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

Segall Bryant & Hamill LLC raised its position in Quanex Building Products Corporation (NYSE:NX - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 2.90% of Quanex Building Products worth $25,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NX. Sterling Capital Management LLC raised its stake in shares of 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 valued at $34,000 after purchasing an additional 1,267 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Quanex Building Products in the fourth quarter valued at about $44,000. GAMMA Investing LLC increased its position in shares of Quanex Building Products by 106.5% in the first quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock valued at $49,000 after acquiring an additional 1,350 shares during the last quarter. Signaturefd LLC increased its position 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 valued at $52,000 after acquiring an additional 2,778 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new stake in shares of Quanex Building Products in the first quarter valued at about $190,000. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Down 2.2%

Shares of NYSE:NX traded down $0.41 during midday trading on Friday, reaching $18.43. The company had a trading volume of 467,280 shares, compared to its average volume of 526,449. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.75. The business's 50 day moving average price is $18.78 and its 200 day moving average price is $19.49. The stock has a market cap of $847.23 million, a PE ratio of 31.24, a P/E/G ratio of 0.51 and a beta of 1.03. Quanex Building Products Corporation has a 1-year low of $15.30 and a 1-year high of $34.97.

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 analysts' consensus estimates of $0.48 by $0.12. The business had revenue of $452.48 million for the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products had a return on equity of 10.02% and a net margin of 1.05%. Research analysts forecast that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Monday, June 16th. Quanex Building Products's payout ratio is currently 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.