10,200 Shares in Quanex Building Products Corporation (NYSE:NX) Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. acquired a new position in Quanex Building Products Corporation (NYSE:NX) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 10,200 shares of the construction company’s stock, valued at approximately $190,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock worth $34,000 after buying an additional 1,267 shares during the period. Federated Hermes Inc. bought a new position in Quanex Building Products in the 4th quarter valued at $44,000. GAMMA Investing LLC boosted its holdings in Quanex Building Products by 106.5% in the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock valued at $49,000 after purchasing an additional 1,350 shares during the period. Assetmark Inc. boosted its holdings in Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock valued at $147,000 after purchasing an additional 5,391 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Quanex Building Products in the 4th quarter valued at $195,000. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Stock Up 1.8%

Shares of NYSE:NX opened at $18.55 on Tuesday. The firm has a fifty day moving average price of $17.63 and a two-hundred day moving average price of $20.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.41 and a quick ratio of 1.26. Quanex Building Products Corporation has a one year low of $15.30 and a one year high of $34.97. The company has a market cap of $852.74 million, a price-to-earnings ratio of 31.44, a PEG ratio of 0.50 and a beta of 1.01.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.48 by $0.12. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. The firm had revenue of $452.48 million during the quarter, compared to the consensus estimate of $440.05 million. Analysts anticipate that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, June 16th. Quanex Building Products’s payout ratio is 54.24%.

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.