Swiss National Bank continued to hold its position in Quanex Building Products Corporation (NYSE:NX) during the first quarter, Holdings Channel reports. The fund owned 52,800 shares of the construction company’s stock at the end of the first quarter. Swiss National Bank’s holdings in Quanex Building Products Corporation were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NX. BNP Paribas Arbitrage SA raised its position in Quanex Building Products Corporation by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 7,938 shares of the construction company’s stock worth $161,000 after buying an additional 403 shares during the period. Bank of New York Mellon Corp raised its position in Quanex Building Products Corporation by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 479,834 shares of the construction company’s stock worth $9,717,000 after buying an additional 22,970 shares during the period. Falcon Point Capital LLC raised its position in Quanex Building Products Corporation by 3.1% in the first quarter. Falcon Point Capital LLC now owns 57,995 shares of the construction company’s stock worth $1,174,000 after buying an additional 1,767 shares during the period. State Board of Administration of Florida Retirement System raised its position in Quanex Building Products Corporation by 13.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 39,340 shares of the construction company’s stock worth $797,000 after buying an additional 4,712 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in Quanex Building Products Corporation by 10.4% in the first quarter. Great West Life Assurance Co. Can now owns 47,807 shares of the construction company’s stock worth $966,000 after buying an additional 4,503 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Shares of Quanex Building Products Corporation (NX) opened at 21.10 on Friday. The firm’s 50-day moving average price is $20.47 and its 200-day moving average price is $20.14. Quanex Building Products Corporation has a one year low of $15.41 and a one year high of $21.90. The stock’s market capitalization is $720.71 million.

Quanex Building Products Corporation (NYSE:NX) last announced its earnings results on Tuesday, May 30th. The construction company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $209.10 million during the quarter, compared to the consensus estimate of $205.27 million. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The company’s revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. Equities research analysts anticipate that Quanex Building Products Corporation will post $0.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.16 annualized dividend and a dividend yield of 0.76%. Quanex Building Products Corporation’s dividend payout ratio is presently -533.16%.

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Separately, Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Friday, March 10th.

In other news, SVP Kevin P. Delaney sold 9,971 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $21.53, for a total transaction of $214,675.63. Following the completion of the sale, the senior vice president now directly owns 113,442 shares in the company, valued at $2,442,406.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin P. Delaney sold 13,642 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $21.01, for a total value of $286,618.42. Following the sale, the senior vice president now owns 111,991 shares of the company’s stock, valued at $2,352,930.91. The disclosure for this sale can be found here. Insiders have sold 104,809 shares of company stock valued at $2,230,713 over the last 90 days. Insiders own 5.32% of the company’s stock.

About Quanex Building Products Corporation

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 Corporation (NYSE:NX).

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

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