Quanex Building Products Co. (NYSE:NX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,191 shares of the construction company's stock after selling 15,378 shares during the period. BNP Paribas Financial Markets' holdings in Quanex Building Products were worth $150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Quanex Building Products by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock valued at $127,693,000 after buying an additional 51,142 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Quanex Building Products by 29.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock worth $48,190,000 after buying an additional 449,646 shares in the last quarter. Principal Financial Group Inc. grew its stake in Quanex Building Products by 779.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock valued at $47,424,000 after acquiring an additional 1,733,932 shares during the last quarter. Geode Capital Management LLC increased its holdings in Quanex Building Products by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company's stock valued at $25,533,000 after acquiring an additional 12,128 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Quanex Building Products by 2.7% during the fourth quarter. American Century Companies Inc. now owns 904,990 shares of the construction company's stock worth $21,937,000 after acquiring an additional 23,612 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

Shares of NYSE NX traded down $0.03 on Wednesday, hitting $17.11. The company's stock had a trading volume of 484,837 shares, compared to its average volume of 499,342. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $21.38. The company has a market capitalization of $807.75 million, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. Quanex Building Products Co. has a 12-month low of $15.30 and a 12-month high of $34.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.87%. Quanex Building Products's dividend payout ratio is currently 52.46%.

Quanex Building Products 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.