Segall Bryant & Hamill LLC Reduces Position in Quanex Building Products Co. (NYSE:NX)

Segall Bryant & Hamill LLC trimmed its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,043,210 shares of the construction company's stock after selling 159,048 shares during the quarter. Segall Bryant & Hamill LLC owned about 2.21% of Quanex Building Products worth $25,287,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Quanex Building Products by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company's stock valued at $8,826,000 after acquiring an additional 74,396 shares during the last quarter. Principal Financial Group Inc. raised its position in Quanex Building Products by 28.8% in the third quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company's stock valued at $6,175,000 after purchasing an additional 49,716 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 valued at $28,894,000 after purchasing an additional 286,128 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Quanex Building Products by 292.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company's stock worth $2,289,000 after purchasing an additional 61,444 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in shares of Quanex Building Products by 5.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company's stock worth $10,143,000 after purchasing an additional 19,361 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company's stock.

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Quanex Building Products Trading Down 3.0 %

Shares of NX traded down $0.59 during midday trading on Friday, hitting $19.14. 307,348 shares of the stock were exchanged, compared to its average volume of 464,062. 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 has a market cap of $903.58 million, a P/E ratio of 17.09, a P/E/G ratio of 0.68 and a beta of 1.33. The stock has a fifty day simple moving average of $20.85 and a 200 day simple moving average of $25.32. Quanex Building Products Co. has a 52-week low of $18.14 and a 52-week high of $38.98.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Monday, March 17th. Quanex Building Products's dividend payout ratio is currently 52.46%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Quanex Building Products from a "hold" rating to a "sell" rating in a research 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.