JPMorgan Chase & Co. Sells 168,010 Shares of Quanex Building Products Co. (NYSE:NX)

JPMorgan Chase & Co. reduced its stake in Quanex Building Products Co. (NYSE:NX) by 52.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,034 shares of the construction company’s stock after selling 168,010 shares during the period. JPMorgan Chase & Co.’s holdings in Quanex Building Products were worth $3,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NX. Public Employees Retirement System of Ohio grew its stake in 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 purchasing an additional 605 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Quanex Building Products by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company’s stock valued at $1,702,000 after buying an additional 1,019 shares during the period. Franklin Resources Inc. raised its holdings in shares of Quanex Building Products by 6.4% in the third quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock valued at $562,000 after acquiring an additional 1,150 shares in the last quarter. KBC Group NV lifted its stake in Quanex Building Products by 69.8% in the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,169 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Quanex Building Products by 5.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 25,572 shares of the construction company’s stock worth $620,000 after acquiring an additional 1,279 shares in the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday, December 22nd.

Quanex Building Products Trading Up 2.2 %

NX opened at $16.16 on Monday. Quanex Building Products Co. has a 12 month low of $15.53 and a 12 month high of $35.92. The stock has a fifty day moving average price of $19.19 and a 200-day moving average price of $24.10. The firm has a market cap of $763.04 million, a price-to-earnings ratio of 14.43, a PEG ratio of 0.68 and a beta of 1.08. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products Announces Dividend

The firm also recently declared 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 1.98%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products’s payout ratio is presently 52.46%.

About Quanex Building Products

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.