Quanex Building Products Co. (NYSE:NX) Stake Lowered by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,435 shares of the construction company's stock after selling 94,082 shares during the period. Loomis Sayles & Co. L P owned 0.57% of Quanex Building Products worth $6,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its stake in Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after buying an additional 677 shares during the period. Point72 Hong Kong Ltd bought a new stake in Quanex Building Products during the third quarter worth approximately $37,000. Public Employees Retirement System of Ohio grew its position in Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after buying an additional 605 shares during the last quarter. KBC Group NV increased its holdings in shares of Quanex Building Products by 69.8% in the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after buying an additional 1,169 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Quanex Building Products during the 3rd quarter valued at $75,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Quanex Building Products Trading Up 3.4 %

Shares of NYSE:NX traded up $0.62 during mid-day trading on Wednesday, hitting $18.93. The stock had a trading volume of 160,665 shares, compared to its average volume of 462,563. The company's 50 day moving average is $20.62 and its 200-day moving average is $25.19. Quanex Building Products Co. has a 12-month low of $17.96 and a 12-month high of $38.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company has a market cap of $893.67 million, a PE ratio of 16.90, a P/E/G ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, March 17th. Quanex Building Products's payout ratio is 52.46%.

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.