Empowered Funds LLC Has $4.29 Million Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Empowered Funds LLC reduced its stake in Quanex Building Products Co. (NYSE:NX) by 28.8% during the 4th quarter, Holdings Channel reports. The firm owned 177,144 shares of the construction company’s stock after selling 71,669 shares during the period. Empowered Funds LLC’s holdings in Quanex Building Products were worth $4,294,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Choreo LLC acquired a new position in shares of Quanex Building Products during the 4th quarter worth about $318,000. EMC Capital Management grew its holdings in Quanex Building Products by 96.3% during the fourth quarter. EMC Capital Management now owns 9,448 shares of the construction company’s stock valued at $229,000 after purchasing an additional 4,634 shares during the period. Pacer Advisors Inc. bought a new stake in Quanex Building Products in the fourth quarter valued at approximately $25,380,000. KBC Group NV raised its holdings in Quanex Building Products by 69.8% in the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,169 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of Quanex Building Products by 11.6% during the fourth quarter. Inspire Investing LLC now owns 16,582 shares of the construction company’s stock worth $402,000 after purchasing an additional 1,720 shares in the last quarter. 97.48% of the stock is 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 research report on Sunday, December 22nd.

Quanex Building Products Stock Performance

Shares of NX opened at $22.22 on Wednesday. The firm’s 50 day moving average price is $24.21 and its two-hundred day moving average price is $27.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. Quanex Building Products Co. has a twelve month low of $19.57 and a twelve month high of $39.31. The firm has a market cap of $1.05 billion, a P/E ratio of 19.84, a PEG ratio of 0.70 and a beta of 1.28.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.95 earnings per share. On average, analysts forecast that Quanex Building Products Co. will post 2.26 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, December 16th. Quanex Building Products’s dividend payout ratio is presently 28.57%.

Insider Buying and Selling at Quanex Building Products

In other Quanex Building Products news, CEO George Laverne Wilson purchased 4,328 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, for a total transaction of $99,673.84. Following the purchase, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.15% of the company’s stock.

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.