Victory Capital Management Inc. Grows Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Victory Capital Management Inc. raised its holdings in Quanex Building Products Co. (NYSE:NX) by 174.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,052 shares of the construction company’s stock after buying an additional 52,767 shares during the period. Victory Capital Management Inc. owned about 0.25% of Quanex Building Products worth $2,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Quanex Building Products during the 2nd quarter worth about $46,000. nVerses Capital LLC raised its holdings in Quanex Building Products by 900.0% during the second quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock worth $55,000 after purchasing an additional 1,800 shares in the last quarter. GAMMA Investing LLC raised its holdings in Quanex Building Products by 157.1% during the first quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,090 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of Quanex Building Products during the 1st quarter worth approximately $145,000. Finally, SG Americas Securities LLC acquired a new position in shares of Quanex Building Products in the 1st quarter valued at $216,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

NX stock opened at $28.18 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.33 billion, a P/E ratio of 11.55, a PEG ratio of 0.89 and a beta of 1.27. The business has a 50 day simple moving average of $28.69 and a 200-day simple moving average of $31.72. Quanex Building Products Co. has a twelve month low of $24.85 and a twelve month high of $39.31.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $280.35 million during the quarter, compared to analysts’ expectations of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same quarter in the prior year, the business earned $0.97 EPS. As a group, equities analysts anticipate that Quanex Building Products Co. will post 2.15 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analysts Forecast Growth

NX has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th.

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.