Quanex Building Products Co. (NYSE:NX) Shares Purchased by Amundi

Amundi increased its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 171.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,859 shares of the construction company’s stock after purchasing an additional 14,425 shares during the period. Amundi’s holdings in Quanex Building Products were worth $519,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NX. Principal Financial Group Inc. boosted its stake in shares of Quanex Building Products by 28.8% during the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock worth $6,175,000 after purchasing an additional 49,716 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Quanex Building Products by 38.7% during the third quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after purchasing an additional 32,158 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Quanex Building Products by 35.0% during the third quarter. Thrivent Financial for Lutherans now owns 37,107 shares of the construction company’s stock valued at $1,030,000 after purchasing an additional 9,619 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Quanex Building Products by 292.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock worth $2,289,000 after buying an additional 61,444 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Quanex Building Products in the third quarter worth $1,385,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Quanex Building Products Price Performance

Shares of Quanex Building Products stock opened at $20.22 on Friday. 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’s 50-day moving average price is $21.26 and its two-hundred day moving average price is $25.62. Quanex Building Products Co. has a 52 week low of $18.14 and a 52 week high of $39.31. The stock has a market cap of $954.33 million, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.58%. Quanex Building Products’s payout ratio is presently 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.