Quanex Building Products Co. (NYSE:NX) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in Quanex Building Products Co. (NYSE:NX) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,202,258 shares of the construction company’s stock after buying an additional 6,566 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Quanex Building Products were worth $33,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NX. GAMMA Investing LLC grew its stake in shares of Quanex Building Products by 65.4% during the 3rd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $28,000 after purchasing an additional 393 shares during the period. Innealta Capital LLC acquired a new stake in shares of Quanex Building Products during the 2nd quarter worth approximately $46,000. nVerses Capital LLC grew its stake in shares of Quanex Building Products by 900.0% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock worth $55,000 after purchasing an additional 1,800 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Quanex Building Products by 10,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after purchasing an additional 2,090 shares during the period. Finally, Quest Partners LLC grew its stake in shares of Quanex Building Products by 9,011.1% during the 2nd quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock worth $91,000 after purchasing an additional 3,244 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Trading Down 0.6 %

Shares of NYSE:NX opened at $29.88 on Wednesday. Quanex Building Products Co. has a 1 year low of $24.85 and a 1 year high of $39.31. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The business’s 50 day moving average price is $28.88 and its 200-day moving average price is $29.51.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. The firm had revenue of $280.35 million for the quarter, compared to analyst estimates of $278.00 million. During the same quarter last year, the firm posted $0.97 EPS. On average, equities research analysts forecast that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.08 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. Quanex Building Products’s payout ratio is currently 14.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a research note on Wednesday, September 11th. StockNews.com upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th.

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.