Renaissance Technologies LLC Has $29.85 Million Holdings in Quanex Building Products Co. (NYSE:NX)

Renaissance Technologies LLC reduced its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,231,341 shares of the construction company's stock after selling 25,466 shares during the quarter. Renaissance Technologies LLC owned approximately 2.61% of Quanex Building Products worth $29,848,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of NX. Public Employees Retirement System of Ohio raised its stake in shares of Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock valued at $41,000 after acquiring an additional 605 shares in the last quarter. Quarry LP raised its stake in Quanex Building Products by 150.8% during the third 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 lifted its holdings in Quanex Building Products by 1.5% during 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. boosted 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 worth $562,000 after acquiring an additional 1,150 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Quanex Building Products by 69.8% in the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after buying an additional 1,169 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

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Quanex Building Products Trading Down 3.1 %

Quanex Building Products stock traded down $0.54 during midday trading on Tuesday, hitting $16.70. 330,685 shares of the stock were exchanged, compared to its average volume of 477,027. The stock has a market capitalization of $788.15 million, a PE ratio of 14.91, a P/E/G ratio of 0.68 and a beta of 1.08. The company has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $24.40. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 52 week low of $15.53 and a 52 week high of $35.92.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products's dividend payout ratio is 52.46%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Quanex Building Products from a "hold" rating to a "sell" rating in a research note on Sunday, December 22nd.

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.