Quanex Building Products Co. (NYSE:NX) Stake Decreased by Empowered Funds LLC

Empowered Funds LLC decreased its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,144 shares of the construction company's stock after selling 71,669 shares during the period. Empowered Funds LLC owned 0.37% of Quanex Building Products worth $4,294,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake 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 during the period. State Street Corp increased its stake 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 valued at $44,530,000 after purchasing an additional 351,778 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in 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 worth $33,363,000 after buying an additional 6,566 shares during the period. Pacer Advisors Inc. acquired a new stake in Quanex Building Products in the 4th quarter worth about $25,380,000. Finally, Geode Capital Management LLC boosted its stake in Quanex Building Products by 37.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock worth $28,894,000 after buying an additional 286,128 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Quanex Building Products

In related news, CEO George Laverne Wilson purchased 4,328 shares of Quanex Building Products stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, with a total value of $99,673.84. Following the transaction, the chief executive officer now owns 287,644 shares of the company's stock, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.15% of the company's stock.

Quanex Building Products Trading Up 4.1 %

Shares of NX stock traded up $0.92 on Friday, reaching $23.11. 659,382 shares of the stock were exchanged, compared to its average volume of 382,119. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.09 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28. The firm has a 50 day moving average of $23.79 and a two-hundred day moving average of $26.96. Quanex Building Products Co. has a 1-year low of $19.57 and a 1-year high of $39.31.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same period in the prior year, the business posted $0.95 EPS. On average, research analysts anticipate that Quanex Building Products Co. will post 2.26 EPS for the current year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 1.38%. Quanex Building Products's dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

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

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.