American Century Companies Inc. Sells 108,692 Shares of Quanex Building Products Corporation $NX

Key Points

• American Century Companies Inc. has reduced its stake in Quanex Building Products Corporation by 12.0%, selling 108,692 shares and now owning approximately 796,298 shares valued at $14.8 million.
• Several institutional investors have adjusted their positions, with Signaturefd LLC increasing its holdings by over 25,000% in the first quarter.
• Quanex Building Products recently announced a quarterly dividend of $0.08, representing an annual yield of 1.4%, with a payout ratio of 54.24% as of the latest financial filings.

American Century Companies Inc. lessened its holdings in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 796,298 shares of the construction company's stock after selling 108,692 shares during the period. American Century Companies Inc. owned 1.69% of Quanex Building Products worth $14,803,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock worth $49,000 after purchasing an additional 1,350 shares during the period. Signaturefd LLC boosted its position in Quanex Building Products by 25,254.5% in the 1st quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock valued at $52,000 after buying an additional 2,778 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in shares of Quanex Building Products during the 1st quarter worth $190,000. Algert Global LLC purchased a new stake in shares of Quanex Building Products during the 4th quarter worth $213,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Quanex Building Products by 6.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company's stock worth $298,000 after purchasing an additional 997 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company's stock.

Quanex Building Products Trading Down 0.5%

Shares of Quanex Building Products stock traded down $0.10 during trading hours on Friday, hitting $21.27. The company's stock had a trading volume of 350,823 shares, compared to its average volume of 376,671. Quanex Building Products Corporation has a 1-year low of $15.30 and a 1-year high of $32.23. The business has a fifty day moving average of $20.09 and a 200 day moving average of $19.03. The company has a market capitalization of $977.78 million, a PE ratio of 36.05, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.75.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The construction company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.12. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. The firm had revenue of $452.48 million for the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. Quanex Building Products's payout ratio is 54.24%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Quanex Building Products to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

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.