Quanex Building Products Co. (NYSE:NX) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its stake in shares of Quanex Building Products Co. (NYSE:NX) by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,119 shares of the construction company’s stock after selling 28,650 shares during the quarter. Prudential Financial Inc.’s holdings in Quanex Building Products were worth $1,166,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Quanex Building Products by 779.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock worth $47,424,000 after purchasing an additional 1,733,932 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Quanex Building Products in the fourth quarter valued at $25,380,000. State Street Corp lifted its holdings in 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 worth $44,530,000 after buying an additional 351,778 shares during the last quarter. Impax Asset Management Group plc acquired a new position in shares of Quanex Building Products during the 4th quarter worth about $8,187,000. Finally, Geode Capital Management LLC increased its holdings in shares of 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 valued at $28,894,000 after acquiring an additional 286,128 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Quanex Building Products Trading Up 5.9 %

NYSE NX opened at $17.60 on Monday. The firm’s fifty day moving average price is $20.30 and its 200 day moving average price is $24.97. Quanex Building Products Co. has a 12 month low of $15.53 and a 12 month high of $38.98. 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 company has a market capitalization of $830.88 million, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, March 17th. Quanex Building Products’s dividend payout ratio (DPR) is currently 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.