Nisa Investment Advisors LLC Has $298,000 Holdings in Quanex Building Products Corporation (NYSE:NX)

Nisa Investment Advisors LLC increased its position in shares of Quanex Building Products Corporation (NYSE:NX) by 6.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,051 shares of the construction company’s stock after buying an additional 997 shares during the period. Nisa Investment Advisors LLC’s holdings in Quanex Building Products were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NX. Deprince Race & Zollo Inc. lifted its holdings in Quanex Building Products by 716.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company’s stock valued at $26,942,000 after buying an additional 975,324 shares during the period. Balyasny Asset Management L.P. boosted its stake in Quanex Building Products by 442.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company’s stock worth $21,609,000 after acquiring an additional 727,125 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Quanex Building Products by 29.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company’s stock worth $48,190,000 after acquiring an additional 449,646 shares in the last quarter. SG Capital Management LLC bought a new position in Quanex Building Products during the fourth quarter worth $3,665,000. Finally, ExodusPoint Capital Management LP boosted its stake in Quanex Building Products by 301.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 140,986 shares of the construction company’s stock worth $3,418,000 after acquiring an additional 105,907 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Down 1.1%

Shares of NYSE NX opened at $18.51 on Thursday. The firm has a market cap of $850.95 million, a PE ratio of 31.38, a P/E/G ratio of 0.51 and a beta of 1.03. Quanex Building Products Corporation has a 12-month low of $15.30 and a 12-month high of $34.97. The company’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $19.57. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.75.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.12. The business had revenue of $452.48 million for the quarter, compared to analyst estimates of $440.05 million. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. As a group, sell-side analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, June 16th. This represents a $0.32 annualized dividend and a yield of 1.73%. Quanex Building Products’s payout ratio is 54.24%.

About Quanex Building Products

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.