Sei Investments Co. reduces position in Quanex Building Products Co. (NYSE:NX)

Sei Investments Co. trimmed its holdings in Quanex Building Products Co. (NYSE:NX – Free Report) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,915 shares of the construction company after selling 8,540 shares during the quarter. Sei Investments Co. owned 0.14% of Quanex Building Products worth $1,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Quanex Building Products during the first quarter worth approximately $216,000. Empowered Funds LLC increased its holdings in shares of Quanex Building Products by 3.3% during the first quarter. Empowered Funds LLC now owns 207,819 shares of the construction company’s stock worth $7,986,000 after purchasing an additional 6,678 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of Quanex Building Products by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 28,972 shares of the construction company’s stock worth $1,113,000 after purchasing an additional 477 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Quanex Building Products in the first quarter worth $219,000. Finally, Janney Montgomery Scott LLC increased its position in Quanex Building Products by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company’s stock worth $598,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 97.48% of the company’s shares.

Quanex Building Products Price Performance

NYSE NX opened Friday at $34.07. The company’s fifty-day moving average is $29.95 and its 200-day moving average is $32.74. Quanex Building Products Co. has a fifty-two week low of $24.97 and a fifty-two week high of $39.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 2.22. The company has a market cap of $1.13 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29.

Quanex Building Products (NYSE:NX – Get Free Report) last released its quarterly earnings results on Friday, June 7. The construction company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $268.80 million. Quanex Building Products had a return on equity of 16.55% and a net margin of 7.33%. During the same period last year, the company earned $0.66 EPS. Sell-side analysts predict that Quanex Building Products Co. will post 2.33 EPS for the current year.

Quanex Building Products announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.08. The ex-dividend date was Friday, June 14th. This represents an annualized dividend of $0.32 and a dividend yield of 0.94%. Quanex Building Products’ dividend payout ratio (DPR) is currently 13.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NX shares. StockNews.com downgraded Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of Quanex Building Products in a research report on Tuesday, April 23rd.

View our latest report on Quanex Building Products

Quanex Building Products profile

(Free Report)

Quanex Building Products Corporation, together with its subsidiaries, supplies components to the fenestration industry in the United States, the 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.

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