Fisher Asset Management LLC Sells 3,609 Shares of Quanex Building Products Co. (NYSE:NX)

Fisher Asset Management LLC lowered its stake in shares of Quanex Building Products Co. (NYSE:NX) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,003 shares of the construction company’s stock after selling 3,609 shares during the quarter. Fisher Asset Management LLC owned 0.12% of Quanex Building Products worth $1,430,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Quanex Building Products by 38.7% in the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after purchasing an additional 32,158 shares during the period. JPMorgan Chase & Co. grew its stake in Quanex Building Products by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company’s stock valued at $8,826,000 after purchasing an additional 74,396 shares during the period. Principal Financial Group Inc. grew its stake in Quanex Building Products by 28.8% in the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock valued at $6,175,000 after purchasing an additional 49,716 shares during the period. Geode Capital Management LLC grew its stake in Quanex Building Products by 37.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after purchasing an additional 286,128 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Quanex Building Products by 292.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after purchasing an additional 61,444 shares during the period. Institutional investors own 97.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Quanex Building Products Stock Up 4.3 %

Shares of NYSE:NX opened at $19.49 on Thursday. Quanex Building Products Co. has a 1 year low of $18.14 and a 1 year high of $39.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The business has a fifty day moving average price of $22.26 and a two-hundred day moving average price of $26.28. The company has a market capitalization of $919.87 million, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same quarter in the previous year, the firm posted $0.95 EPS. Analysts forecast that Quanex Building Products Co. will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.64%. Quanex Building Products’s dividend payout ratio is presently 28.57%.

Insider Activity

In related news, CEO George Laverne Wilson acquired 4,328 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.15% of the company’s stock.

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.