Quanex Building Products Co. (NYSE:NX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,034 shares of the construction company's stock after selling 168,010 shares during the period. JPMorgan Chase & Co. owned 0.32% of Quanex Building Products worth $3,637,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Quanex Building Products by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock worth $127,693,000 after purchasing an additional 51,142 shares in the last quarter. LPL Financial LLC purchased a new position in Quanex Building Products during the 4th quarter worth $632,000. Fox Run Management L.L.C. purchased a new position in shares of Quanex Building Products during the fourth quarter worth about $562,000. KLP Kapitalforvaltning AS acquired a new position in shares of Quanex Building Products in the fourth quarter valued at approximately $195,000. Finally, American Century Companies Inc. lifted its stake in shares of Quanex Building Products by 2.7% in the 4th quarter. American Century Companies Inc. now owns 904,990 shares of the construction company's stock worth $21,937,000 after acquiring an additional 23,612 shares during the period. Hedge funds and other institutional investors own 97.48% of the company's stock.

Quanex Building Products Stock Performance

Shares of NX stock traded down $0.14 during trading hours on Wednesday, reaching $15.95. 610,705 shares of the company's stock were exchanged, compared to its average volume of 481,985. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. Quanex Building Products Co. has a 1 year low of $15.30 and a 1 year high of $35.92. The company has a market cap of $752.89 million, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. The company's 50 day moving average is $18.95 and its two-hundred day moving average is $23.96.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.01%. Quanex Building Products's dividend payout ratio (DPR) is presently 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.