10,081 Shares in Quanex Building Products Corporation (NX) Acquired by Wolverine Trading LLC

Wolverine Trading LLC acquired a new position in shares of Quanex Building Products Corporation (NYSE:NX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,081 shares of the construction company’s stock, valued at approximately $231,000.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its holdings in Quanex Building Products by 36.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,833 shares of the construction company’s stock worth $229,000 after acquiring an additional 2,895 shares in the last quarter. Trexquant Investment LP acquired a new position in Quanex Building Products during the 3rd quarter worth $271,000. Municipal Employees Retirement System of Michigan grew its holdings in Quanex Building Products by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,920 shares of the construction company’s stock worth $297,000 after acquiring an additional 4,800 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Quanex Building Products during the 3rd quarter worth $299,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Quanex Building Products in the 3rd quarter valued at about $310,000. 99.81% of the stock is owned by institutional investors.

In related news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the sale, the vice president now directly owns 94,679 shares in the company, valued at approximately $2,002,460.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.32% of the company’s stock.

Several research analysts have recently commented on the stock. TheStreet raised shares of Quanex Building Products from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. BidaskClub lowered shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a report on Friday, October 27th. Zacks Investment Research lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Wedbush raised shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $25.00 to $24.00 in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of Quanex Building Products Corporation (NYSE:NX) traded up $0.10 during trading hours on Tuesday, reaching $21.00. 233,800 shares of the company traded hands, compared to its average volume of 136,702. The company has a market cap of $723.32, a P/E ratio of 24.59 and a beta of 0.70. Quanex Building Products Corporation has a 12-month low of $17.45 and a 12-month high of $23.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.79.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Monday, December 11th. The construction company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. The firm had revenue of $233.00 million for the quarter, compared to the consensus estimate of $232.47 million. Quanex Building Products had a net margin of 1.52% and a return on equity of 7.87%. Quanex Building Products’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. sell-side analysts anticipate that Quanex Building Products Corporation will post 0.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 0.76%. Quanex Building Products’s dividend payout ratio is presently 41.03%.

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Quanex Building Products Company Profile

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Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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