Quanex Building Products Co. (NYSE:NX) Position Reduced by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its position in Quanex Building Products Co. (NYSE:NX) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,297 shares of the construction company’s stock after selling 1,116 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Quanex Building Products were worth $347,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NX. JPMorgan Chase & Co. boosted its stake in Quanex Building Products by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company’s stock worth $8,826,000 after purchasing an additional 74,396 shares during the period. Principal Financial Group Inc. boosted its position in shares of Quanex Building Products by 28.8% in the third quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock worth $6,175,000 after buying an additional 49,716 shares during the period. Geode Capital Management LLC grew its holdings in shares of Quanex Building Products by 37.9% during the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after buying an additional 286,128 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Quanex Building Products during the fourth quarter valued at $25,380,000. Finally, Barclays PLC lifted its stake in Quanex Building Products by 391.4% in the 3rd quarter. Barclays PLC now owns 83,794 shares of the construction company’s stock worth $2,325,000 after acquiring an additional 66,742 shares in the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Trading Up 0.2 %

Shares of NYSE:NX opened at $17.46 on Friday. The firm has a fifty day moving average of $19.71 and a two-hundred day moving average of $24.50. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 12-month low of $15.53 and a 12-month high of $36.48. The firm has a market capitalization of $824.17 million, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.08 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.83%. Quanex Building Products’s dividend payout ratio (DPR) is currently 52.46%.

Analyst Ratings Changes

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

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.