Fisher Asset Management LLC Has $2.15 Million Holdings in Quanex Building Products Co. (NYSE:NX)

Fisher Asset Management LLC cut its position in Quanex Building Products Co. (NYSE:NX) by 10.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 70,168 shares of the construction company’s stock after selling 8,080 shares during the period. Fisher Asset Management LLC’s holdings in Quanex Building Products were worth $2,145,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NX. Wedge Capital Management L L P NC increased its stake in shares of Quanex Building Products by 14.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 229,978 shares of the construction company’s stock worth $7,030,000 after purchasing an additional 29,662 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new position in Quanex Building Products during the third quarter worth approximately $782,000. Ritholtz Wealth Management raised its stake in Quanex Building Products by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company’s stock valued at $579,000 after buying an additional 373 shares during the period. Invesco Ltd. raised its stake in Quanex Building Products by 3.1% in the third quarter. Invesco Ltd. now owns 327,436 shares of the construction company’s stock valued at $9,224,000 after buying an additional 9,875 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in shares of Quanex Building Products in the third quarter valued at approximately $1,376,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Down 0.1 %

Shares of NX opened at $34.65 on Thursday. The firm has a market cap of $1.15 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.31 and a current ratio of 2.27. Quanex Building Products Co. has a 52 week low of $19.59 and a 52 week high of $39.31. The firm’s 50-day simple moving average is $35.77 and its 200 day simple moving average is $32.60.

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

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 14th. Quanex Building Products’s dividend payout ratio is 12.17%.

Insiders Place Their Bets

In other news, SVP Paul Cornett sold 3,064 shares of the firm’s stock in a transaction that occurred 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 directly owns 43,902 shares of the company’s stock, valued at $1,655,983.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Tuesday, April 23rd.

Quanex Building Products Company 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.