Linden Thomas Advisory Services LLC Sells 695 Shares of Quanex Building Products Co. (NYSE:NX)

Linden Thomas Advisory Services LLC reduced its stake in shares of Quanex Building Products Co. (NYSE:NX) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,574 shares of the construction company’s stock after selling 695 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Quanex Building Products were worth $1,821,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NX. Ritholtz Wealth Management lifted its holdings in Quanex Building Products by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company’s stock worth $579,000 after buying an additional 373 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Quanex Building Products by 4.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,126 shares of the construction company’s stock worth $462,000 after purchasing an additional 641 shares in 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 during the last quarter. TD Asset Management Inc increased its position in Quanex Building Products by 9.2% during the 3rd quarter. TD Asset Management Inc now owns 23,700 shares of the construction company’s stock valued at $668,000 after buying an additional 2,000 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Quanex Building Products during the third quarter valued at $59,000. 97.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a report on Tuesday.

Quanex Building Products Stock Down 3.2 %

NX traded down $1.12 during trading on Wednesday, hitting $33.63. 139,548 shares of the company’s stock traded hands, compared to its average volume of 159,368. Quanex Building Products Co. has a 12-month low of $18.71 and a 12-month high of $39.31. The company’s 50 day simple moving average is $35.67 and its two-hundred day simple moving average is $32.14. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.00 and a beta of 1.35.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, March 7th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $239.16 million for the quarter, compared to analysts’ expectations of $232.90 million. Analysts predict that Quanex Building Products Co. will post 2.4 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, March 14th. Quanex Building Products’s dividend payout ratio is currently 12.17%.

Quanex Building Products Company 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.