Goodnow Investment Group buys $4,168,007 stake in Quanex Building Products Corporation (NX)

Quanex Building Products Corporation (NX) : Goodnow Investment Group scooped up 157,507 additional shares in Quanex Building Products Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 207,777 shares of Quanex Building Products Corporation which is valued at $4,168,007.Quanex Building Products Corporation makes up approximately 0.91% of Goodnow Investment Group’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in NX in the latest quarter, The investment management firm added 1,390 additional shares and now holds a total of 17,731 shares of Quanex Building Products Corporation which is valued at $355,684. Investment Counselors Of Maryland added NX to its portfolio by purchasing 697,600 company shares during the most recent quarter which is valued at $14,224,064. Quanex Building Products Corporation makes up approx 0.74% of Investment Counselors Of Maryland’s portfolio. Wedge Capital Management L L Pnc added NX to its portfolio by purchasing 19,900 company shares during the most recent quarter which is valued at $397,801.Cooke Bieler Lp boosted its stake in NX in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 1,680,242 shares of Quanex Building Products Corporation which is valued at $33,588,038. Quanex Building Products Corporation makes up approx 0.72% of Cooke Bieler Lp’s portfolio.

Quanex Building Products Corporation closed down -1.29 points or -6.55% at $18.39 with 984,028 shares getting traded on Wednesday. Post opening the session at $18, the shares hit an intraday low of $17.0301 and an intraday high of $18.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Quanex Building Products Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Sep 6, 2016. Analyst had a consensus of $0.29. The company had revenue of $248.09 million for the quarter, compared to analysts expectations of $254.01 million. The company’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Quanex Building Products Corporation. Quanex Building Products Corporation was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 10, 2016.

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. Its Engineered Products segment consists of four operating segments focused on the fenestration market primarily within North America. Its International Extrusion segment consists of a United Kingdom-based vinyl extrusion business. It also manufactures certain non-fenestration components and products which include solar panel sealants fencing water retention barriers hardware and conservatory roof components. It serves a customer base in North America and the United Kingdom and also serves customers in international markets through its operating plants in the United Kingdom and Germany.

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