Jane Street Group LLC Lowers Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Jane Street Group LLC reduced its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 63.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of Quanex Building Products by 10.2% during the fourth quarter. Northern Trust Corp now owns 490,246 shares of the construction company's stock valued at $11,884,000 after buying an additional 45,193 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Quanex Building Products by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 23,598 shares of the construction company's stock worth $572,000 after purchasing an additional 1,048 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Quanex Building Products by 5.1% during the fourth quarter. Hancock Whitney Corp now owns 12,672 shares of the construction company's stock worth $307,000 after purchasing an additional 612 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Quanex Building Products by 23.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,892 shares of the construction company's stock worth $434,000 after purchasing an additional 3,411 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Quanex Building Products by 5.1% during the fourth quarter. MetLife Investment Management LLC now owns 27,074 shares of the construction company's stock worth $656,000 after purchasing an additional 1,317 shares during the period. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Stock Up 0.8%

NX traded up $0.14 on Monday, hitting $19.04. The company had a trading volume of 920,970 shares, compared to its average volume of 509,187. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $34.97. The stock has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $21.01. The firm has a market capitalization of $898.95 million, a P/E ratio of 17.00, a P/E/G ratio of 0.68 and a beta of 1.01.

Quanex Building Products (NYSE:NX - Get Free Report) last released its earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) 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 analyst estimates of $440.05 million. As a group, equities analysts expect that Quanex Building Products Co. will post 2.18 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, June 16th. Quanex Building Products's dividend payout ratio (DPR) is presently 54.24%.

About Quanex Building Products

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.