Allspring Global Investments Holdings LLC decreased its position in shares of Quanex Building Products Co. (NYSE:NX – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,200,374 shares of the construction company’s stock after selling 60,432 shares during the period. Allspring Global Investments Holdings LLC owned about 9.67% of Quanex Building Products worth $88,490,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of NX. GAMMA Investing LLC grew its holdings in Quanex Building Products by 157.1% during the 1st quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,090 shares during the period. Shell Asset Management Co. acquired a new stake in shares of Quanex Building Products in the 1st quarter valued at approximately $145,000. SG Americas Securities LLC bought a new stake in Quanex Building Products in the first quarter valued at approximately $216,000. Mutual of America Capital Management LLC acquired a new stake in Quanex Building Products in the first quarter worth $219,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Quanex Building Products during the first quarter worth $249,000. Institutional investors own 97.48% of the company’s stock.
Quanex Building Products Price Performance
Shares of NX opened at $28.45 on Tuesday. The company has a 50 day moving average of $28.92 and a 200-day moving average of $32.41. The company has a quick ratio of 1.37, a current ratio of 2.22 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $942.06 million, a P/E ratio of 11.75, a P/E/G ratio of 0.85 and a beta of 1.29. Quanex Building Products Co. has a twelve month low of $25.39 and a twelve month high of $39.31.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Quanex Building Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th.
Check Out Our Latest Stock Analysis on NX
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.
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