Russell Investments Group Ltd. Grows Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Russell Investments Group Ltd. increased its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 60.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,088 shares of the construction company's stock after acquiring an additional 104,056 shares during the period. Russell Investments Group Ltd. owned about 0.58% of Quanex Building Products worth $6,692,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings 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 worth $41,000 after acquiring an additional 605 shares during the last quarter. KBC Group NV lifted its stake in Quanex Building Products by 69.8% in 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 during the last quarter. Assetmark Inc. boosted its position in Quanex Building Products by 805.8% during the fourth quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock valued at $147,000 after buying an additional 5,391 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Quanex Building Products during the fourth quarter valued at about $195,000. Finally, EMC Capital Management increased its holdings in shares of Quanex Building Products by 96.3% in the fourth quarter. EMC Capital Management now owns 9,448 shares of the construction company's stock worth $229,000 after buying an additional 4,634 shares during the period. Institutional investors own 97.48% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Quanex Building Products Stock Down 3.1 %

NX traded down $0.54 on Tuesday, hitting $16.70. The company had a trading volume of 330,685 shares, compared to its average volume of 477,027. Quanex Building Products Co. has a 52-week low of $15.53 and a 52-week high of $35.92. The stock has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $24.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The firm has a market capitalization of $788.15 million, a P/E ratio of 14.91, a P/E/G ratio of 0.68 and a beta of 1.08.

Quanex Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid 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 1.92%. Quanex Building Products's dividend payout ratio is currently 52.46%.

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.