Impax Asset Management Group plc Invests $8.19 Million in Quanex Building Products Co. (NYSE:NX)

Impax Asset Management Group plc bought a new position in shares of Quanex Building Products Co. (NYSE:NX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 337,750 shares of the construction company’s stock, valued at approximately $8,187,000. Impax Asset Management Group plc owned 0.72% of Quanex Building Products at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in Quanex Building Products by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 13,178 shares of the construction company’s stock valued at $319,000 after purchasing an additional 1,900 shares during the period. Principal Financial Group Inc. boosted its stake in Quanex Building Products by 779.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock valued at $47,424,000 after purchasing an additional 1,733,932 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Quanex Building Products by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company’s stock valued at $1,702,000 after purchasing an additional 1,019 shares during the period. Rhumbline Advisers boosted its stake in Quanex Building Products by 7.5% in the 4th quarter. Rhumbline Advisers now owns 140,090 shares of the construction company’s stock valued at $3,396,000 after purchasing an additional 9,774 shares during the period. Finally, Choreo LLC bought a new stake in Quanex Building Products in the 4th quarter valued at $318,000. 97.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $20.34 on Tuesday. The stock has a market capitalization of $960.00 million, a PE ratio of 18.16, a P/E/G ratio of 0.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The business has a fifty day moving average price of $22.91 and a two-hundred day moving average price of $26.59. Quanex Building Products Co. has a fifty-two week low of $19.57 and a fifty-two week high of $39.31.

Quanex Building Products (NYSE:NX) last announced 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 11.79% and a net margin of 2.59%. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, equities analysts predict that Quanex Building Products Co. will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.57%. Quanex Building Products’s dividend payout ratio (DPR) is currently 28.57%.

Insider Buying and Selling

In related news, CEO George Laverne Wilson purchased 4,328 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.15% of the stock is owned by corporate insiders.

Quanex Building Products 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.