Wedge Capital Management L L P NC Decreases Stock Position in Quanex Building Products Co. (NYSE:NX)

Wedge Capital Management L L P NC reduced its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 174,900 shares of the construction company's stock after selling 18,328 shares during the period. Wedge Capital Management L L P NC owned approximately 0.37% of Quanex Building Products worth $3,251,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Quanex Building Products by 3,738.2% in the 1st quarter. GAMMA Investing LLC now owns 48,669 shares of the construction company's stock valued at $905,000 after purchasing an additional 47,401 shares during the last quarter. Moody National Bank Trust Division raised its stake in Quanex Building Products by 25.9% in the 1st quarter. Moody National Bank Trust Division now owns 42,514 shares of the construction company's stock valued at $790,000 after purchasing an additional 8,757 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Quanex Building Products in the 4th quarter valued at about $848,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Quanex Building Products by 12.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,573 shares of the construction company's stock valued at $1,686,000 after buying an additional 7,805 shares during the period. Finally, Systematic Financial Management LP grew its holdings in Quanex Building Products by 2.8% in the 4th quarter. Systematic Financial Management LP now owns 1,050,230 shares of the construction company's stock valued at $25,458,000 after buying an additional 28,228 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Trading Down 3.1%

NX traded down $0.62 during midday trading on Friday, hitting $19.31. The company's stock had a trading volume of 414,512 shares, compared to its average volume of 515,618. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market cap of $887.74 million, a P/E ratio of 17.24, a PEG ratio of 0.68 and a beta of 1.01. The firm has a 50-day moving average price of $17.49 and a two-hundred day moving average price of $20.84. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $34.97.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 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 analysts' expectations of $440.05 million. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. On average, research analysts anticipate that Quanex Building Products Co. will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, June 16th. Quanex Building Products's payout ratio is currently 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.