Sei Investments Co. Sells 1,231 Shares of Quanex Building Products Co. (NYSE:NX)

Sei Investments Co. lowered its position in shares of Quanex Building Products Co. (NYSE:NX) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,790 shares of the construction company’s stock after selling 1,231 shares during the quarter. Sei Investments Co.’s holdings in Quanex Building Products were worth $1,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NX. The Manufacturers Life Insurance Company boosted its holdings in shares of Quanex Building Products by 30.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 22,550 shares of the construction company’s stock worth $625,000 after buying an additional 5,232 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Quanex Building Products by 22.6% in the third quarter. BNP Paribas Financial Markets now owns 21,569 shares of the construction company’s stock valued at $599,000 after acquiring an additional 3,971 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Quanex Building Products by 33.9% during the 3rd quarter. MetLife Investment Management LLC now owns 25,757 shares of the construction company’s stock valued at $715,000 after acquiring an additional 6,516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Quanex Building Products by 28.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,983 shares of the construction company’s stock worth $360,000 after purchasing an additional 2,837 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Quanex Building Products by 34.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,768 shares of the construction company’s stock worth $1,714,000 after purchasing an additional 15,961 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Quanex Building Products stock opened at $17.60 on Monday. The stock has a market cap of $830.88 million, a price-to-earnings ratio of 15.71, a PEG ratio of 0.68 and a beta of 1.08. 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 business has a 50-day simple moving average of $20.30 and a 200 day simple moving average of $24.97. Quanex Building Products Co. has a 52 week low of $15.53 and a 52 week high of $38.98.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, March 17th. Quanex Building Products’s dividend payout ratio (DPR) is currently 52.46%.

Wall Street Analyst Weigh In

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

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.