The Manufacturers Life Insurance Company Acquires 1,048 Shares of Quanex Building Products Co. (NYSE:NX)

The Manufacturers Life Insurance Company increased its holdings in Quanex Building Products Co. (NYSE:NX) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,598 shares of the construction company’s stock after buying an additional 1,048 shares during the period. The Manufacturers Life Insurance Company’s holdings in Quanex Building Products were worth $572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hancock Whitney Corp lifted its holdings in shares of Quanex Building Products by 5.1% during the 4th quarter. Hancock Whitney Corp now owns 12,672 shares of the construction company’s stock worth $307,000 after acquiring an additional 612 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Quanex Building Products by 23.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,892 shares of the construction company’s stock worth $434,000 after acquiring an additional 3,411 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Quanex Building Products by 5.1% during the 4th quarter. MetLife Investment Management LLC now owns 27,074 shares of the construction company’s stock worth $656,000 after acquiring an additional 1,317 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Quanex Building Products by 1.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 45,277 shares of the construction company’s stock worth $1,097,000 after acquiring an additional 562 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Quanex Building Products by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock worth $34,000 after acquiring an additional 1,267 shares during the last quarter. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Stock Performance

NYSE NX opened at $18.82 on Friday. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $34.97. 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 has a market capitalization of $888.47 million, a P/E ratio of 16.80, a P/E/G ratio of 0.68 and a beta of 1.01. The company has a fifty day moving average of $17.85 and a 200-day moving average of $22.51.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products’s payout ratio 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.