Balter Liquid Alternatives buys $2,524,072 stake in Quanex Building Products Corporation (NX)

Quanex Building Products Corporation (NX) : Balter Liquid Alternatives scooped up 2,151 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 Nov 14, 2016. The investment management firm now holds a total of 130,443 shares of Quanex Building Products Corporation which is valued at $2,524,072.Quanex Building Products Corporation makes up approximately 5.78% of Balter Liquid Alternatives’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in NX in the latest quarter, The investment management firm added 666 additional shares and now holds a total of 23,386 shares of Quanex Building Products Corporation which is valued at $420,948.Geode Capital Management boosted its stake in NX in the latest quarter, The investment management firm added 2,965 additional shares and now holds a total of 225,667 shares of Quanex Building Products Corporation which is valued at $3,723,506. Laurion Capital Management Lp sold out all of its stake in NX during the most recent quarter. The investment firm sold 10,400 shares of NX which is valued $171,600.Quantbot Technologies Lp reduced its stake in NX by selling 392 shares or 7.55% in the most recent quarter. The Hedge Fund company now holds 4,800 shares of NX which is valued at $75,120. Quanex Building Products Corporation makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Cooke Bieler Lp boosted its stake in NX in the latest quarter, The investment management firm added 274,970 additional shares and now holds a total of 1,955,212 shares of Quanex Building Products Corporation which is valued at $31,674,434. Quanex Building Products Corporation makes up approx 0.68% of Cooke Bieler Lp’s portfolio.

Quanex Building Products Corporation opened for trading at $19.45 and hit $19.6 on the upside on Monday, eventually ending the session at $19.55, with a gain of 1.03% or 0.2 points. The heightened volatility saw the trading volume jump to 1,33,560 shares. Company has a market cap of $669 M.

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 Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Oct 18, 2016. Shares were Reiterated by Imperial Capital on Sep 8, 2016 to “Outperform” and Lowered the Price Target to $ 22.50 from a previous price target of $25 .

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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