JPMorgan Chase & Co. lessened its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 52.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,034 shares of the construction company's stock after selling 168,010 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of Quanex Building Products worth $3,637,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after acquiring an additional 605 shares during the last quarter. KBC Group NV grew its position in Quanex Building Products by 69.8% in the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company's stock worth $69,000 after purchasing an additional 1,169 shares during the last quarter. Assetmark Inc. grew its position in Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock worth $147,000 after purchasing an additional 5,391 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Quanex Building Products during the 4th quarter worth about $195,000. Finally, EMC Capital Management raised its position in shares of Quanex Building Products by 96.3% during the fourth quarter. EMC Capital Management now owns 9,448 shares of the construction company's stock valued at $229,000 after buying an additional 4,634 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.
Quanex Building Products Stock Performance
NX stock traded down $0.27 during trading on Friday, reaching $16.33. 52,686 shares of the stock were exchanged, compared to its average volume of 480,799. Quanex Building Products Co. has a twelve month low of $15.30 and a twelve month high of $35.92. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $770.92 million, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. The stock has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $23.83.
Quanex Building Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 1.96%. 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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