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

Segall Bryant & Hamill LLC trimmed its position in shares of Quanex Building Products Co. (NYSE:NX) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,210 shares of the construction company’s stock after selling 159,048 shares during the period. Segall Bryant & Hamill LLC owned approximately 2.21% of Quanex Building Products worth $25,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NX. Thrivent Financial for Lutherans lifted its position in Quanex Building Products by 35.0% during 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. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Quanex Building Products by 292.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after acquiring an additional 61,444 shares during the last quarter. Intech Investment Management LLC purchased a new position in Quanex Building Products in the third quarter worth about $1,385,000. Charles Schwab Investment Management Inc. increased its stake in Quanex Building Products by 26.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company’s stock worth $18,572,000 after acquiring an additional 139,208 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Quanex Building Products by 5.6% during the third quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company’s stock valued at $10,143,000 after purchasing an additional 19,361 shares during the period. 97.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Quanex Building Products Stock Performance

Shares of NYSE:NX opened at $20.34 on Tuesday. The company has a market capitalization of $960.33 million, a price-to-earnings ratio of 18.16, a PEG ratio of 0.68 and a beta of 1.33. The firm’s 50-day moving average is $21.18 and its 200 day moving average is $25.53. Quanex Building Products Co. has a 12 month low of $18.14 and a 12 month high of $39.31. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, March 17th. Quanex Building Products’s dividend payout ratio (DPR) is presently 52.46%.

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.