Loomis Sayles & Co. L P Sells 94,082 Shares of Quanex Building Products Co. (NYSE:NX)

Loomis Sayles & Co. L P decreased its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 271,435 shares of the construction company's stock after selling 94,082 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.57% of Quanex Building Products worth $6,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans grew its position in shares of Quanex Building Products by 35.0% in the third quarter. Thrivent Financial for Lutherans now owns 37,107 shares of the construction company's stock valued at $1,030,000 after purchasing an additional 9,619 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Quanex Building Products by 26.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company's stock worth $18,572,000 after buying an additional 139,208 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Quanex Building Products by 30.2% during the third quarter. The Manufacturers Life Insurance Company now owns 22,550 shares of the construction company's stock worth $625,000 after buying an additional 5,232 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Quanex Building Products by 62.4% in the third quarter. Quantbot Technologies LP now owns 29,048 shares of the construction company's stock worth $806,000 after acquiring an additional 11,166 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Quanex Building Products by 22.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,569 shares of the construction company's stock valued at $599,000 after purchasing an additional 3,971 shares during the period. Institutional investors own 97.48% of the company's stock.

Quanex Building Products Price Performance

Shares of NX stock traded down $2.23 during mid-day trading on Thursday, reaching $16.73. The company's stock had a trading volume of 78,754 shares, compared to its average volume of 462,242. 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 firm's 50-day moving average is $20.53 and its two-hundred day moving average is $25.14. Quanex Building Products Co. has a 1-year low of $16.63 and a 1-year high of $38.98. The company has a market cap of $789.81 million, a P/E ratio of 14.94, a PEG ratio of 0.68 and a beta of 1.33.

Quanex Building Products Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.91%. Quanex Building Products's dividend payout ratio (DPR) is presently 52.46%.

Wall Street Analysts Forecast Growth

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

About Quanex Building Products

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.