Quanex Building Products Co. (NYSE:NX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Quanex Building Products Co. (NYSE:NX) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,340 shares of the construction company’s stock after selling 767 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Quanex Building Products worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its holdings in Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after purchasing an additional 677 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Quanex Building Products in the 3rd quarter valued at about $37,000. Public Employees Retirement System of Ohio boosted its stake in shares of Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after buying an additional 605 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Quanex Building Products during the third quarter worth about $75,000. Finally, KBC Group NV increased its stake in shares of Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after buying an additional 1,169 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

Shares of Quanex Building Products stock opened at $18.29 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 52 week low of $18.14 and a 52 week high of $38.98. The firm’s 50 day moving average is $20.62 and its two-hundred day moving average is $25.19. The firm has a market capitalization of $863.64 million, a P/E ratio of 16.33, a P/E/G ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.75%. Quanex Building Products’s payout ratio is 52.46%.

Analyst Upgrades and Downgrades

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

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.