Victory Capital Management Inc. Raises Stake in Quanex Building Products Co. (NYSE:NX)

Victory Capital Management Inc. raised its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,802 shares of the construction company's stock after acquiring an additional 25,592 shares during the quarter. Victory Capital Management Inc. owned approximately 0.30% of Quanex Building Products worth $3,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NX. Public Employees Retirement System of Ohio grew its position in shares of Quanex Building Products by 69.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after buying an additional 605 shares in the last quarter. Quarry LP grew its holdings in Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock worth $31,000 after acquiring an additional 677 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Quanex Building Products by 1.5% in 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. Franklin Resources Inc. raised its holdings in shares of Quanex Building Products by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company's stock valued at $562,000 after purchasing an additional 1,150 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company's stock worth $69,000 after purchasing an additional 1,169 shares in the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

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 Stock Up 0.3 %

NX stock traded up $0.06 during midday trading on Thursday, reaching $20.22. 237,150 shares of the company were exchanged, compared to its average volume of 432,148. The company has a market cap of $954.33 million, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. Quanex Building Products Co. has a 1-year low of $18.14 and a 1-year high of $39.31. The stock's 50-day simple moving average is $21.31 and its 200 day simple moving average is $25.65.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, March 17th. Quanex Building Products's payout ratio is 52.46%.

About Quanex Building Products

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.