Quanex Building Products Co. (NX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,537,452 shares of the construction company’s stock after selling 427,256 shares during the period. Victory Capital Management Inc.’s holdings in Quanex Building Products were worth $35,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Voya Investment Management LLC increased its holdings in shares of Quanex Building Products by 140.9% during the second quarter. Voya Investment Management LLC now owns 41,144 shares of the construction company’s stock valued at $870,000 after purchasing an additional 24,067 shares during the period. Vanguard Group Inc. grew its holdings in Quanex Building Products by 3.4% during the second quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock worth $66,228,000 after acquiring an additional 104,038 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Quanex Building Products by 66.7% during the third quarter. BNP Paribas Arbitrage SA now owns 18,062 shares of the construction company’s stock worth $415,000 after acquiring an additional 7,229 shares during the period. Northern Trust Corp grew its holdings in Quanex Building Products by 1.1% during the second quarter. Northern Trust Corp now owns 435,605 shares of the construction company’s stock worth $9,214,000 after acquiring an additional 4,736 shares during the period. Finally, State Street Corp grew its holdings in Quanex Building Products by 5.1% during the second quarter. State Street Corp now owns 837,719 shares of the construction company’s stock worth $17,720,000 after acquiring an additional 40,540 shares during the period. 99.94% of the stock is currently owned by institutional investors.

In related news, Director Susan F. Davis sold 10,421 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $22.47, for a total value of $234,159.87. Following the completion of the transaction, the director now owns 35,603 shares in the company, valued at approximately $799,999.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin P. Delaney sold 50,400 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $24.02, for a total value of $1,210,608.00. Following the completion of the transaction, the senior vice president now owns 111,527 shares of the company’s stock, valued at approximately $2,678,878.54. The disclosure for this sale can be found here. Insiders sold a total of 78,921 shares of company stock valued at $1,861,684 in the last quarter. 5.32% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. Wedbush lowered Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Monday, December 18th. Zacks Investment Research lowered Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Quanex Building Products Co. (NYSE:NX) opened at $19.05 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.98 and a debt-to-equity ratio of 0.54. Quanex Building Products Co. has a fifty-two week low of $17.45 and a fifty-two week high of $24.60. The stock has a market capitalization of $666.34, a PE ratio of 24.67 and a beta of 0.57.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. The business had revenue of $233.00 million during the quarter, compared to analyst estimates of $232.47 million. During the same quarter last year, the company posted $0.45 EPS. Quanex Building Products’s revenue for the quarter was down 6.5% on a year-over-year basis. analysts anticipate that Quanex Building Products Co. will post 0.9 EPS for the current year.

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About Quanex Building Products

Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.

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Institutional Ownership by Quarter for Quanex Building Products (NYSE:NX)

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