Loomis Sayles & Co. L P Sells 94,082 Shares of Quanex Building Products Co. (NYSE:NX)

Loomis Sayles & Co. L P trimmed its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,435 shares of the construction company’s stock after selling 94,082 shares during the period. Loomis Sayles & Co. L P owned about 0.57% of Quanex Building Products worth $6,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in NX. Quarry LP lifted its position in shares of Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after purchasing an additional 677 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Quanex Building Products during the third quarter worth $37,000. Public Employees Retirement System of Ohio boosted its position in Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after acquiring an additional 605 shares in the last quarter. KBC Group NV increased its holdings in shares of Quanex Building Products by 69.8% in the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock valued at $69,000 after acquiring an additional 1,169 shares during the period. Finally, Point72 DIFC Ltd bought a new position in shares of Quanex Building Products in the 3rd quarter worth $75,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Sunday, December 22nd.

Quanex Building Products Trading Down 3.0 %

NYSE NX opened at $19.14 on Friday. Quanex Building Products Co. has a 52 week low of $18.14 and a 52 week high of $38.98. The company has a 50 day moving average price of $20.85 and a 200 day moving average price of $25.32. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The firm has a market cap of $903.58 million, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.67%. Quanex Building Products’s dividend payout ratio (DPR) is currently 52.46%.

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.