Invesco Ltd. cut its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,271 shares of the construction company's stock after selling 149,173 shares during the quarter. Invesco Ltd. owned approximately 0.39% of Quanex Building Products worth $4,418,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. purchased a new position in shares of Quanex Building Products in the fourth quarter worth $44,000. KBC Group NV increased its holdings in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after purchasing an additional 1,169 shares in the last quarter. Assetmark Inc. lifted its stake in shares of 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. KLP Kapitalforvaltning AS purchased a new stake in Quanex Building Products during the fourth quarter worth $195,000. Finally, EMC Capital Management raised its position in shares of Quanex Building Products by 96.3% in the fourth quarter. EMC Capital Management now owns 9,448 shares of the construction company's stock worth $229,000 after acquiring an additional 4,634 shares during the period. 97.48% of the stock is currently owned by institutional investors.
Quanex Building Products Price Performance
Shares of NYSE:NX traded up $0.32 during trading on Thursday, reaching $16.76. 42,340 shares of the company's stock traded hands, compared to its average volume of 483,171. 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 fifty-two week low of $15.30 and a fifty-two week high of $35.92. The company has a 50-day simple moving average of $18.30 and a 200-day simple moving average of $23.51. The firm has a market cap of $790.99 million, a PE ratio of 14.96, a P/E/G ratio of 0.68 and a beta of 1.08.
Quanex Building Products Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products's dividend payout ratio is presently 52.46%.
About Quanex Building Products
(
Free Report)
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.
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