Artemis Investment Management LLP Sells 218,874 Shares of Quanex Building Products Co. (NYSE:NX)

Artemis Investment Management LLP cut its holdings in Quanex Building Products Co. (NYSE:NX - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,035 shares of the construction company's stock after selling 218,874 shares during the period. Artemis Investment Management LLP owned approximately 0.71% of Quanex Building Products worth $8,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in shares of Quanex Building Products by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company's stock worth $92,902,000 after purchasing an additional 147,444 shares in the last quarter. State Street Corp boosted its holdings in Quanex Building Products by 28.1% in the third quarter. State Street Corp now owns 1,604,668 shares of the construction company's stock worth $44,530,000 after acquiring an additional 351,778 shares in the last quarter. Pacer Advisors Inc. grew its stake in Quanex Building Products by 14.6% in the second quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company's stock valued at $35,810,000 after acquiring an additional 165,121 shares during the period. Segall Bryant & Hamill LLC increased its holdings in shares of Quanex Building Products by 0.5% during the third quarter. Segall Bryant & Hamill LLC now owns 1,202,258 shares of the construction company's stock valued at $33,363,000 after acquiring an additional 6,566 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Quanex Building Products by 37.9% during the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock worth $28,894,000 after purchasing an additional 286,128 shares during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

Shares of NX traded up $0.41 during mid-day trading on Monday, reaching $24.21. 339,310 shares of the stock traded hands, compared to its average volume of 647,177. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 1 year low of $21.48 and a 1 year high of $39.31. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 0.69 and a beta of 1.30. The firm has a fifty day moving average price of $26.93 and a 200 day moving average price of $28.06.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, equities research analysts predict that Quanex Building Products Co. will post 2.26 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Monday, December 16th. Quanex Building Products's payout ratio is presently 28.57%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Quanex Building Products from a "hold" rating to a "sell" rating in a report on Sunday, December 22nd.

Insiders Place Their Bets

In other news, CEO George Laverne Wilson purchased 4,328 shares of the business's stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.15% of the stock is currently owned by insiders.

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.