Segall Bryant & Hamill LLC trimmed its position in shares of Quanex Building Products Corporation (NYSE:NX) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 436,424 shares of the construction company’s stock after selling 6,841 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.27% of Quanex Building Products worth $10,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC lifted its position in shares of Quanex Building Products by 2.3% in the first quarter. Teachers Advisors LLC now owns 54,409 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 1,238 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Quanex Building Products by 11.7% in the first quarter. Geode Capital Management LLC now owns 264,163 shares of the construction company’s stock valued at $5,349,000 after acquiring an additional 27,575 shares in the last quarter. State Street Corp lifted its position in shares of Quanex Building Products by 7.8% in the first quarter. State Street Corp now owns 797,179 shares of the construction company’s stock valued at $16,141,000 after acquiring an additional 57,344 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Quanex Building Products by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 6,746 shares of the construction company’s stock valued at $142,000 after acquiring an additional 2,946 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Quanex Building Products by 83.4% in the second quarter. Russell Investments Group Ltd. now owns 129,606 shares of the construction company’s stock valued at $2,741,000 after acquiring an additional 58,948 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

Several analysts have recently issued reports on NX shares. Zacks Investment Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wedbush upgraded Quanex Building Products from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $25.00 to $24.00 in a research report on Friday, September 8th. KeyCorp restated a “hold” rating on shares of Quanex Building Products in a research report on Friday, September 22nd. BidaskClub downgraded Quanex Building Products from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, TheStreet upgraded Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.00.

Quanex Building Products Corporation (NYSE NX) traded down $0.20 during trading on Friday, reaching $20.70. The company had a trading volume of 155,200 shares, compared to its average volume of 135,734. The firm has a market capitalization of $719.87, a price-to-earnings ratio of 24.59 and a beta of 0.70. Quanex Building Products Corporation has a 52-week low of $17.45 and a 52-week high of $23.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93.

Quanex Building Products (NYSE:NX) last released its earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The business had revenue of $229.40 million during the quarter, compared to analyst estimates of $235.45 million. Quanex Building Products had a net margin of 1.52% and a return on equity of 7.87%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. equities research analysts forecast that Quanex Building Products Corporation will post 0.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 0.77%. Quanex Building Products’s payout ratio is currently 42.11%.

In related news, VP Brent L. Korb sold 17,500 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $21.15, for a total value of $370,125.00. Following the completion of the transaction, the vice president now directly owns 94,679 shares in the company, valued at $2,002,460.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.32% of the company’s stock.

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Quanex Building Products Company Profile

Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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