Quanex Building Products Co. (NYSE:NX) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in Quanex Building Products Co. (NYSE:NX) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,090 shares of the construction company’s stock after buying an additional 9,774 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Quanex Building Products worth $3,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NX. Pacer Advisors Inc. purchased a new stake in Quanex Building Products in the 4th quarter valued at $25,380,000. State Street Corp increased its stake in Quanex Building Products by 28.1% in the third quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock valued at $44,530,000 after purchasing an additional 351,778 shares during the period. Geode Capital Management LLC raised its holdings in shares of Quanex Building Products by 37.9% in the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after buying an additional 286,128 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Quanex Building Products by 318.9% during the third quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company’s stock worth $6,447,000 after buying an additional 176,949 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of Quanex Building Products during the third quarter worth about $4,766,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Quanex Building Products

In related news, CEO George Laverne Wilson purchased 4,328 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.15% of the company’s stock.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $19.28 on Friday. The stock has a fifty day moving average price of $22.51 and a 200 day moving average price of $26.40. Quanex Building Products Co. has a 1-year low of $18.99 and a 1-year high of $39.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The company has a market cap of $909.95 million, a PE ratio of 17.21, a P/E/G ratio of 0.68 and a beta of 1.28.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same period in the previous year, the firm posted $0.95 earnings per share. Sell-side analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.66%. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.