Nisa Investment Advisors LLC Sells 1,097 Shares of Quanex Building Products Co. (NYSE:NX)

Nisa Investment Advisors LLC lowered its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 15,075 shares of the construction company’s stock after selling 1,097 shares during the period. Nisa Investment Advisors LLC’s holdings in Quanex Building Products were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NX. LSV Asset Management raised its holdings in shares of Quanex Building Products by 6,352.9% during the 1st quarter. LSV Asset Management now owns 548,496 shares of the construction company’s stock valued at $11,513,000 after purchasing an additional 539,996 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Quanex Building Products by 46.6% during the 4th quarter. Pacer Advisors Inc. now owns 791,876 shares of the construction company’s stock valued at $24,208,000 after purchasing an additional 251,892 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Quanex Building Products by 1,379.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 263,428 shares of the construction company’s stock valued at $253,000 after purchasing an additional 245,625 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Quanex Building Products by 134.8% during the 2nd quarter. Millennium Management LLC now owns 286,579 shares of the construction company’s stock valued at $6,520,000 after purchasing an additional 164,551 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Quanex Building Products by 13.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,344,920 shares of the construction company’s stock valued at $28,956,000 after buying an additional 162,588 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

NYSE:NX opened at $34.49 on Thursday. Quanex Building Products Co. has a 1 year low of $18.71 and a 1 year high of $39.31. The firm’s fifty day simple moving average is $35.56 and its 200 day simple moving average is $31.93. 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 firm has a market capitalization of $1.14 billion, a PE ratio of 13.11, a PEG ratio of 1.06 and a beta of 1.35.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, March 7th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Quanex Building Products had a net margin of 7.84% and a return on equity of 17.11%. The business had revenue of $239.16 million for the quarter, compared to analyst estimates of $232.90 million. On average, sell-side analysts anticipate that Quanex Building Products Co. will post 2.4 EPS for the current year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.93%. Quanex Building Products’s payout ratio is presently 12.17%.

Insiders Place Their Bets

In other Quanex Building Products news, SVP Paul Cornett sold 3,064 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $37.72, for a total value of $115,574.08. Following the sale, the senior vice president now directly owns 43,902 shares in the company, valued at approximately $1,655,983.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.