Fisher Asset Management LLC Reduces Stake in Quanex Building Products Co. (NYSE:NX)

Fisher Asset Management LLC decreased its stake in shares of Quanex Building Products Co. (NYSE:NX) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 59,003 shares of the construction company’s stock after selling 3,609 shares during the period. Fisher Asset Management LLC’s holdings in Quanex Building Products were worth $1,430,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NX. Quarry LP increased its stake in Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after acquiring an additional 677 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Quanex Building Products in the 3rd quarter worth about $37,000. Public Employees Retirement System of Ohio increased its stake in Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after acquiring an additional 605 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Quanex Building Products by 10,450.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after acquiring an additional 2,090 shares during the last quarter. Finally, KBC Group NV increased its stake in Quanex Building Products by 69.8% in the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,169 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of Quanex Building Products stock opened at $19.49 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $919.87 million, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The business’s 50-day moving average price is $22.26 and its 200-day moving average price is $26.28. Quanex Building Products Co. has a 12 month low of $18.14 and a 12 month high of $39.31.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $0.95 EPS. Sell-side analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company 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. The ex-dividend date is Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.64%. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Insider Activity

In related news, CEO George Laverne Wilson purchased 4,328 shares of Quanex Building Products stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $23.03 per share, for a total transaction of $99,673.84. Following the transaction, the chief executive officer now directly owns 287,644 shares in the company, valued at $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

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.