Dynamic Technology Lab Private Ltd Decreases Holdings in Quanex Building Products Co. (NYSE:NX)

Dynamic Technology Lab Private Ltd decreased its position in shares of Quanex Building Products Co. (NYSE:NX) by 16.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 27,286 shares of the construction company’s stock after selling 5,437 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Quanex Building Products were worth $757,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Quanex Building Products by 65.4% in the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after buying an additional 393 shares in the last quarter. Innealta Capital LLC purchased a new stake in Quanex Building Products in the 2nd quarter valued at approximately $46,000. nVerses Capital LLC lifted its stake in Quanex Building Products by 900.0% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock valued at $55,000 after buying an additional 1,800 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Quanex Building Products by 10,450.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock valued at $59,000 after buying an additional 2,090 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in Quanex Building Products by 9,011.1% in the 2nd quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock valued at $91,000 after buying an additional 3,244 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Quanex Building Products Trading Down 6.7 %

Shares of Quanex Building Products stock opened at $28.81 on Friday. Quanex Building Products Co. has a fifty-two week low of $24.85 and a fifty-two week high of $39.31. The firm has a market cap of $1.36 billion, a PE ratio of 12.80, a P/E/G ratio of 0.75 and a beta of 1.25. The business’s fifty day moving average is $29.22 and its two-hundred day moving average is $29.36. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. The company had revenue of $280.35 million for the quarter, compared to analyst estimates of $278.00 million. During the same quarter in the prior year, the company posted $0.97 EPS. Analysts anticipate that Quanex Building Products Co. will post 2.15 earnings per share for the current year.

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.