Jane Street Group LLC lessened its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,604 shares of the construction company's stock after selling 15,214 shares during the quarter. Jane Street Group LLC's holdings in Quanex Building Products were worth $209,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co increased its stake in shares of Quanex Building Products by 1.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 45,277 shares of the construction company's stock worth $1,097,000 after purchasing an additional 562 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Quanex Building Products by 5.1% in the 4th quarter. Hancock Whitney Corp now owns 12,672 shares of the construction company's stock valued at $307,000 after purchasing an additional 612 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Quanex Building Products by 1.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company's stock valued at $1,702,000 after purchasing an additional 1,019 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Quanex Building Products by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 23,598 shares of the construction company's stock worth $572,000 after acquiring an additional 1,048 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company's stock worth $69,000 after acquiring an additional 1,169 shares during the period. Institutional investors and hedge funds own 97.48% of the company's stock.
Quanex Building Products Trading Down 0.6%
Shares of NX stock opened at $17.04 on Friday. Quanex Building Products Co. has a 12-month low of $15.30 and a 12-month high of $34.97. The company has a market capitalization of $804.49 million, a P/E ratio of 15.22, a P/E/G ratio of 0.68 and a beta of 1.01. The firm has a 50-day moving average price of $17.24 and a 200 day moving average price of $21.29. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73.
Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.12. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. The firm had revenue of $452.48 million during the quarter, compared to analysts' expectations of $440.05 million. Research analysts forecast that Quanex Building Products Co. will post 2.18 earnings per share for the current fiscal year.
Quanex Building Products Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, June 16th. Quanex Building Products's dividend payout ratio is 52.46%.
Quanex Building Products Profile
(
Free Report)
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.
See Also
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 Co. (NYSE:NX - Free Report).
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