First Trust Advisors LP Cuts Stock Position in Quanex Building Products Co. (NYSE:NX)

First Trust Advisors LP lessened its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,499 shares of the construction company's stock after selling 27,139 shares during the period. First Trust Advisors LP owned about 0.24% of Quanex Building Products worth $2,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NX. Principal Financial Group Inc. increased its stake in shares of Quanex Building Products by 779.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock valued at $47,424,000 after acquiring an additional 1,733,932 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Quanex Building Products in the fourth quarter valued at approximately $25,380,000. Impax Asset Management Group plc acquired a new position in Quanex Building Products during the fourth quarter worth approximately $8,187,000. ExodusPoint Capital Management LP raised its stake in Quanex Building Products by 301.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 140,986 shares of the construction company's stock worth $3,418,000 after purchasing an additional 105,907 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Quanex Building Products by 60.5% in the 4th quarter. Russell Investments Group Ltd. now owns 276,088 shares of the construction company's stock valued at $6,692,000 after purchasing an additional 104,056 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company's stock.

Quanex Building Products Trading Down 1.3 %

Shares of NYSE NX traded down $0.22 during trading on Wednesday, hitting $16.54. 343,609 shares of the company traded hands, compared to its average volume of 488,577. The firm has a market capitalization of $780.84 million, a P/E ratio of 14.77, a P/E/G ratio of 0.68 and a beta of 1.01. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $18.02 and a 200-day moving average price of $23.07. Quanex Building Products Co. has a 1 year low of $15.30 and a 1 year high of $35.26.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.93%. Quanex Building Products's dividend payout ratio is presently 52.46%.

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.