Segall Bryant & Hamill LLC Purchases 324,548 Shares of Quanex Building Products Corporation (NYSE:NX)

Segall Bryant & Hamill LLC boosted its stake in Quanex Building Products Corporation (NYSE:NX - Free Report) by 31.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,367,758 shares of the construction company's stock after purchasing an additional 324,548 shares during the quarter. Segall Bryant & Hamill LLC owned about 2.90% of Quanex Building Products worth $25,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Quanex Building Products by 25,254.5% in the first quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock worth $52,000 after acquiring an additional 2,778 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Quanex Building Products by 6.6% during the first quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company's stock worth $298,000 after buying an additional 997 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of Quanex Building Products during the first quarter worth about $190,000. Janney Montgomery Scott LLC boosted its position in shares of Quanex Building Products by 9.6% during the first quarter. Janney Montgomery Scott LLC now owns 21,438 shares of the construction company's stock worth $399,000 after buying an additional 1,885 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in shares of Quanex Building Products by 2.4% during the first quarter. SummerHaven Investment Management LLC now owns 29,431 shares of the construction company's stock worth $547,000 after buying an additional 685 shares during the period. Institutional investors own 97.48% of the company's stock.

Quanex Building Products Stock Down 2.2%

Shares of NX stock traded down $0.41 on Friday, hitting $18.43. 467,280 shares of the stock were exchanged, compared to its average volume of 526,449. The business has a 50-day moving average of $18.78 and a 200 day moving average of $19.49. 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 current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $847.23 million, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.12. The company had revenue of $452.48 million for 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%. Equities analysts anticipate that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, June 16th. 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.