Quanex Building Products Corporation (NYSE:NX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Quanex Building Products Corporation (NYSE:NX - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,872,802 shares of the construction company's stock after selling 83,652 shares during the period. Principal Financial Group Inc. owned approximately 3.97% of Quanex Building Products worth $34,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NX. Deprince Race & Zollo Inc. raised its stake in shares of Quanex Building Products by 716.4% during the 4th 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. Balyasny Asset Management L.P. raised its stake in shares of Quanex Building Products by 442.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company's stock valued at $21,609,000 after buying an additional 727,125 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Quanex Building Products by 29.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock valued at $48,190,000 after buying an additional 449,646 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Quanex Building Products during the 4th quarter valued at about $3,665,000. Finally, ExodusPoint Capital Management LP raised its stake in shares of Quanex Building Products by 301.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 140,986 shares of the construction company's stock valued at $3,418,000 after buying an additional 105,907 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company's stock.

Quanex Building Products Price Performance

Shares of Quanex Building Products stock traded down $0.61 on Friday, hitting $20.26. The company's stock had a trading volume of 320,712 shares, compared to its average volume of 527,278. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.26 and a current ratio of 2.41. Quanex Building Products Corporation has a 1 year low of $15.30 and a 1 year high of $34.97. The firm has a fifty day moving average price of $18.60 and a 200-day moving average price of $19.69. The company has a market capitalization of $931.35 million, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.02% and a net margin of 1.05%. The firm had revenue of $452.48 million during the quarter, compared to analyst estimates of $440.05 million. As a group, sell-side analysts anticipate that Quanex Building Products Corporation 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 was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.08 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. Quanex Building Products's dividend payout ratio is presently 54.24%.

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.