First Eagle Investment Management LLC Has $7.63 Million Stock Holdings in Quanex Building Products Co. (NYSE:NX)

First Eagle Investment Management LLC trimmed its holdings in Quanex Building Products Co. (NYSE:NX - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,455 shares of the construction company's stock after selling 29,346 shares during the period. First Eagle Investment Management LLC owned 0.75% of Quanex Building Products worth $7,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NX. Pacer Advisors Inc. boosted its stake in Quanex Building Products by 46.6% in the fourth quarter. Pacer Advisors Inc. now owns 791,876 shares of the construction company's stock valued at $24,208,000 after acquiring an additional 251,892 shares during the period. American Century Companies Inc. boosted its holdings in shares of Quanex Building Products by 19.1% during the third quarter. American Century Companies Inc. now owns 462,937 shares of the construction company's stock worth $13,041,000 after purchasing an additional 74,297 shares during the period. Russell Investments Group Ltd. increased its stake in Quanex Building Products by 493.5% in the 4th quarter. Russell Investments Group Ltd. now owns 71,482 shares of the construction company's stock valued at $2,185,000 after buying an additional 59,438 shares during the period. Advisors Preferred LLC purchased a new stake in Quanex Building Products in the 3rd quarter worth approximately $1,376,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Quanex Building Products by 14.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 229,978 shares of the construction company's stock valued at $7,030,000 after buying an additional 29,662 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Quanex Building Products

In other news, SVP Paul Cornett sold 3,064 shares of Quanex Building Products stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $37.72, for a total value of $115,574.08. Following the completion of the transaction, the senior vice president now owns 43,902 shares in the company, valued at $1,655,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.15% of the company's stock.

Quanex Building Products Stock Down 0.8 %

Shares of NYSE:NX traded down $0.27 during midday trading on Friday, hitting $33.93. 88,190 shares of the stock were exchanged, compared to its average volume of 195,397. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.31 and a current ratio of 2.27. Quanex Building Products Co. has a 52-week low of $20.42 and a 52-week high of $39.31. The business's fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $33.03. The company has a market capitalization of $1.12 billion, a PE ratio of 12.90, a P/E/G ratio of 1.01 and a beta of 1.38.

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

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, March 14th. Quanex Building Products's payout ratio is 12.17%.

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.