Pacer Advisors Inc. Purchases New Position in Quanex Building Products Co. (NYSE:NX)

Pacer Advisors Inc. purchased a new position in shares of Quanex Building Products Co. (NYSE:NX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,047,016 shares of the construction company's stock, valued at approximately $25,380,000. Pacer Advisors Inc. owned 2.22% of Quanex Building Products as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Quanex Building Products by 4.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company's stock worth $92,902,000 after buying an additional 147,444 shares in the last quarter. State Street Corp lifted its holdings in Quanex Building Products by 28.1% in the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company's stock worth $44,530,000 after buying an additional 351,778 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Quanex Building Products by 0.5% in 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. Geode Capital Management LLC boosted its stake in shares of Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock valued at $28,894,000 after purchasing an additional 286,128 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Quanex Building Products by 14.1% in the third quarter. Systematic Financial Management LP now owns 1,022,002 shares of the construction company's stock worth $28,361,000 after buying an additional 126,290 shares in the last quarter. Institutional investors own 97.48% of the company's stock.

Wall Street Analyst Weigh In

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

Quanex Building Products Stock Performance

Shares of NYSE:NX traded down $0.73 during midday trading on Friday, hitting $20.99. The company had a trading volume of 604,213 shares, compared to its average volume of 344,889. The company has a fifty day moving average of $25.63 and a two-hundred day moving average of $27.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. Quanex Building Products Co. has a 12-month low of $20.90 and a 12-month high of $39.31. The company has a market cap of $990.94 million, a price-to-earnings ratio of 18.74, a PEG ratio of 0.69 and a beta of 1.30.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results 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 previous year, the firm posted $0.95 EPS. On average, equities research analysts expect that Quanex Building Products Co. will post 2.26 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. Quanex Building Products's dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling

In other Quanex Building Products news, CEO George Laverne Wilson purchased 4,328 shares of Quanex Building Products stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares in the company, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.15% of the stock is currently owned by corporate insiders.

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.