Quanex Building Products Co. (NYSE:NX) Stake Lessened by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its stake in Quanex Building Products Co. (NYSE:NX) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,372 shares of the construction company’s stock after selling 866 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Quanex Building Products were worth $453,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NX. Vanguard Group Inc. lifted its position in shares of Quanex Building Products by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 3,714,516 shares of the construction company’s stock valued at $113,553,000 after acquiring an additional 30,198 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Quanex Building Products by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company’s stock valued at $32,058,000 after acquiring an additional 3,400 shares in the last quarter. American Century Companies Inc. lifted its position 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 valued at $22,326,000 after acquiring an additional 96,095 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Quanex Building Products by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,870 shares of the construction company’s stock valued at $9,674,000 after acquiring an additional 3,283 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Quanex Building Products by 2.7% in the 1st quarter. First Eagle Investment Management LLC now owns 256,135 shares of the construction company’s stock valued at $9,843,000 after acquiring an additional 6,680 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Stock Performance

Shares of NX opened at $27.66 on Friday. The company’s fifty day moving average is $28.49 and its 200-day moving average is $31.31. Quanex Building Products Co. has a 12 month low of $24.85 and a 12 month high of $39.31. The firm has a market cap of $915.91 million, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

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

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.32 annualized dividend and a yield of 1.16%. Quanex Building Products’s dividend payout ratio (DPR) is presently 13.11%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com downgraded shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research report 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.