WINTON GROUP Ltd Has $879,000 Stock Position in Quanex Building Products Co. (NYSE:NX)

WINTON GROUP Ltd lifted its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 21.6% during the second quarter, Holdings Channel.com reports. The firm owned 31,803 shares of the construction company’s stock after acquiring an additional 5,649 shares during the quarter. WINTON GROUP Ltd’s holdings in Quanex Building Products were worth $879,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Quanex Building Products in the second quarter valued at $46,000. nVerses Capital LLC increased its position in shares of 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 acquiring an additional 1,800 shares in the last quarter. GAMMA Investing LLC grew its position in Quanex Building Products by 157.1% in the 1st 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. Quest Partners LLC grew its position in Quanex Building Products by 9,011.1% in the 2nd quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock worth $91,000 after purchasing an additional 3,244 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Quanex Building Products in the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

NYSE NX opened at $28.18 on Wednesday. Quanex Building Products Co. has a 1 year low of $24.85 and a 1 year high of $39.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market capitalization of $1.33 billion, a PE ratio of 11.55, a P/E/G ratio of 0.89 and a beta of 1.27. The company’s 50 day simple moving average is $28.69 and its two-hundred day simple moving average is $31.72.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $280.35 million for the quarter, compared to analyst estimates 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 firm earned $0.97 EPS. Analysts predict that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Monday, September 16th. Quanex Building Products’s dividend payout ratio is currently 13.11%.

Analyst Ratings Changes

A number of research analysts have weighed in on NX shares. StockNews.com cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Benchmark restated a “buy” rating and set a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th.

About Quanex Building Products

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.