JPMorgan Chase & Co. Boosts Stock Position in Quanex Building Products Co. (NYSE:NX)

JPMorgan Chase & Co. raised its holdings in Quanex Building Products Co. (NYSE:NX - Free Report) by 30.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,044 shares of the construction company's stock after purchasing an additional 74,396 shares during the quarter. JPMorgan Chase & Co. owned 0.67% of Quanex Building Products worth $8,826,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. TD Asset Management Inc boosted its holdings in Quanex Building Products by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 24,200 shares of the construction company's stock valued at $669,000 after acquiring an additional 800 shares during the period. Victory Capital Management Inc. lifted its position in shares of Quanex Building Products by 174.2% during the second quarter. Victory Capital Management Inc. now owns 83,052 shares of the construction company's stock worth $2,296,000 after purchasing an additional 52,767 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Quanex Building Products by 9,011.1% in the second quarter. Quest Partners LLC now owns 3,280 shares of the construction company's stock valued at $91,000 after purchasing an additional 3,244 shares during the period. American Century Companies Inc. grew its holdings in shares of Quanex Building Products by 13.5% in the second quarter. American Century Companies Inc. now owns 807,464 shares of the construction company's stock valued at $22,326,000 after purchasing an additional 96,095 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Quanex Building Products during the 2nd quarter worth approximately $101,000. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Up 2.3 %

Shares of NYSE NX traded up $0.52 during midday trading on Tuesday, hitting $22.83. 203,467 shares of the company's stock were exchanged, compared to its average volume of 309,264. The firm's fifty day simple moving average is $27.48 and its 200-day simple moving average is $28.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The company has a market cap of $1.08 billion, a PE ratio of 20.38, a P/E/G ratio of 0.89 and a beta of 1.30. Quanex Building Products Co. has a twelve month low of $21.48 and a twelve month high of $39.31.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same quarter last year, the company posted $0.95 EPS. Research analysts predict that Quanex Building Products Co. will post 2.26 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, December 16th. Quanex Building Products's dividend payout ratio is currently 28.57%.

Insider Activity at Quanex Building Products

In other Quanex Building Products news, CEO George Laverne Wilson bought 4,328 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $23.03 per share, with a total value of $99,673.84. Following the purchase, the chief executive officer now owns 287,644 shares in the company, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.