Quanex Building Products Co. (NYSE:NX) Shares Sold by EMC Capital Management

EMC Capital Management cut its stake in shares of Quanex Building Products Co. (NYSE:NXFree Report) by 59.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,061 shares of the construction company’s stock after selling 9,049 shares during the quarter. EMC Capital Management’s holdings in Quanex Building Products were worth $171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Quanex Building Products by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,797,308 shares of the construction company’s stock worth $68,959,000 after purchasing an additional 16,153 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Quanex Building Products by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,584,718 shares of the construction company’s stock valued at $55,647,000 after buying an additional 70,348 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Quanex Building Products by 13.8% in the first quarter. Ameriprise Financial Inc. now owns 1,344,920 shares of the construction company’s stock valued at $28,956,000 after buying an additional 162,588 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Quanex Building Products by 2.6% in the first quarter. Segall Bryant & Hamill LLC now owns 1,250,368 shares of the construction company’s stock valued at $26,920,000 after buying an additional 31,154 shares during the last quarter. Finally, State Street Corp lifted its stake in Quanex Building Products by 0.9% in the third quarter. State Street Corp now owns 1,229,937 shares of the construction company’s stock valued at $22,336,000 after buying an additional 10,954 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

Quanex Building Products stock opened at $33.80 on Tuesday. Quanex Building Products Co. has a 12 month low of $18.71 and a 12 month high of $35.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.03 and a quick ratio of 1.30. The business has a 50 day simple moving average of $31.39 and a 200-day simple moving average of $29.24. The stock has a market capitalization of $1.12 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.34.

Quanex Building Products (NYSE:NXGet Free Report) last released its quarterly earnings results on Friday, December 15th. The construction company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.71 by $0.24. Quanex Building Products had a return on equity of 17.83% and a net margin of 7.30%. The business had revenue of $295.49 million during the quarter, compared to analysts’ expectations of $289.90 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities analysts predict that Quanex Building Products Co. will post 2.42 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, December 18th. Quanex Building Products’s dividend payout ratio is presently 12.80%.

Analysts Set New Price Targets

Separately, Benchmark boosted their price objective on Quanex Building Products from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th.

View Our Latest Analysis on NX

Insider Buying and Selling

In other Quanex Building Products news, Director William C. Griffiths sold 28,296 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $32.20, for a total value of $911,131.20. Following the sale, the director now owns 52,619 shares of the company’s stock, valued at $1,694,331.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Quanex Building Products news, Director William C. Griffiths sold 28,296 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $32.20, for a total value of $911,131.20. Following the sale, the director now owns 52,619 shares of the company’s stock, valued at $1,694,331.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan F. Davis sold 9,889 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $30.76, for a total value of $304,185.64. The disclosure for this sale can be found here. Insiders have sold 67,173 shares of company stock valued at $2,117,337 over the last quarter. Company insiders own 2.15% of the company’s stock.

About Quanex Building Products

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding NX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanex Building Products Co. (NYSE:NXFree Report).

Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.