Quanex Building Products Co. (NYSE:NX) CEO George Laverne Wilson Buys 4,328 Shares

Quanex Building Products Co. (NYSE:NX) CEO George Laverne Wilson bought 4,328 shares of the business’s 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 completion of the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Quanex Building Products Price Performance

Shares of Quanex Building Products stock opened at $23.13 on Friday. 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 company has a market cap of $1.09 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24. The firm has a fifty day moving average price of $29.43 and a two-hundred day moving average price of $28.85. Quanex Building Products Co. has a fifty-two week low of $22.92 and a fifty-two week high of $39.31.

Quanex Building Products (NYSE:NX) last released its earnings results 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 net margin of 2.59% and a return on equity of 14.06%. During the same period in the previous year, the firm earned $0.95 earnings per share. Analysts expect that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 1.38%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s payout ratio is presently 28.57%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NX. GAMMA Investing LLC raised its position in Quanex Building Products by 65.4% in the third quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $28,000 after purchasing an additional 393 shares in the last quarter. Quarry LP raised its holdings in shares of Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after buying an additional 677 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Quanex Building Products during the 3rd quarter worth approximately $37,000. Public Employees Retirement System of Ohio boosted its stake in Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after buying an additional 605 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Quanex Building Products in the second quarter valued at $46,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NX has been the topic of several analyst reports. StockNews.com downgraded Quanex Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research report 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.