Victory Capital Management Inc. Cuts Holdings in Quanex Building Products Corporation (NYSE:NX)

Victory Capital Management Inc. decreased its position in Quanex Building Products Corporation (NYSE:NX) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,213 shares of the construction company’s stock after selling 15,589 shares during the period. Victory Capital Management Inc. owned 0.27% of Quanex Building Products worth $2,328,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of NX. Sterling Capital Management LLC grew its position in Quanex Building Products by 833.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after buying an additional 1,267 shares during the period. Federated Hermes Inc. bought a new stake in Quanex Building Products in the fourth quarter worth about $44,000. GAMMA Investing LLC boosted its stake in Quanex Building Products by 106.5% in the first quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock valued at $49,000 after acquiring an additional 1,350 shares during the last quarter. Signaturefd LLC boosted its stake in Quanex Building Products by 25,254.5% in the first quarter. Signaturefd LLC now owns 2,789 shares of the construction company’s stock valued at $52,000 after acquiring an additional 2,778 shares during the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of Quanex Building Products during the 1st quarter worth approximately $190,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Trading Up 0.2%

Shares of NX stock opened at $19.84 on Tuesday. Quanex Building Products Corporation has a 12-month low of $15.30 and a 12-month high of $34.97. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $18.88 and a 200-day moving average of $19.29. The firm has a market cap of $911.97 million, a P/E ratio of 33.62, a PEG ratio of 0.54 and a beta of 1.03.

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

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, June 16th. Quanex Building Products’s dividend payout ratio is currently 54.24%.

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.