Charles Schwab Investment Management Inc. Has $16.98 Million Stake in Quanex Building Products Co. (NYSE:NX)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 700,618 shares of the construction company's stock after buying an additional 31,348 shares during the period. Charles Schwab Investment Management Inc. owned about 1.48% of Quanex Building Products worth $16,983,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its stake 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 worth $47,424,000 after buying an additional 1,733,932 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Quanex Building Products in the 4th quarter worth about $25,380,000. State Street Corp boosted its stake in shares of Quanex Building Products by 28.1% during the third 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 in the last quarter. Impax Asset Management Group plc bought a new stake in shares of Quanex Building Products during the fourth quarter worth about $8,187,000. Finally, Geode Capital Management LLC raised its holdings in 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 buying an additional 286,128 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors.

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Quanex Building Products Trading Up 3.3 %

NYSE:NX traded up $0.64 during trading hours on Monday, hitting $20.34. 464,953 shares of the company were exchanged, compared to its average volume of 440,085. The company has a fifty day simple moving average of $21.22 and a 200 day simple moving average of $25.56. Quanex Building Products Co. has a one year low of $18.14 and a one year high of $39.31. The stock has a market capitalization of $960.33 million, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, March 17th. Quanex Building Products's payout ratio is presently 52.46%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Quanex Building Products from a "hold" rating to a "sell" rating in a 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.