Amundi Increases Position in Quanex Building Products Co. (NYSE:NX)

Amundi boosted its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 171.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,859 shares of the construction company's stock after acquiring an additional 14,425 shares during the period. Amundi's holdings in Quanex Building Products were worth $519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NX. Victory Capital Management Inc. raised its holdings in shares of Quanex Building Products by 38.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company's stock worth $3,197,000 after acquiring an additional 32,158 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Quanex Building Products by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company's stock valued at $8,826,000 after purchasing an additional 74,396 shares in the last quarter. Principal Financial Group Inc. raised its stake in Quanex Building Products by 28.8% during the third quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company's stock valued at $6,175,000 after purchasing an additional 49,716 shares in the last quarter. Geode Capital Management LLC lifted its position in Quanex Building Products by 37.9% during the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock valued at $28,894,000 after purchasing an additional 286,128 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Quanex Building Products by 292.2% in the 3rd 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 in the last quarter. 97.48% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Quanex Building Products Trading Up 3.3 %

Shares of Quanex Building Products stock traded up $0.64 on Monday, reaching $20.34. The company had a trading volume of 464,953 shares, compared to its average volume of 495,877. The firm has a market cap of $960.33 million, a price-to-earnings ratio of 18.16, a P/E/G ratio of 0.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The firm's 50-day moving average price is $21.22 and its two-hundred day moving average price is $25.56. Quanex Building Products Co. has a 1 year low of $18.14 and a 1 year high of $39.31.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, March 17th. Quanex Building Products's dividend payout ratio (DPR) is 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.