Arrowstreet Capital Limited Partnership Sells 181,139 Shares of Quanex Building Products Co. (NYSE:NX)

Arrowstreet Capital Limited Partnership lessened its position in Quanex Building Products Co. (NYSE:NX) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,570 shares of the construction company’s stock after selling 181,139 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.85% of Quanex Building Products worth $9,734,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Quarry LP increased its holdings in Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after purchasing an additional 677 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in 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 acquiring an additional 605 shares in the last quarter. KBC Group NV boosted its position in Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,169 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Quanex Building Products during the 3rd quarter worth approximately $75,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Quanex Building Products in the third quarter valued at approximately $132,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Quanex Building Products Stock Performance

NX opened at $17.60 on Monday. The business’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $24.97. Quanex Building Products Co. has a 52-week low of $15.53 and a 52-week high of $38.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The firm has a market capitalization of $830.88 million, a PE ratio of 15.71, a PEG ratio of 0.68 and a beta of 1.08.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products’s payout ratio is presently 52.46%.

Quanex Building Products Company 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.