Thrivent Financial for Lutherans Decreases Stake in Quanex Building Products Co. (NYSE:NX)

Thrivent Financial for Lutherans lessened its stake in Quanex Building Products Co. (NYSE:NX) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,340 shares of the construction company’s stock after selling 767 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Quanex Building Products were worth $881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quarry LP lifted its position in shares of Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after acquiring an additional 677 shares during the period. Point72 Hong Kong Ltd purchased a new position in Quanex Building Products in the 3rd quarter valued at approximately $37,000. Public Employees Retirement System of Ohio raised its holdings in Quanex Building Products by 69.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after purchasing an additional 605 shares during the last quarter. KBC Group NV boosted its position in Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Quanex Building Products during the third quarter worth $75,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

NYSE NX opened at $18.29 on Wednesday. The business’s 50-day moving average price is $20.62 and its 200 day moving average price is $25.19. 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 Co. has a twelve month low of $18.14 and a twelve month high of $38.98. The company has a market capitalization of $863.64 million, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. Quanex Building Products’s dividend payout ratio (DPR) is 52.46%.

Wall Street Analysts Forecast Growth

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

Quanex Building Products Company 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.