Systematic Financial Management LP Decreases Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Systematic Financial Management LP lowered its stake in shares of Quanex Building Products Co. (NYSE:NX) by 6.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 895,712 shares of the construction company’s stock after selling 62,885 shares during the period. Systematic Financial Management LP owned approximately 2.71% of Quanex Building Products worth $24,766,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NX. Vanguard Group Inc. lifted its position in Quanex Building Products by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after purchasing an additional 30,198 shares during the period. Pacer Advisors Inc. raised its stake in Quanex Building Products by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company’s stock valued at $35,810,000 after buying an additional 165,121 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Quanex Building Products by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company’s stock valued at $32,058,000 after buying an additional 3,400 shares during the period. American Century Companies Inc. boosted its stake in shares of Quanex Building Products by 13.5% in the 2nd quarter. American Century Companies Inc. now owns 807,464 shares of the construction company’s stock worth $22,326,000 after buying an additional 96,095 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Quanex Building Products by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 349,870 shares of the construction company’s stock worth $9,674,000 after acquiring an additional 3,283 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Up 1.2 %

Shares of Quanex Building Products stock opened at $27.66 on Friday. Quanex Building Products Co. has a 1-year low of $24.85 and a 1-year high of $39.31. The company’s fifty day simple moving average is $28.49 and its 200-day simple moving average is $31.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market capitalization of $915.91 million, a PE ratio of 11.34, a P/E/G ratio of 0.91 and a beta of 1.27.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. The firm had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. During the same quarter last year, the company earned $0.97 earnings per share. As a group, equities analysts anticipate that Quanex Building Products Co. will post 2.15 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently 13.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

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.