Royce & Associates LP reduced its position in shares of Quanex Building Products Corporation (NYSE:NX) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 732,134 shares of the construction company’s stock after selling 65,700 shares during the period. Royce & Associates LP owned approximately 2.13% of Quanex Building Products worth $16,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund grew its position in Quanex Building Products by 1.0% during the second quarter. Texas Permanent School Fund now owns 25,148 shares of the construction company’s stock worth $532,000 after buying an additional 238 shares during the period. Citadel Advisors LLC grew its position in Quanex Building Products by 1.7% during the second quarter. Citadel Advisors LLC now owns 53,482 shares of the construction company’s stock worth $1,131,000 after buying an additional 886 shares during the period. The Manufacturers Life Insurance Company grew its position in Quanex Building Products by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 27,790 shares of the construction company’s stock worth $588,000 after buying an additional 970 shares during the period. Teachers Advisors LLC grew its position in Quanex Building Products by 2.3% during the first quarter. Teachers Advisors LLC now owns 54,409 shares of the construction company’s stock worth $1,102,000 after buying an additional 1,238 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Quanex Building Products by 3.4% during the second quarter. Parametric Portfolio Associates LLC now owns 63,124 shares of the construction company’s stock worth $1,335,000 after buying an additional 2,082 shares during the period. 99.81% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Brent L. Korb sold 17,500 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the sale, the vice president now directly owns 94,679 shares in the company, valued at $2,002,460.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.32% of the stock is owned by corporate insiders.

NX has been the topic of several recent analyst reports. Wedbush upgraded shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $25.00 to $24.00 in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. KeyCorp restated a “hold” rating on shares of Quanex Building Products in a research report on Friday, September 22nd. TheStreet upgraded shares of Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Finally, BidaskClub lowered shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.00.

Quanex Building Products Corporation (NYSE NX) traded up $0.10 during mid-day trading on Tuesday, hitting $21.00. 233,800 shares of the stock traded hands, compared to its average volume of 136,702. The firm has a market capitalization of $723.32, a price-to-earnings ratio of 24.59 and a beta of 0.70. Quanex Building Products Corporation has a twelve month low of $17.45 and a twelve month high of $23.60. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 0.61.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $232.47 million. Quanex Building Products had a net margin of 1.52% and a return on equity of 7.87%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. sell-side analysts expect that Quanex Building Products Corporation will post 0.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.76%. Quanex Building Products’s dividend payout ratio is presently 41.03%.

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Quanex Building Products Profile

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Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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