First Pacific Advisors LP Has $1.82 Million Holdings in Quanex Building Products Co. (NYSE:NX)

First Pacific Advisors LP trimmed its stake in Quanex Building Products Co. (NYSE:NX) by 47.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,057 shares of the construction company’s stock after selling 67,443 shares during the period. First Pacific Advisors LP owned about 0.16% of Quanex Building Products worth $1,819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Quanex Building Products by 10,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after purchasing an additional 2,090 shares in the last quarter. Amalgamated Bank boosted its stake in Quanex Building Products by 34.4% during the third quarter. Amalgamated Bank now owns 13,535 shares of the construction company’s stock worth $376,000 after buying an additional 3,468 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Quanex Building Products by 28.8% in the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock valued at $6,175,000 after buying an additional 49,716 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Quanex Building Products by 22.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 69,211 shares of the construction company’s stock valued at $1,921,000 after buying an additional 12,895 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Quanex Building Products by 38.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock worth $3,197,000 after acquiring an additional 32,158 shares during the period. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

Quanex Building Products stock opened at $20.19 on Monday. The business has a 50 day simple moving average of $21.95 and a 200 day simple moving average of $26.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The company has a market capitalization of $953.15 million, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. Quanex Building Products Co. has a one year low of $18.14 and a one year high of $39.31.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same period last year, the firm earned $0.95 EPS. On average, sell-side analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.58%. Quanex Building Products’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

Insider Buying and Selling at Quanex Building Products

In other news, CEO George Laverne Wilson bought 4,328 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $23.03 per share, with a total value of $99,673.84. Following the purchase, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.

About Quanex Building Products

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.