Swiss National Bank Sells 7,400 Shares of Quanex Building Products Co. (NYSE:NX)

Swiss National Bank lowered its position in Quanex Building Products Co. (NYSE:NX) by 10.2% during the 4th quarter, Holdings Channel reports. The fund owned 65,000 shares of the construction company’s stock after selling 7,400 shares during the period. Swiss National Bank’s holdings in Quanex Building Products were worth $1,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Quanex Building Products during the third quarter worth about $372,000. Illinois Municipal Retirement Fund bought a new stake in Quanex Building Products during the 3rd quarter worth approximately $528,000. Quantbot Technologies LP purchased a new stake in shares of Quanex Building Products in the third quarter worth approximately $83,000. Advisors Preferred LLC bought a new position in shares of Quanex Building Products in the third quarter valued at approximately $1,376,000. Finally, First Eagle Investment Management LLC boosted its position in shares of Quanex Building Products by 8.9% during the third quarter. First Eagle Investment Management LLC now owns 278,801 shares of the construction company’s stock valued at $7,854,000 after buying an additional 22,682 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Trading Up 0.6 %

Shares of NX stock opened at $32.50 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.31 and a current ratio of 2.27. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.97 and a beta of 1.38. Quanex Building Products Co. has a 52-week low of $20.56 and a 52-week high of $39.31. The company has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $33.11.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, March 7th. The construction company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $239.16 million for the quarter, compared to analyst estimates of $232.90 million. Quanex Building Products had a return on equity of 17.11% and a net margin of 7.84%. Research analysts anticipate that Quanex Building Products Co. will post 2.4 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. Quanex Building Products’s dividend payout ratio (DPR) is presently 12.17%.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research report on Tuesday, April 23rd.

Insiders Place Their Bets

In other news, SVP Paul Cornett sold 3,064 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $37.72, for a total transaction of $115,574.08. Following the completion of the sale, the senior vice president now owns 43,902 shares in the company, valued at approximately $1,655,983.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.15% of the company’s stock.

Quanex Building Products Profile

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.