George Laverne Wilson Acquires 4,328 Shares of Quanex Building Products Co. (NYSE:NX) Stock

Quanex Building Products Co. (NYSE:NX) CEO George Laverne Wilson acquired 4,328 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the purchase, the chief executive officer now owns 287,644 shares in the company, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Quanex Building Products Stock Up 8.5 %

NYSE NX opened at $25.10 on Friday. Quanex Building Products Co. has a fifty-two week low of $22.92 and a fifty-two week high of $39.31. The business has a fifty day moving average price of $29.43 and a two-hundred day moving average price of $28.85. 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 $1.19 billion, a PE ratio of 22.41, a PEG ratio of 0.89 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 for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same period last year, the firm earned $0.95 EPS. Equities analysts expect that Quanex Building Products Co. will post 2.26 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analyst Weigh In

NX has been the topic of a number of recent analyst reports. StockNews.com cut Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a report on Wednesday, September 11th.

Hedge Funds Weigh In On Quanex Building Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP bought a new stake in shares of Quanex Building Products during the third quarter worth about $15,343,000. State Street Corp increased its position in Quanex Building Products by 28.1% in the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock valued at $44,530,000 after acquiring an additional 351,778 shares during the period. Geode Capital Management LLC raised its stake in shares of Quanex Building Products by 37.9% during the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after acquiring an additional 286,128 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Quanex Building Products during the second quarter worth $6,263,000. Finally, Janus Henderson Group PLC grew its stake in shares of Quanex Building Products by 318.9% in the third quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company’s stock worth $6,447,000 after purchasing an additional 176,949 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

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.