Segall Bryant & Hamill LLC Raises Stake in Quanex Building Products Corporation (NYSE:NX)

Segall Bryant & Hamill LLC boosted its position in Quanex Building Products Corporation (NYSE:NX) by 31.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,367,758 shares of the construction company’s stock after buying an additional 324,548 shares during the period. Segall Bryant & Hamill LLC owned approximately 2.90% of Quanex Building Products worth $25,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NX. Charles Schwab Investment Management Inc. boosted its position in Quanex Building Products by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 700,618 shares of the construction company’s stock valued at $16,983,000 after buying an additional 31,348 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Quanex Building Products by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the construction company’s stock worth $332,000 after purchasing an additional 2,042 shares in the last quarter. Amundi boosted its position in Quanex Building Products by 171.0% in the 4th quarter. Amundi now owns 22,859 shares of the construction company’s stock worth $519,000 after purchasing an additional 14,425 shares in the last quarter. Royce & Associates LP boosted its position in Quanex Building Products by 6.5% in the 4th quarter. Royce & Associates LP now owns 563,017 shares of the construction company’s stock worth $13,648,000 after purchasing an additional 34,531 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Quanex Building Products by 2.7% in the 4th quarter. American Century Companies Inc. now owns 904,990 shares of the construction company’s stock worth $21,937,000 after purchasing an additional 23,612 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Down 4.8%

Quanex Building Products stock opened at $18.75 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.75. Quanex Building Products Corporation has a 12 month low of $15.30 and a 12 month high of $34.97. The stock’s 50 day simple moving average is $18.68 and its two-hundred day simple moving average is $19.58. The firm has a market cap of $861.94 million, a PE ratio of 31.78, a P/E/G ratio of 0.54 and a beta of 1.03.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.12. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. The firm had revenue of $452.48 million for the quarter, compared to analysts’ expectations of $440.05 million. Analysts anticipate that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.08 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.71%. Quanex Building Products’s dividend payout ratio is currently 54.24%.

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.