Segall Bryant & Hamill LLC Has $22.06 Million Stock Position in Quanex Building Products Corporation $NX

Segall Bryant & Hamill LLC lessened its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,485 shares of the construction company’s stock after selling 29,311 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Quanex Building Products were worth $22,058,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Danske Bank A S bought a new stake in Quanex Building Products in the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. raised its stake in Quanex Building Products by 199.9% during the 4th quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock worth $33,000 after buying an additional 1,415 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Quanex Building Products in the fourth quarter worth approximately $35,000. Meeder Asset Management Inc. bought a new position in Quanex Building Products in the fourth quarter worth approximately $42,000. Finally, Quarry LP boosted its holdings in Quanex Building Products by 132.0% in the third quarter. Quarry LP now owns 3,754 shares of the construction company’s stock worth $53,000 after acquiring an additional 2,136 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Up 0.1%

Shares of NYSE NX opened at $17.83 on Friday. The stock has a market capitalization of $818.98 million, a P/E ratio of -3.17, a P/E/G ratio of 0.77 and a beta of 0.91. The company has a 50-day moving average price of $17.57 and a 200-day moving average price of $18.62. Quanex Building Products Corporation has a 1 year low of $11.04 and a 1 year high of $22.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, June 4th. The construction company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. The company had revenue of $462.37 million for the quarter, compared to analyst estimates of $459.27 million. On average, equities research analysts forecast that Quanex Building Products Corporation will post 1.66 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. Quanex Building Products’s payout ratio is currently -5.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a report on Friday, July 17th. Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.00.

Quanex Building Products Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.