Invesco Ltd. Sells 149,173 Shares of Quanex Building Products Co. (NYSE:NX)

Invesco Ltd. cut its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,271 shares of the construction company's stock after selling 149,173 shares during the quarter. Invesco Ltd. owned 0.39% of Quanex Building Products worth $4,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NX. State of New Jersey Common Pension Fund D boosted its position in Quanex Building Products by 1.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company's stock worth $1,702,000 after purchasing an additional 1,019 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Quanex Building Products by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company's stock worth $562,000 after purchasing an additional 1,150 shares during the period. KBC Group NV boosted its holdings in shares of 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 buying an additional 1,169 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Quanex Building Products by 5.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 25,572 shares of the construction company's stock worth $620,000 after buying an additional 1,279 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Quanex Building Products by 11.6% during the fourth quarter. Inspire Investing LLC now owns 16,582 shares of the construction company's stock valued at $402,000 after buying an additional 1,720 shares during the period. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Stock Down 0.8 %

NX opened at $16.46 on Friday. Quanex Building Products Co. has a 1-year low of $15.30 and a 1-year high of $35.92. The firm's 50 day simple moving average is $18.56 and its two-hundred day simple moving average is $23.72. 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 $777.06 million, a PE ratio of 14.70, a PEG ratio of 0.68 and a beta of 1.08.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, March 17th. Quanex Building Products's dividend 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.

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