Swiss National Bank Lowers Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Swiss National Bank lessened its stake in shares of Quanex Building Products Co. (NYSE:NX) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,644 shares of the construction company’s stock after selling 8,500 shares during the period. Swiss National Bank owned approximately 0.18% of Quanex Building Products worth $2,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Amundi increased its stake in Quanex Building Products by 171.0% during the 4th quarter. Amundi now owns 22,859 shares of the construction company’s stock valued at $519,000 after purchasing an additional 14,425 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Quanex Building Products by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the construction company’s stock valued at $332,000 after acquiring an additional 2,042 shares in the last quarter. Assetmark Inc. raised its holdings 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 acquiring an additional 5,391 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Quanex Building Products by 22.2% during the 4th quarter. Victory Capital Management Inc. now owns 140,802 shares of the construction company’s stock valued at $3,413,000 after purchasing an additional 25,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Quanex Building Products by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 700,618 shares of the construction company’s stock valued at $16,983,000 after purchasing an additional 31,348 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

Quanex Building Products Stock Down 3.0 %

NX opened at $19.14 on Friday. Quanex Building Products Co. has a twelve month low of $18.14 and a twelve month high of $38.98. 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 firm has a 50 day moving average price of $20.85 and a 200-day moving average price of $25.32. The stock has a market capitalization of $903.58 million, a price-to-earnings ratio of 17.09, a PEG ratio of 0.68 and a beta of 1.33.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. Quanex Building Products’s dividend payout ratio (DPR) is currently 52.46%.

Quanex Building Products Company 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.