Quanex Building Products Co. (NYSE:NX) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,267,847 shares of the construction company's stock after acquiring an additional 51,142 shares during the period. Vanguard Group Inc. owned 11.16% of Quanex Building Products worth $127,693,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NX. LPL Financial LLC bought a new stake in shares of Quanex Building Products during the fourth quarter valued at about $632,000. Fox Run Management L.L.C. bought a new stake in shares of Quanex Building Products during the 4th quarter worth about $562,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Quanex Building Products in the 4th quarter worth approximately $195,000. American Century Companies Inc. boosted its holdings in shares of Quanex Building Products by 2.7% in the fourth quarter. American Century Companies Inc. now owns 904,990 shares of the construction company's stock valued at $21,937,000 after acquiring an additional 23,612 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Quanex Building Products by 6.5% during the fourth quarter. Royce & Associates LP now owns 563,017 shares of the construction company's stock valued at $13,648,000 after acquiring an additional 34,531 shares during the period. 97.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Quanex Building Products Price Performance

NYSE:NX traded up $0.03 during mid-day trading on Friday, reaching $17.46. 310,853 shares of the stock were exchanged, compared to its average volume of 477,005. 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 business has a fifty day moving average price of $19.71 and a 200 day moving average price of $24.48. Quanex Building Products Co. has a 1-year low of $15.53 and a 1-year high of $36.30. The firm has a market capitalization of $824.17 million, a PE ratio of 15.59, a PEG ratio of 0.68 and a beta of 1.08.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. Quanex Building Products's payout ratio is currently 52.46%.

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.