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

Segall Bryant & Hamill LLC lessened its stake in shares of Quanex Building Products Co. (NYSE:NX) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,043,210 shares of the construction company’s stock after selling 159,048 shares during the period. Segall Bryant & Hamill LLC’s holdings in Quanex Building Products were worth $25,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its holdings in Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after purchasing an additional 677 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Quanex Building Products during the third quarter valued at $37,000. Public Employees Retirement System of Ohio raised its holdings in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after acquiring an additional 605 shares in the last quarter. KBC Group NV grew its holdings in Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Quanex Building Products during the 3rd quarter valued at about $75,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Up 3.3 %

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

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.08 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.57%. Quanex Building Products’s dividend payout ratio is presently 52.46%.

Analyst Ratings Changes

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

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.