Millennium Management LLC Sells 166,142 Shares of Quanex Building Products Co. (NYSE:NX)

Millennium Management LLC reduced its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 87.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,326 shares of the construction company's stock after selling 166,142 shares during the period. Millennium Management LLC's holdings in Quanex Building Products were worth $565,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NX. Vanguard Group Inc. increased its stake in Quanex Building Products by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock valued at $127,693,000 after purchasing an additional 51,142 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Quanex Building Products by 29.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock worth $48,190,000 after buying an additional 449,646 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Quanex Building Products by 779.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock valued at $47,424,000 after buying an additional 1,733,932 shares during the period. Deprince Race & Zollo Inc. lifted its position in Quanex Building Products by 716.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company's stock valued at $26,942,000 after buying an additional 975,324 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Quanex Building Products by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company's stock valued at $25,533,000 after buying an additional 12,128 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

Shares of NX stock opened at $18.98 on Monday. The firm has a 50 day moving average of $17.25 and a two-hundred day moving average of $21.09. 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 Co. has a 52 week low of $15.30 and a 52 week high of $34.97. The stock has a market capitalization of $896.03 million, a PE ratio of 16.95, 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 quarterly earnings data 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. The company had revenue of $452.48 million during the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. On average, research analysts predict that Quanex Building Products Co. 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 Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, June 16th. Quanex Building Products's dividend payout ratio 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.

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