Royal Bank of Canada Has $524,000 Position in Quanex Building Products Corporation $NX

Royal Bank of Canada increased its stake in Quanex Building Products Corporation (NYSE:NX) by 874.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 29,173 shares of the construction company’s stock after acquiring an additional 26,178 shares during the period. Royal Bank of Canada’s holdings in Quanex Building Products were worth $524,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Quanex Building Products by 9.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company’s stock valued at $521,000 after buying an additional 2,347 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Quanex Building Products by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company’s stock valued at $4,586,000 after acquiring an additional 49,895 shares during the period. Jane Street Group LLC boosted its holdings in Quanex Building Products by 887.4% in the first quarter. Jane Street Group LLC now owns 84,957 shares of the construction company’s stock valued at $1,579,000 after acquiring an additional 76,353 shares during the last quarter. Sei Investments Co. boosted its holdings in Quanex Building Products by 8.0% in the second quarter. Sei Investments Co. now owns 72,103 shares of the construction company’s stock valued at $1,363,000 after acquiring an additional 5,313 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Quanex Building Products by 75.6% in the second quarter. Squarepoint Ops LLC now owns 297,441 shares of the construction company’s stock worth $5,622,000 after purchasing an additional 128,076 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.

Analyst Ratings Changes

NX has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a report on Friday, July 17th. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.00.

Quanex Building Products Stock Performance

Shares of Quanex Building Products stock opened at $19.94 on Wednesday. The firm has a fifty day moving average of $18.68 and a two-hundred day moving average of $18.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28. The stock has a market capitalization of $915.84 million, a price-to-earnings ratio of -3.54, a PEG ratio of 0.86 and a beta of 0.92. Quanex Building Products Corporation has a 52 week low of $11.04 and a 52 week high of $22.98.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%.The business had revenue of $462.37 million for the quarter, compared to analyst estimates of $459.27 million. As a group, equities research analysts predict that Quanex Building Products Corporation will post 1.66 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.32 annualized dividend and a yield of 1.6%. Quanex Building Products’s dividend payout ratio is presently -5.68%.

Quanex Building Products Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.