Segall Bryant & Hamill LLC Lowers Stock Holdings in Quanex Building Products Corporation $NX

Segall Bryant & Hamill LLC cut its holdings in shares of Quanex Building Products Corporation (NYSE:NX) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,300,978 shares of the construction company’s stock after selling 53,636 shares during the quarter. Segall Bryant & Hamill LLC owned about 2.84% of Quanex Building Products worth $18,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC increased its stake in shares of Quanex Building Products by 104.5% during the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock valued at $28,000 after acquiring an additional 750 shares during the last quarter. Allworth Financial LP grew its holdings in Quanex Building Products by 17,191.7% in the second quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2,063 shares during the period. Byrne Asset Management LLC acquired a new position in Quanex Building Products during the third quarter worth approximately $72,000. Tower Research Capital LLC TRC increased its position in Quanex Building Products by 210.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock worth $97,000 after purchasing an additional 3,484 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Quanex Building Products by 91.8% during the second quarter. BNP Paribas Financial Markets now owns 6,444 shares of the construction company’s stock worth $122,000 after purchasing an additional 3,084 shares during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Thursday, January 22nd. Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Benchmark reduced their price objective on Quanex Building Products from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.00.

Insiders Place Their Bets

In other Quanex Building Products news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $15.94, for a total value of $1,904,590.90. Following the completion of the sale, the insider owned 4,421,879 shares of the company’s stock, valued at $70,484,751.26. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.92% of the stock is currently owned by corporate insiders.

Quanex Building Products Stock Down 3.8%

Shares of NYSE NX opened at $19.55 on Wednesday. Quanex Building Products Corporation has a 12-month low of $11.04 and a 12-month high of $22.98. The company has a market cap of $898.13 million, a P/E ratio of -3.56, a P/E/G ratio of 0.69 and a beta of 0.91. The company has a current ratio of 2.04, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a fifty day moving average price of $19.01 and a 200 day moving average price of $16.58.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Thursday, December 11th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Quanex Building Products had a positive return on equity of 12.46% and a negative net margin of 13.65%.The company had revenue of $489.85 million for the quarter, compared to analysts’ expectations of $472.62 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Research analysts anticipate that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, March 17th. Quanex Building Products’s dividend payout ratio is currently -5.83%.

Quanex Building Products Company Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.