Quantbot Technologies LP Boosts Position in Quanex Building Products Co. (NYSE:NX)

Quantbot Technologies LP increased its position in shares of Quanex Building Products Co. (NYSE:NX) by 62.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,048 shares of the construction company’s stock after acquiring an additional 11,166 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Quanex Building Products worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NX. GAMMA Investing LLC boosted its holdings in Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after purchasing an additional 393 shares during the last quarter. Innealta Capital LLC acquired a new position in Quanex Building Products in the second quarter valued at approximately $46,000. nVerses Capital LLC grew its position in Quanex Building Products by 900.0% in 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 during the period. Farther Finance Advisors LLC increased its stake in Quanex Building Products by 10,450.0% during the third quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Quest Partners LLC raised its position in Quanex Building Products by 9,011.1% in the second quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock valued at $91,000 after purchasing an additional 3,244 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Up 3.3 %

Shares of NYSE NX opened at $29.76 on Monday. 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 business’s 50 day moving average is $29.26 and its two-hundred day moving average is $29.28. Quanex Building Products Co. has a 52-week low of $24.85 and a 52-week high of $39.31. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 0.73 and a beta of 1.25.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. The firm had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. During the same quarter in the previous year, the business earned $0.97 EPS. Research analysts predict that Quanex Building Products Co. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com cut Quanex Building Products from a “buy” rating to a “hold” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $38.00 target price 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.