Fox Run Management L.L.C. Takes $562,000 Position in Quanex Building Products Co. (NYSE:NX)

Fox Run Management L.L.C. bought a new stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,196 shares of the construction company's stock, valued at approximately $562,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of 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 acquiring an additional 1,733,932 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Quanex Building Products during the 4th quarter valued at approximately $25,380,000. State Street Corp raised its holdings in shares of Quanex Building Products by 28.1% in the third 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 stake in shares of Quanex Building Products during the fourth quarter worth $8,187,000. Finally, Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 286,128 shares during the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

NYSE:NX traded down $0.59 during midday trading on Friday, hitting $19.14. The company's stock had a trading volume of 307,348 shares, compared to its average volume of 464,062. Quanex Building Products Co. has a fifty-two week low of $18.14 and a fifty-two week 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 firm has a market cap of $903.58 million, a P/E ratio of 17.09, a P/E/G ratio of 0.68 and a beta of 1.33. The firm's 50 day moving average is $20.85 and its 200-day moving average is $25.32.

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Quanex Building Products Announces Dividend

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

Analysts Set New Price Targets

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 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.