Citigroup Inc. Reduces Stake in Quanex Building Products Co. (NYSE:NX)

Citigroup Inc. lowered its holdings in Quanex Building Products Co. (NYSE:NXFree Report) by 60.7% during the third quarter, HoldingsChannel reports. The fund owned 15,397 shares of the construction company’s stock after selling 23,758 shares during the period. Citigroup Inc.’s holdings in Quanex Building Products were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NX. Vanguard Group Inc. grew its stake in Quanex Building Products by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,797,308 shares of the construction company’s stock worth $68,959,000 after buying an additional 16,153 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Quanex Building Products by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,584,718 shares of the construction company’s stock worth $55,647,000 after acquiring an additional 70,348 shares during the period. Ameriprise Financial Inc. lifted its position in Quanex Building Products by 13.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,344,920 shares of the construction company’s stock worth $28,956,000 after acquiring an additional 162,588 shares during the period. Segall Bryant & Hamill LLC lifted its position in Quanex Building Products by 2.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,250,368 shares of the construction company’s stock worth $26,920,000 after acquiring an additional 31,154 shares during the period. Finally, State Street Corp lifted its position in Quanex Building Products by 0.9% during the 3rd quarter. State Street Corp now owns 1,229,937 shares of the construction company’s stock worth $22,336,000 after acquiring an additional 10,954 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Insider Buying and Selling at Quanex Building Products

In other news, Director Curtis M. Stevens sold 4,880 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $30.46, for a total transaction of $148,644.80. Following the completion of the transaction, the director now directly owns 5,009 shares of the company’s stock, valued at approximately $152,574.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Curtis M. Stevens sold 4,880 shares of Quanex Building Products stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $30.46, for a total transaction of $148,644.80. Following the transaction, the director now owns 5,009 shares in the company, valued at approximately $152,574.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul Cornett sold 3,064 shares of Quanex Building Products stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $37.72, for a total transaction of $115,574.08. Following the transaction, the senior vice president now owns 43,902 shares in the company, valued at approximately $1,655,983.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,833 shares of company stock valued at $568,405. Corporate insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark increased their price objective on Quanex Building Products from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th.

Read Our Latest Stock Report on Quanex Building Products

Quanex Building Products Stock Down 1.0 %

NX stock opened at $37.86 on Monday. Quanex Building Products Co. has a 52 week low of $18.71 and a 52 week high of $38.65. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.25 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.13 and a beta of 1.34. The company’s 50-day moving average price is $33.39 and its 200 day moving average price is $30.78.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.85%. Quanex Building Products’s dividend payout ratio (DPR) is presently 12.17%.

About Quanex Building Products

(Free Report)

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.

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Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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