Quanex Building Products Co. (NYSE:NX) Shares Sold by LSV Asset Management

LSV Asset Management lowered its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 923,555 shares of the construction company's stock after selling 24,993 shares during the quarter. LSV Asset Management owned approximately 2.79% of Quanex Building Products worth $28,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NX. Summit Global Investments boosted its holdings in shares of Quanex Building Products by 105.7% during the 4th quarter. Summit Global Investments now owns 15,112 shares of the construction company's stock valued at $462,000 after purchasing an additional 7,767 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Quanex Building Products by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 27,673 shares of the construction company's stock worth $846,000 after acquiring an additional 354 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Quanex Building Products by 493.5% during the 4th quarter. Russell Investments Group Ltd. now owns 71,482 shares of the construction company's stock valued at $2,185,000 after acquiring an additional 59,438 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Quanex Building Products by 13.3% in the 4th quarter. New York State Common Retirement Fund now owns 14,387 shares of the construction company's stock worth $440,000 after buying an additional 1,694 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Quanex Building Products by 14.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 229,978 shares of the construction company's stock worth $7,030,000 after buying an additional 29,662 shares during the last quarter. Institutional investors own 97.48% of the company's stock.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and set a $38.00 price target on shares of Quanex Building Products in a report on Tuesday, April 23rd.

Insider Buying and Selling

In other news, SVP Paul Cornett sold 3,064 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $37.72, for a total transaction of $115,574.08. Following the sale, the senior vice president now directly owns 43,902 shares of the company's stock, valued at $1,655,983.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is owned by company insiders.

Quanex Building Products Stock Up 0.9 %

NYSE NX traded up $0.33 during midday trading on Monday, hitting $35.11. 143,032 shares of the company traded hands, compared to its average volume of 164,604. The company has a market cap of $1.16 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.27 and a quick ratio of 1.31. Quanex Building Products Co. has a 52 week low of $19.51 and a 52 week high of $39.31. The company's 50-day simple moving average is $35.74 and its 200-day simple moving average is $32.47.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The construction company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. Quanex Building Products had a net margin of 7.84% and a return on equity of 17.11%. The firm had revenue of $239.16 million for the quarter, compared to the consensus estimate of $232.90 million. As a group, equities research analysts forecast that Quanex Building Products Co. will post 2.4 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Quanex Building Products's payout ratio is currently 12.17%.

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.