Russell Investments Group Ltd. Sells 6,214 Shares of Quanex Building Products Co. (NYSE:NX)

Russell Investments Group Ltd. lessened its stake in Quanex Building Products Co. (NYSE:NX – Get Rating) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,728 shares of the construction company’s stock after selling 6,214 shares during the period. Russell Investments Group Ltd.’s holdings in Quanex Building Products were worth $3,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NX. Bank of Montreal Can raised its position in shares of Quanex Building Products by 4.0% during the 1st quarter. Bank of Montreal Can now owns 25,162 shares of the construction company’s stock valued at $570,000 after acquiring an additional 963 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Quanex Building Products by 51.8% in the 1st quarter. MetLife Investment Management LLC now owns 19,110 shares of the construction company’s stock valued at $401,000 after buying an additional 6,525 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Quanex Building Products by 13.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,785 shares of the construction company’s stock valued at $604,000 after buying an additional 3,449 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Quanex Building Products by 6.2% in the 1st quarter. Yousif Capital Management LLC now owns 30,913 shares of the construction company’s stock valued at $649,000 after buying an additional 1,795 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Quanex Building Products by 6,352.9% in the 1st quarter. LSV Asset Management now owns 548,496 shares of the construction company’s stock valued at $11,513,000 after buying an additional 539,996 shares in the last quarter. Institutional investors own 98.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com assumed coverage on shares of Quanex Building Products in a research report on Thursday. They issued a “hold” rating for the company. Benchmark restated a “buy” rating and set a $28.00 price objective on shares of Quanex Building Products in a research note on Tuesday, March 14th.

Quanex Building Products Trading Up 2.5 %

Quanex Building Products stock opened at $21.04 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.22 and a quick ratio of 1.16. The firm has a 50-day moving average of $20.13 and a 200-day moving average of $22.95. The company has a market cap of $699.37 million, a price-to-earnings ratio of 8.80 and a beta of 1.35. Quanex Building Products Co. has a one year low of $18.00 and a one year high of $27.04.

Quanex Building Products (NYSE:NX – Get Rating) last issued its earnings results on Thursday, March 9th. The construction company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $261.92 million for the quarter. Quanex Building Products had a net margin of 6.50% and a return on equity of 18.33%.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.32 annualized dividend and a yield of 1.52%. Quanex Building Products’s dividend payout ratio is currently 13.39%.

Quanex Building Products Profile

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Quanex Building Products Corp. engages in the manufacture of components sold to original equipment manufacturers in the building products industry. It also designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components. The firm operates through the following segments: North American Fenestration, European Fenestration, North American Cabinet Components, and Unallocated Corporate and Other.