Prudential Financial Inc. Has $1.17 Million Holdings in Quanex Building Products Co. (NYSE:NX)

Prudential Financial Inc. decreased its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,119 shares of the construction company's stock after selling 28,650 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Quanex Building Products worth $1,166,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Quanex Building Products by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock valued at $127,693,000 after purchasing an additional 51,142 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Quanex Building Products during the 4th quarter valued at $632,000. Fox Run Management L.L.C. acquired a new stake in shares of Quanex Building Products during the 4th quarter valued at $562,000. KLP Kapitalforvaltning AS bought a new stake in shares of Quanex Building Products during the 4th quarter worth $195,000. Finally, American Century Companies Inc. grew its holdings in shares of Quanex Building Products by 2.7% in the 4th 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. Institutional investors own 97.48% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Quanex Building Products from a "hold" rating to a "sell" rating in a report on Sunday, December 22nd.

Quanex Building Products Trading Up 0.2 %

Shares of Quanex Building Products stock traded up $0.03 during trading on Friday, hitting $17.46. The stock had a trading volume of 310,853 shares, compared to its average volume of 476,244. Quanex Building Products Co. has a 1 year low of $15.53 and a 1 year high of $36.48. The stock has a 50 day simple moving average of $19.71 and a 200 day simple moving average of $24.50. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $824.17 million, a PE ratio of 15.59, a P/E/G ratio of 0.68 and a beta of 1.08.

Quanex Building Products Announces Dividend

The company 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 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products's payout ratio is 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.