Royce & Associates LP Acquires 34,531 Shares of Quanex Building Products Co. (NYSE:NX)

Royce & Associates LP grew its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 563,017 shares of the construction company's stock after acquiring an additional 34,531 shares during the period. Royce & Associates LP owned 1.19% of Quanex Building Products worth $13,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NX. Amundi boosted its position in shares of Quanex Building Products by 171.0% in the fourth quarter. Amundi now owns 22,859 shares of the construction company's stock valued at $519,000 after acquiring an additional 14,425 shares during the period. PNC Financial Services Group Inc. increased its position in Quanex Building Products by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the construction company's stock worth $332,000 after acquiring an additional 2,042 shares during the period. Assetmark Inc. raised its stake in Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock worth $147,000 after purchasing an additional 5,391 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Quanex Building Products by 22.2% in the 4th quarter. Victory Capital Management Inc. now owns 140,802 shares of the construction company's stock valued at $3,413,000 after purchasing an additional 25,592 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Quanex Building Products by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 700,618 shares of the construction company's stock worth $16,983,000 after purchasing an additional 31,348 shares in the last quarter. Institutional investors own 97.48% of the company's stock.

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Analyst Ratings Changes

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

Quanex Building Products Price Performance

Shares of NX traded down $0.50 during trading hours on Friday, hitting $19.68. 1,849,665 shares of the company were exchanged, compared to its average volume of 438,644. 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 fifty-two week low of $18.14 and a fifty-two week high of $39.31. The company has a market cap of $928.84 million, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.68 and a beta of 1.33. The firm's fifty day moving average is $21.26 and its 200 day moving average is $25.62.

Quanex Building Products Dividend Announcement

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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.63%. Quanex Building Products's payout ratio is 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.