First Pacific Advisors LP Has $2.49 Million Stock Holdings in Quanex Building Products Corporation (NYSE:NX)

First Pacific Advisors LP grew its position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 78.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,678 shares of the construction company's stock after buying an additional 58,621 shares during the quarter. First Pacific Advisors LP owned approximately 0.28% of Quanex Building Products worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. grew its stake in Quanex Building Products by 124.9% during the first quarter. Pinnacle Associates Ltd. now owns 36,592 shares of the construction company's stock worth $680,000 after buying an additional 20,320 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Quanex Building Products by 31.1% during the first quarter. Segall Bryant & Hamill LLC now owns 1,367,758 shares of the construction company's stock worth $25,427,000 after purchasing an additional 324,548 shares in the last quarter. Signaturefd LLC lifted its position in shares of Quanex Building Products by 25,254.5% during the first quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock worth $52,000 after purchasing an additional 2,778 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Quanex Building Products by 6.6% during the first 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 in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Quanex Building Products during the first quarter worth approximately $190,000. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Price Performance

Shares of NX stock traded up $0.33 during trading hours on Friday, reaching $19.76. 211,276 shares of the company were exchanged, compared to its average volume of 401,281. Quanex Building Products Corporation has a fifty-two week low of $15.30 and a fifty-two week high of $34.97. The stock's fifty day moving average is $18.85 and its two-hundred day moving average is $19.35. The company has a market cap of $908.47 million, a price-to-earnings ratio of 33.49, a P/E/G ratio of 0.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.41 and a quick ratio of 1.26.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $452.48 million for the quarter, compared to analyst estimates of $440.05 million. Sell-side analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.32 annualized dividend and a yield of 1.62%. Quanex Building Products's dividend payout ratio is currently 54.24%.

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.