Comerica Bank Sells 1,636 Shares of Quanex Building Products Co. (NYSE:NX)

Comerica Bank decreased its position in shares of Quanex Building Products Co. (NYSE:NX) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 83,192 shares of the construction company’s stock after selling 1,636 shares during the period. Comerica Bank owned about 0.18% of Quanex Building Products worth $2,017,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NX. CANADA LIFE ASSURANCE Co raised its stake in Quanex Building Products by 1.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 45,277 shares of the construction company’s stock valued at $1,097,000 after buying an additional 562 shares during the last quarter. Hancock Whitney Corp boosted its stake in Quanex Building Products by 5.1% in the 4th quarter. Hancock Whitney Corp now owns 12,672 shares of the construction company’s stock worth $307,000 after purchasing an additional 612 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Quanex Building Products by 1.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company’s stock valued at $1,702,000 after purchasing an additional 1,019 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Quanex Building Products by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 23,598 shares of the construction company’s stock valued at $572,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Quanex Building Products by 6.4% in the third quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock worth $562,000 after buying an additional 1,150 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of NX opened at $17.22 on Friday. The company has a market capitalization of $812.94 million, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. Quanex Building Products Co. has a twelve month low of $15.30 and a twelve month high of $35.26. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $17.96 and a 200 day moving average of $22.89.

Quanex Building Products Dividend Announcement

The firm 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products’s payout ratio is currently 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.