Today, Mason Street Advisors LLC Acquires Shares of 6,696 Quanex Building Products Corp. (NX)

Today, Mason Street Advisors LLC Acquires Shares of 6,696 Quanex Building Products Corp. (NX)

Mason Street Advisors LLC purchased a new stake in Quanex Building Products Corp. (NYSE:NX) during the second quarter, Holdings Channel reports. The fund purchased 6,696 shares of the company’s stock, valued at approximately $124,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. raised its position in Quanex Building Products Corp. by 166.1% in the second quarter. BlackRock Inc. now owns 10,324 shares of the company’s stock valued at $192,000 after buying an additional 6,444 shares during the last quarter. Laurion Capital Management LP purchased a new position in Quanex Building Products Corp. during the second quarter valued at $193,000. BNP Paribas Arbitrage SA raised its position in Quanex Building Products Corp. by 125.4% in the second quarter. BNP Paribas Arbitrage SA now owns 10,694 shares of the company’s stock valued at $199,000 after buying an additional 5,950 shares during the last quarter. BlackRock Advisors LLC raised its position in Quanex Building Products Corp. by 5.3% in the second quarter. BlackRock Advisors LLC now owns 16,387 shares of the company’s stock valued at $305,000 after buying an additional 831 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Quanex Building Products Corp. by 1.1% in the second quarter. Arizona State Retirement System now owns 17,736 shares of the company’s stock valued at $330,000 after buying an additional 200 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Quanex Building Products Corp. (NYSE:NX) opened at 16.90 on Monday. The firm has a 50-day moving average of $17.80 and a 200-day moving average of $18.84. The company has a market cap of $573.77 million, a price-to-earnings ratio of 225.33 and a beta of 1.15. Quanex Building Products Corp. has a 52 week low of $15.33 and a 52 week high of $21.66.

Quanex Building Products Corp. (NYSE:NX) last released its quarterly earnings data on Tuesday, September 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Quanex Building Products Corp. had a return on equity of 6.25% and a net margin of 0.30%. The company earned $248.10 million during the quarter. During the same period in the prior year, the company earned $0.28 EPS. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. Equities analysts forecast that Quanex Building Products Corp. will post $0.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, September 14th. Quanex Building Products Corp.’s dividend payout ratio is presently 228.60%.

Several research analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $23.00 price objective on shares of Quanex Building Products Corp. in a research note on Monday, October 10th. TheStreet lowered shares of Quanex Building Products Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Finally, Imperial Capital reduced their price objective on shares of Quanex Building Products Corp. from $25.00 to $22.50 and set an “outperform” rating on the stock in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.63.

Quanex Building Products Corp. Company Profile

Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry, including insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products, International Extrusion, and Corporate & Other.

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