Quanex Building Products Co. (NYSE:NX) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in shares of Quanex Building Products Co. (NYSE:NX) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,228 shares of the construction company’s stock after selling 1,186 shares during the period. Wedge Capital Management L L P NC’s holdings in Quanex Building Products were worth $4,684,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NX. GAMMA Investing LLC grew its position in Quanex Building Products by 65.4% during the third quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after purchasing an additional 393 shares in the last quarter. Quarry LP lifted its stake in shares of Quanex Building Products by 150.8% in the 3rd 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 last quarter. Point72 Hong Kong Ltd bought a new stake in Quanex Building Products in the third quarter worth $37,000. Public Employees Retirement System of Ohio boosted its holdings in Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after purchasing an additional 605 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Quanex Building Products by 10,450.0% during the third quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock valued at $59,000 after buying an additional 2,090 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Insiders Place Their Bets

In other Quanex Building Products news, CEO George Laverne Wilson acquired 4,328 shares of Quanex Building Products stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.15% of the company’s stock.

Quanex Building Products Trading Up 1.7 %

Shares of Quanex Building Products stock opened at $24.21 on Monday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.69 and a beta of 1.30. Quanex Building Products Co. has a 1 year low of $21.48 and a 1 year high of $39.31. The company’s fifty day simple moving average is $26.93 and its 200-day simple moving average is $28.06. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share (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 quarter in the prior year, the business posted $0.95 EPS. As a group, sell-side analysts expect that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 1.32%. Quanex Building Products’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

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

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.