Principal Financial Group Inc. Sells 11,148 Shares of Quanex Building Products Co. (NYSE:NX)

Principal Financial Group Inc. lessened its stake in shares of Quanex Building Products Co. (NYSE:NXFree Report) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 178,238 shares of the construction company’s stock after selling 11,148 shares during the quarter. Principal Financial Group Inc.’s holdings in Quanex Building Products were worth $5,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NX. State of Wyoming raised its holdings in shares of Quanex Building Products by 40.4% in the fourth quarter. State of Wyoming now owns 1,435 shares of the construction company’s stock worth $34,000 after buying an additional 413 shares during the period. Captrust Financial Advisors increased its stake in Quanex Building Products by 63.1% in the first quarter. Captrust Financial Advisors now owns 2,316 shares of the construction company’s stock worth $49,000 after purchasing an additional 896 shares during the period. Strs Ohio bought a new stake in shares of Quanex Building Products during the third quarter worth $59,000. Tower Research Capital LLC TRC boosted its stake in shares of Quanex Building Products by 139.2% during the third quarter. Tower Research Capital LLC TRC now owns 3,600 shares of the construction company’s stock valued at $66,000 after purchasing an additional 2,095 shares during the period. Finally, FMR LLC grew its holdings in shares of Quanex Building Products by 43.7% in the second quarter. FMR LLC now owns 2,938 shares of the construction company’s stock worth $67,000 after purchasing an additional 893 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark lifted their price objective on shares of Quanex Building Products from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, December 19th.

Get Our Latest Research Report on Quanex Building Products

Insider Transactions at Quanex Building Products

In other Quanex Building Products news, Director Curtis M. Stevens sold 4,880 shares of Quanex Building Products stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $30.46, for a total value of $148,644.80. Following the transaction, the director now owns 5,009 shares in the company, valued at $152,574.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Quanex Building Products news, Director William C. Griffiths sold 24,108 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.25, for a total value of $753,375.00. Following the completion of the sale, the director now owns 80,915 shares of the company’s stock, valued at $2,528,593.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Curtis M. Stevens sold 4,880 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $30.46, for a total transaction of $148,644.80. Following the transaction, the director now owns 5,009 shares in the company, valued at approximately $152,574.14. The disclosure for this sale can be found here. In the last three months, insiders sold 67,173 shares of company stock valued at $2,117,337. Corporate insiders own 2.15% of the company’s stock.

Quanex Building Products Stock Up 0.5 %

Shares of NYSE:NX opened at $31.11 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.03 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $31.28 and its 200 day moving average is $29.09. The stock has a market cap of $1.03 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.34. Quanex Building Products Co. has a 52-week low of $18.71 and a 52-week high of $35.03.

Quanex Building Products (NYSE:NXGet Free Report) last released its quarterly earnings data on Friday, December 15th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.24. The firm had revenue of $295.49 million during the quarter, compared to the consensus estimate of $289.90 million. Quanex Building Products had a return on equity of 17.83% and a net margin of 7.30%. During the same period in the previous year, the company posted $0.75 earnings per share. Sell-side analysts predict that Quanex Building Products Co. will post 2.42 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were issued a $0.08 dividend. The ex-dividend date was Monday, December 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. Quanex Building Products’s dividend payout ratio is presently 12.80%.

Quanex Building Products Profile

(Free Report)

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.

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

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