Quanex Building Products Corporation (NYSE:NX) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Quanex Building Products by 49.0%, selling 275,639 shares to hold 287,378 shares valued at $5.34 million.
• The company reported earnings per share of $0.60 for the last quarter, exceeding analyst expectations of $0.48, with revenue totaling $452.48 million.
• Quanex Building Products declared a quarterly dividend of $0.08 per share, translating to an annualized dividend of $0.32 and a yield of 1.62%.

Royce & Associates LP decreased its holdings in Quanex Building Products Corporation (NYSE:NX - Free Report) by 49.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,378 shares of the construction company's stock after selling 275,639 shares during the quarter. Royce & Associates LP owned about 0.61% of Quanex Building Products worth $5,342,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock worth $34,000 after acquiring an additional 1,267 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Quanex Building Products during the 4th quarter valued at about $44,000. GAMMA Investing LLC raised its stake in shares of Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock valued at $49,000 after buying an additional 1,350 shares during the last quarter. Signaturefd LLC raised its stake in shares of Quanex Building Products by 25,254.5% during the 1st quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock valued at $52,000 after buying an additional 2,778 shares during the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new position in shares of Quanex Building Products during the 1st quarter valued at about $190,000. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Performance

NYSE NX opened at $19.76 on Friday. The stock has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $19.33. The firm has a market capitalization of $908.41 million, a P/E ratio of 33.49, a PEG ratio of 0.54 and a beta of 1.03. Quanex Building Products Corporation has a fifty-two week low of $15.30 and a fifty-two week high of $34.97. 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 (NYSE:NX - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.12. The business had revenue of $452.48 million during the quarter, compared to analyst estimates of $440.05 million. Quanex Building Products had a return on equity of 10.02% and a net margin of 1.05%. On average, equities analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.62%. Quanex Building Products's 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.

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