Segall Bryant & Hamill LLC lessened its holdings in shares of Quanex Building Products Corporation (NYSE:NX – Free Report) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,227,485 shares of the construction company’s stock after selling 29,311 shares during the period. Segall Bryant & Hamill LLC owned 2.67% of Quanex Building Products worth $22,058,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Quanex Building Products during the 1st quarter worth $17,970,000. Arrowstreet Capital Limited Partnership lifted its holdings in Quanex Building Products by 961.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 592,785 shares of the construction company’s stock worth $10,652,000 after buying an additional 536,949 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Quanex Building Products by 36.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company’s stock valued at $31,296,000 after buying an additional 462,992 shares during the last quarter. Western Standard LLC bought a new stake in shares of Quanex Building Products in the 4th quarter valued at about $4,219,000. Finally, IES Holdings Inc. acquired a new stake in shares of Quanex Building Products in the fourth quarter valued at about $3,846,000. Institutional investors own 97.48% of the company’s stock.
Wall Street Analysts Forecast Growth
NX has been the subject of a number of analyst reports. Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Quanex Building Products has an average rating of “Hold” and a consensus price target of $28.00.
Quanex Building Products Stock Up 0.1%
Shares of NYSE:NX opened at $17.83 on Friday. Quanex Building Products Corporation has a 1 year low of $11.04 and a 1 year high of $22.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23. The business’s 50-day moving average is $17.57 and its 200-day moving average is $18.62. The company has a market capitalization of $818.98 million, a price-to-earnings ratio of -3.17, a P/E/G ratio of 0.77 and a beta of 0.91.
Quanex Building Products (NYSE:NX – Get Free Report) last released its earnings results on Thursday, June 4th. The construction company reported $0.25 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 during the quarter, compared to analysts’ expectations of $459.27 million. Equities research analysts predict that Quanex Building Products Corporation will post 1.66 earnings per share for the current year.
Quanex Building Products Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.08 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.8%. Quanex Building Products’s payout ratio is currently -5.68%.
About Quanex Building Products
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.
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