Building Products Co. (NYSE:NX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,770 shares of the construction company’s stock, valued at approximately $132,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of Quanex Building Products by 318.9% during the 3rd quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company’s stock valued at $6,447,000 after buying an additional 176,949 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Quanex Building Products during the third quarter worth approximately $37,000. Verition Fund Management LLC bought a new stake in shares of Quanex Building Products in the 3rd quarter worth approximately $337,000. Walleye Capital LLC boosted its stake in shares of Quanex Building Products by 129.4% in the 3rd quarter. Walleye Capital LLC now owns 40,305 shares of the construction company’s stock valued at $1,118,000 after purchasing an additional 22,736 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Quanex Building Products by 34.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,768 shares of the construction company’s stock valued at $1,714,000 after purchasing an additional 15,961 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Stock Down 2.2 %

Shares of NYSE NX opened at $28.26 on Friday. The firm’s fifty day moving average is $29.62 and its 200 day moving average is $29.03. Quanex Building Products Co. has a 52 week low of $24.85 and a 52 week high of $39.31. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 0.93 and a beta of 1.24.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period in the previous year, the business earned $0.95 EPS. On average, equities research analysts expect that Quanex Building Products Co. will post 2.1 earnings per share for the current year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently 28.57%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com lowered shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Quanex Building Products Company Profile

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.