Swiss National Bank Reduces Position in Quanex Building Products Co. (NYSE:NX)

Swiss National Bank trimmed its stake in Quanex Building Products Co. (NYSE:NX) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 83,644 shares of the construction company’s stock after selling 8,500 shares during the period. Swiss National Bank’s holdings in Quanex Building Products were worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock valued at $47,424,000 after purchasing an additional 1,733,932 shares in the last quarter. State Street Corp lifted its stake in shares of Quanex Building Products by 28.1% during the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock valued at $44,530,000 after buying an additional 351,778 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Quanex Building Products during the 4th quarter valued at $25,380,000. Geode Capital Management LLC boosted its holdings in Quanex Building Products by 37.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock worth $28,894,000 after buying an additional 286,128 shares during the period. Finally, Systematic Financial Management LP increased its stake in Quanex Building Products by 14.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,022,002 shares of the construction company’s stock worth $28,361,000 after buying an additional 126,290 shares in the last quarter. 97.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Quanex Building Products Price Performance

NX stock opened at $19.14 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company’s fifty day moving average price is $20.85 and its 200-day moving average price is $25.32. Quanex Building Products Co. has a one year low of $18.14 and a one year high of $38.98. The company has a market capitalization of $903.58 million, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

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

Quanex Building Products 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.