American Century Companies Inc. Boosts Stock Holdings in Quanex Building Products Co. (NYSE:NX)

American Century Companies Inc. boosted its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 904,990 shares of the construction company's stock after buying an additional 23,612 shares during the quarter. American Century Companies Inc. owned approximately 1.92% of Quanex Building Products worth $21,937,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Quanex Building Products by 779.2% in 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. purchased a new position in Quanex Building Products in the fourth quarter worth $25,380,000. State Street Corp grew its stake in Quanex Building Products by 28.1% in the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company's stock valued at $44,530,000 after purchasing an additional 351,778 shares during the period. Impax Asset Management Group plc purchased a new stake in shares of Quanex Building Products during the 4th quarter valued at $8,187,000. Finally, Geode Capital Management LLC raised its stake in shares of Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock worth $28,894,000 after purchasing an additional 286,128 shares during the period. 97.48% of the stock is currently owned by institutional investors.

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Quanex Building Products Stock Performance

Shares of NYSE:NX traded up $0.41 during mid-day trading on Wednesday, reaching $18.72. The company had a trading volume of 130,992 shares, compared to its average volume of 478,125. Quanex Building Products Co. has a one year low of $17.88 and a one year high of $38.98. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company's 50-day moving average price is $20.62 and its 200-day moving average price is $25.19. The firm has a market cap of $883.75 million, a price-to-earnings ratio of 16.71, a PEG ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.71%. Quanex Building Products's payout ratio is presently 52.46%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of 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.