American Century Companies Inc. Sells 211,692 Shares of Quanex Building Products Corporation $NX

American Century Companies Inc. trimmed its position in shares of Quanex Building Products Corporation (NYSE:NX) by 26.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 584,606 shares of the construction company’s stock after selling 211,692 shares during the period. American Century Companies Inc. owned approximately 1.27% of Quanex Building Products worth $11,049,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Quanex Building Products by 3.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,136 shares of the construction company’s stock worth $418,000 after acquiring an additional 698 shares during the period. CWM LLC raised its holdings in shares of Quanex Building Products by 104.5% during the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after buying an additional 750 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Quanex Building Products by 6.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,061 shares of the construction company’s stock worth $228,000 after buying an additional 764 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Quanex Building Products by 6.1% in the 2nd quarter. Bank of Montreal Can now owns 13,803 shares of the construction company’s stock valued at $261,000 after purchasing an additional 799 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its position in Quanex Building Products by 3.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 30,324 shares of the construction company’s stock worth $573,000 after purchasing an additional 893 shares in the last quarter. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Price Performance

Quanex Building Products stock opened at $13.64 on Friday. The stock has a market capitalization of $625.85 million, a price-to-earnings ratio of -2.19, a PEG ratio of 0.45 and a beta of 0.97. Quanex Building Products Corporation has a 52-week low of $11.04 and a 52-week high of $29.69. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.18 and a current ratio of 2.20. The stock’s 50 day moving average price is $13.70 and its two-hundred day moving average price is $17.01.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, September 4th. The construction company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.16). The company had revenue of $495.27 million during the quarter, compared to the consensus estimate of $491.65 million. Quanex Building Products had a negative net margin of 15.45% and a positive return on equity of 10.48%. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, equities analysts predict that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bradley E. Hughes purchased 6,500 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were acquired at an average price of $15.27 per share, for a total transaction of $99,255.00. Following the completion of the acquisition, the director owned 6,500 shares in the company, valued at approximately $99,255. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NX. Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.